The Royal Bank of Canada Reaffirms Hold Rating for United Technologies Co. (UTX)

The Royal Bank of Canada Reaffirms Hold Rating for United Technologies Co. (UTX)

A number of other research analysts also recently weighed in on the company. Vetr downgraded United Technologies from a “buy” rating to a “hold” rating and set a $114.78 price target on the stock. in a research note on Tuesday, February 21st. Cowen and Company increased their price target on United Technologies from $120.00 to $127.00 and gave the company an “outperform” rating in a research note on Friday, March 24th. Jefferies Group LLC reissued a “buy” rating and issued a $126.00 price target on shares of United Technologies in a research note on Monday, March 13th. Morgan Stanley increased their price target on United Technologies from $120.00 to $123.00 and gave the company an “overweight” rating in a research note on Friday, April 28th. Finally, Deutsche Bank AG increased their price target on United Technologies from $115.00 to $120.00 and gave the company a “hold” rating in a research note on Friday, April 28th. Ten equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $120.01.

United Technologies Co. (NYSE:UTX)‘s stock had its “hold” rating restated by equities researchers at Royal Bank of Canada in a research note issued to investors on Friday. They presently have a $125.00 price objective on the conglomerate’s stock. Royal Bank of Canada’s price objective points to a potential upside of 2.36% from the company’s current price.

Shares of United Technologies (NYSE UTX) opened at 122.12 on Friday. The stock’s 50 day moving average price is $119.51 and its 200-day moving average price is $112.93. United Technologies has a 12 month low of $96.89 and a 12 month high of $122.85. The firm has a market capitalization of $97.85 billion, a price-to-earnings ratio of 19.02 and a beta of 1.09.

United Technologies (NYSE:UTX) last posted its quarterly earnings results on Wednesday, April 26th. The conglomerate reported $1.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.39 by $0.09. The company had revenue of $13.82 billion for the quarter, compared to the consensus estimate of $13.50 billion. United Technologies had a return on equity of 18.13% and a net margin of 8.83%. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.47 EPS. On average, equities research analysts predict that United Technologies will post $6.58 EPS for the current fiscal year. The company also recently announced a quarterly dividend, which will be paid on Saturday, June 10th. Shareholders of record on Friday, May 19th will be issued a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date of this dividend is Wednesday, May 17th. United Technologies’s dividend payout ratio (DPR) is presently 43.21%.

United Technologies (NYSE:UTX) last posted its quarterly earnings results on Wednesday, April 26th. The conglomerate reported $1.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.39 by $0.09. The company had revenue of $13.82 billion for the quarter, compared to the consensus estimate of $13.50 billion. United Technologies had a return on equity of 18.13% and a net margin of 8.83%. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.47 EPS. On average, equities research analysts predict that United Technologies will post $6.58 EPS for the current fiscal year. In other United Technologies news, VP Robert J. Bailey sold 2,702 shares of the stock in a transaction dated Wednesday, May 3rd. The stock was sold at an average price of $119.53, for a total transaction of $322,970.06. Following the completion of the transaction, the vice president now owns 5,000 shares in the company, valued at approximately $597,650. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Philippe Delpech sold 7,696 shares of the stock in a transaction dated Wednesday, May 3rd. The stock was sold at an average price of $120.32, for a total value of $925,982.72. Following the transaction, the insider now owns 63,621 shares of the company’s stock, valued at approximately $7,654,878.72. The disclosure for this sale can be found here. 0.15% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in UTX. Balentine LLC boosted its position in United Technologies by 7.6% in the first quarter. Balentine LLC now owns 930 shares of the conglomerate’s stock worth $104,000 after buying an additional 66 shares during the period. JNBA Financial Advisors boosted its position in United Technologies by 4.9% in the first quarter. JNBA Financial Advisors now owns 991 shares of the conglomerate’s stock worth $111,000 after buying an additional 46 shares during the period. Riggs Asset Managment Co. Inc. boosted its position in United Technologies by 14.3% in the first quarter. Riggs Asset Managment Co. Inc. now owns 999 shares of the conglomerate’s stock worth $112,000 after buying an additional 125 shares during the period. Winfield Associates Inc. boosted its position in United Technologies by 9.2% in the first quarter. Winfield Associates Inc. now owns 1,000 shares of the conglomerate’s stock worth $112,000 after buying an additional 84 shares during the period. Finally, Tortoise Investment Management LLC boosted its position in United Technologies by 2.7% in the fourth quarter. Tortoise Investment Management LLC now owns 1,031 shares of the conglomerate’s stock worth $113,000 after buying an additional 27 shares during the period. Hedge funds and other institutional investors own 79.89% of the company’s stock. 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “UTX”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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