Traders sold shares of United Technologies Co. (NYSE:UTX) on strength during trading hours on Wednesday. $76.90 million flowed into the stock on the tick-up and $117.62 million flowed out of the stock on the tick-down, for a money net flow of $40.72 million out of the stock. Of all companies tracked, United Technologies had the 0th highest net out-flow for the day. United Technologies traded up $0.63 for the day and closed at $134.90
UTX has been the subject of several research reports. Royal Bank of Canada reaffirmed a “hold” rating and issued a $126.00 target price on shares of United Technologies in a research report on Tuesday, October 10th. Zacks Investment Research downgraded United Technologies from a “hold” rating to a “sell” rating in a research report on Monday, October 16th. Cowen reaffirmed a “hold” rating and issued a $120.00 target price on shares of United Technologies in a research report on Tuesday, October 24th. Stifel Nicolaus lifted their target price on United Technologies from $122.00 to $124.00 and gave the company a “hold” rating in a research report on Wednesday, October 25th. Finally, Atlantic Securities raised United Technologies from a “neutral” rating to an “overweight” rating in a research report on Tuesday, December 5th. Twelve research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $125.63.
The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.91 and a current ratio of 1.31. The firm has a market cap of $108,600.00, a P/E ratio of 20.90, a PEG ratio of 2.29 and a beta of 1.07.
United Technologies (NYSE:UTX) last announced its quarterly earnings data on Tuesday, October 24th. The conglomerate reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.05. The business had revenue of $15.06 billion during the quarter, compared to analysts’ expectations of $14.99 billion. United Technologies had a return on equity of 17.66% and a net margin of 8.79%. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.76 EPS. equities analysts anticipate that United Technologies Co. will post 6.61 earnings per share for the current year.
In other news, VP Akhil Johri sold 5,979 shares of United Technologies stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $121.03, for a total value of $723,638.37. Following the completion of 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Michael R. Dumais sold 2,986 shares of United Technologies stock in a transaction dated Friday, November 3rd. The shares were 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 owns 27,548 shares of the company’s stock, valued at approximately $3,332,757.04. The disclosure for this sale can be found here. Insiders sold a total of 16,466 shares of company stock valued at $2,019,274 in the last quarter. Company insiders own 0.16% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in UTX. Connecticut Wealth Management LLC lifted its stake in United Technologies by 10.1% during the second quarter. Connecticut Wealth Management LLC now owns 11,966 shares of the conglomerate’s stock worth $1,473,000 after purchasing an additional 1,098 shares during the last quarter. Pacer Advisors Inc. lifted its stake in United Technologies by 8.4% during the second quarter. Pacer Advisors Inc. now owns 18,682 shares of the conglomerate’s stock worth $2,281,000 after purchasing an additional 1,447 shares during the last quarter. Delaney Dennis R lifted its stake in United Technologies by 28.4% during the second quarter. Delaney Dennis R now owns 4,855 shares of the conglomerate’s stock worth $593,000 after purchasing an additional 1,075 shares during the last quarter. Federated Investors Inc. PA lifted its stake in United Technologies by 22.2% during the second quarter. Federated Investors Inc. PA now owns 65,214 shares of the conglomerate’s stock worth $7,963,000 after purchasing an additional 11,851 shares during the last quarter. Finally, Stoneridge Investment Partners LLC lifted its stake in United Technologies by 755.1% during the second quarter. Stoneridge Investment Partners LLC now owns 33,178 shares of the conglomerate’s stock worth $4,051,000 after purchasing an additional 29,298 shares during the last quarter. Institutional investors and hedge funds 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.
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