United Technologies Corporation (NYSE:UTX) VP Akhil Johri sold 5,979 shares of the company’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $121.03, for a total transaction of $723,638.37. Following the completion of the transaction, the vice president now owns 23,295 shares of the company’s stock, valued at approximately $2,819,393.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Shares of United Technologies Corporation (NYSE UTX) traded down $0.08 during trading hours on Monday, hitting $120.04. 2,756,917 shares of the stock were exchanged, compared to its average volume of 3,037,475. United Technologies Corporation has a 1-year low of $106.85 and a 1-year high of $124.79. The company has a quick ratio of 0.91, a current ratio of 1.31 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $95,860.00, a PE ratio of 18.15, a price-to-earnings-growth ratio of 2.16 and a beta of 1.07.
United Technologies (NYSE:UTX) last announced its earnings results on Tuesday, October 24th. The conglomerate reported $1.73 EPS for the quarter, beating analysts’ consensus estimates of $1.68 by $0.05. United Technologies had a net margin of 8.79% and a return on equity of 17.66%. The business had revenue of $15.06 billion during the quarter, compared to analysts’ expectations of $14.99 billion. During the same period in the prior year, the company earned $1.76 earnings per share. The business’s revenue was up 4.9% compared to the same quarter last year. equities research analysts forecast that United Technologies Corporation will post 6.61 earnings per share for the current fiscal year.
UTX has been the subject of several research analyst reports. Bank of America restated a “buy” rating and issued a $140.00 price objective on shares of United Technologies in a research note on Wednesday, September 6th. 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. 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. Cowen downgraded shares of United Technologies from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $127.00 to $120.00 in a research note on Wednesday, September 6th. Finally, Stifel Nicolaus upped their price objective on shares of United Technologies from $122.00 to $124.00 and gave the company a “hold” rating in a research note on Wednesday, October 25th. Fourteen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. United Technologies currently has a consensus rating of “Hold” and a consensus price target of $125.15.
Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in United Technologies by 1.6% during the second quarter. Vanguard Group Inc. now owns 54,813,285 shares of the conglomerate’s stock worth $6,693,250,000 after purchasing an additional 848,623 shares in the last quarter. BlackRock Inc. raised its holdings in United Technologies by 0.3% during the second quarter. BlackRock Inc. now owns 44,095,986 shares of the conglomerate’s stock worth $5,384,561,000 after purchasing an additional 133,036 shares in the last quarter. FMR LLC raised its holdings in United Technologies by 13.2% during the second quarter. FMR LLC now owns 20,590,579 shares of the conglomerate’s stock worth $2,514,316,000 after purchasing an additional 2,401,795 shares in the last quarter. Capital Research Global Investors raised its holdings in United Technologies by 3.6% during the second quarter. Capital Research Global Investors now owns 8,779,642 shares of the conglomerate’s stock worth $1,072,082,000 after purchasing an additional 304,989 shares in the last quarter. Finally, Boston Partners raised its holdings in United Technologies by 5.3% during the third quarter. Boston Partners now owns 5,467,419 shares of the conglomerate’s stock worth $634,658,000 after purchasing an additional 274,184 shares in the last quarter. 80.20% of the stock is owned by institutional investors and hedge funds.
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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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