United Technologies Corporation (NYSE:UTX) VP Akhil Johri sold 5,979 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $121.03, for a total transaction of $723,638.37. Following the completion of the sale, the vice president now directly owns 23,295 shares of the company’s stock, valued at approximately $2,819,393.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of United Technologies Corporation (NYSE:UTX) opened at $120.29 on Wednesday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.91 and a current ratio of 1.31. United Technologies Corporation has a 12 month low of $106.85 and a 12 month high of $124.79. The firm has a market cap of $95,924.23, a P/E ratio of 18.15, a PEG ratio of 2.16 and a beta of 1.07.
United Technologies (NYSE:UTX) last posted its quarterly earnings results on Tuesday, October 24th. The conglomerate reported $1.73 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.68 by $0.05. United Technologies had a net margin of 8.79% and a return on equity of 17.66%. The firm had revenue of $15.06 billion during the quarter, compared to the consensus estimate of $14.99 billion. During the same quarter in the previous year, the firm posted $1.76 earnings per share. The company’s revenue was up 4.9% on a year-over-year basis. sell-side analysts expect that United Technologies Corporation will post 6.61 EPS for the current fiscal year.
Several brokerages have issued reports on UTX. Vertical Research downgraded shares of United Technologies from a “buy” rating to a “hold” rating and set a $125.00 price objective for the company. in a research note on Tuesday, September 5th. Deutsche Bank decreased their price objective on shares of United Technologies from $125.00 to $120.00 and set a “hold” rating for the company in a research note on Wednesday, September 6th. Cowen reissued a “hold” rating and issued a $120.00 price objective on shares of United Technologies in a research note on Friday, November 10th. Bank of America reissued a “buy” rating and issued a $140.00 price objective on shares of United Technologies in a research note on Wednesday, September 6th. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $126.00 price objective on shares of United Technologies in a research note on Tuesday, October 10th. Fourteen investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. United Technologies has an average rating of “Hold” and an average price target of $125.15.
Several institutional investors have recently bought and sold shares of UTX. Goelzer Investment Management Inc. raised its stake in United Technologies by 0.3% in the first quarter. Goelzer Investment Management Inc. now owns 48,204 shares of the conglomerate’s stock worth $5,409,000 after buying an additional 138 shares in the last quarter. Lincoln National Corp raised its stake in United Technologies by 102.1% in the first quarter. Lincoln National Corp now owns 4,961 shares of the conglomerate’s stock worth $557,000 after buying an additional 2,506 shares in the last quarter. Thomaspartners Inc. raised its stake in United Technologies by 9.1% in the first quarter. Thomaspartners Inc. now owns 2,401,311 shares of the conglomerate’s stock worth $269,451,000 after buying an additional 200,659 shares in the last quarter. Karp Capital Management Corp bought a new position in United Technologies in the first quarter worth approximately $40,211,000. Finally, Capital Analysts LLC raised its stake in United Technologies by 9.0% in the first quarter. Capital Analysts LLC now owns 8,700 shares of the conglomerate’s stock worth $976,000 after buying an additional 718 shares in the last quarter. 80.20% of the stock is owned by hedge funds and other institutional investors.
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About United Technologies
United Technologies Corporation is engaged in providing high technology products and services to the building systems and aerospace industries around the world. The Company operates through four segments: Otis; UTC Climate, Controls & Security; Pratt & Whitney, and UTC Aerospace Systems. Otis operates as an elevator and escalator manufacturing, installation and service company.
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