United Technologies (UTX) Upgraded by Robert W. Baird to “Outperform”

United Technologies (NYSE:UTX) was upgraded by equities researchers at Robert W. Baird from a “neutral” rating to an “outperform” rating in a research report issued on Friday.

A number of other equities analysts also recently commented on UTX. Royal Bank of Canada reiterated a “hold” rating and issued a $126.00 target price on shares of United Technologies in a report on Tuesday, October 10th. Zacks Investment Research downgraded shares of United Technologies from a “hold” rating to a “sell” rating in a report on Monday, October 16th. Cowen reiterated a “hold” rating and issued a $120.00 target price on shares of United Technologies in a report on Tuesday, October 24th. Stifel Nicolaus boosted their target price on shares of United Technologies from $122.00 to $124.00 and gave the stock a “hold” rating in a report on Wednesday, October 25th. Finally, Atlantic Securities upgraded shares of United Technologies from a “neutral” rating to an “overweight” rating in a report on Tuesday, December 5th. Twelve equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $125.63.

United Technologies (NYSE UTX) opened at $130.45 on Friday. The company has a market cap of $103,846.03, a PE ratio of 20.22, a price-to-earnings-growth ratio of 2.26 and a beta of 1.07. The company has a quick ratio of 0.91, a current ratio of 1.31 and a debt-to-equity ratio of 0.76. United Technologies has a fifty-two week low of $106.85 and a fifty-two week high of $130.87.

United Technologies (NYSE:UTX) last announced its earnings results on Tuesday, October 24th. The conglomerate reported $1.73 EPS for the quarter, topping the Zacks’ consensus estimate of $1.68 by $0.05. The business had revenue of $15.06 billion during the quarter, compared to the consensus estimate of $14.99 billion. United Technologies had a net margin of 8.79% and a return on equity of 17.66%. The firm’s revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.76 earnings per share. equities analysts predict that United Technologies will post 6.61 EPS for the current fiscal year.

In related news, VP Akhil Johri sold 5,979 shares of the stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $121.03, for a total value of $723,638.37. Following the transaction, the vice president now owns 23,295 shares in the company, valued at approximately $2,819,393.85. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Robert J. Bailey sold 827 shares of the stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $118.06, for a total transaction of $97,635.62. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,466 shares of company stock worth $2,019,274. Corporate insiders own 0.16% of the company’s stock.

A number of large investors have recently modified their holdings of UTX. SNS Financial Group LLC acquired a new position in United Technologies in the 1st quarter worth approximately $240,000. Good Life Advisors LLC acquired a new position in United Technologies in the 1st quarter worth approximately $203,000. Legal & General Group Plc increased its holdings in United Technologies by 3.6% in the 1st quarter. Legal & General Group Plc now owns 3,682,243 shares of the conglomerate’s stock worth $413,192,000 after buying an additional 128,123 shares during the period. Wilbanks Smith & Thomas Asset Management LLC increased its holdings in United Technologies by 16.3% in the 1st quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 9,373 shares of the conglomerate’s stock worth $1,052,000 after buying an additional 1,315 shares during the period. Finally, Hartland & Co. LLC increased its holdings in United Technologies by 17.9% in the 1st quarter. Hartland & Co. LLC now owns 11,882 shares of the conglomerate’s stock worth $1,334,000 after buying an additional 1,800 shares during the period. Institutional investors own 80.07% of the company’s stock.

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United Technologies Company Profile

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.

Analyst Recommendations for United Technologies (NYSE:UTX)

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