News headlines about United Technologies Corporation (NYSE:UTX) have been trending somewhat positive this week, according to Accern. The research group identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. United Technologies Corporation earned a coverage optimism score of 0.12 on Accern’s scale. Accern also gave media coverage about the conglomerate an impact score of 46.420859164911 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern’s rankings:
- United Technologies Corp. breached its 50 day moving average in a Bearish Manner : UTX-US : November 20, 2017 (finance.yahoo.com)
- Hawaiian Airlines Celebrates Delivery of A321neo Powered by PurePower® Geared Turbofan™ Engines (finance.yahoo.com)
- United Technologies Corp. : UTX-US: Dividend Analysis : November 17th, 2017 (record date) : By the numbers : November 17, 2017 (finance.yahoo.com)
- Why United Technologies is a Top 25 SAFE Dividend Stock (UTX) (nasdaq.com)
- Air China and Shenzhen Airlines Choose PurePower® Geared Turbofan™ Engines for 60 A320neo Family Aircraft (finance.yahoo.com)
Shares of United Technologies Corporation (UTX) traded down $1.36 during mid-day trading on Monday, hitting $116.53. The company had a trading volume of 2,808,600 shares, compared to its average volume of 3,039,872. The company has a current ratio of 1.31, a quick ratio of 0.91 and a debt-to-equity ratio of 0.76. United Technologies Corporation has a twelve month low of $106.21 and a twelve month high of $124.79. The company has a market cap of $93,057.35, a P/E ratio of 17.60, a P/E/G ratio of 2.10 and a beta of 1.07.
United Technologies Corporation (NYSE:UTX) last announced its quarterly earnings data on Tuesday, October 24th. The conglomerate reported $1.73 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.05. United Technologies Corporation had a return on equity of 17.66% and a net margin of 8.79%. The business had revenue of $15.06 billion during the quarter, compared to the consensus estimate of $14.99 billion. During the same period in the prior year, the company earned $1.76 EPS. United Technologies Corporation’s revenue for the quarter was up 4.9% on a year-over-year basis. analysts anticipate that United Technologies Corporation will post 6.61 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Sunday, December 10th. Shareholders of record on Friday, November 17th will be given a $0.70 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $2.80 annualized dividend and a yield of 2.40%. United Technologies Corporation’s dividend payout ratio is presently 43.41%.
Several research firms have commented on UTX. Cowen and Company restated a “buy” rating and issued a $127.00 target price on shares of United Technologies Corporation in a research note on Tuesday, July 25th. BidaskClub upgraded United Technologies Corporation from a “sell” rating to a “hold” rating in a research note on Monday, August 7th. Credit Suisse Group reiterated a “buy” rating and set a $136.00 price objective on shares of United Technologies Corporation in a research note on Wednesday, July 26th. Stifel Nicolaus upped their price objective on United Technologies Corporation from $122.00 to $124.00 and gave the stock a “hold” rating in a research note on Wednesday, October 25th. Finally, Zacks Investment Research upgraded United Technologies Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, October 26th. Fourteen analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $125.15.
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In other United Technologies Corporation news, EVP Michael R. Dumais sold 2,986 shares of the stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $120.98, for a total value of $361,246.28. Following the completion of the transaction, the executive vice president now directly owns 27,548 shares in the company, valued at $3,332,757.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.16% of the stock is currently owned by company insiders.
About United Technologies Corporation
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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