United Technologies (UTX) Coverage Initiated at Barclays

Analysts at Barclays began coverage on shares of United Technologies (NYSE:UTX) in a research note issued on Thursday. The brokerage set an “overweight” rating on the conglomerate’s stock.

UTX has been the topic of a number of other research reports. ValuEngine upgraded shares of United Technologies from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Stifel Nicolaus reaffirmed a “hold” rating and set a $146.00 price objective (up previously from $124.00) on shares of United Technologies in a research report on Thursday, January 25th. Cowen reaffirmed a “hold” rating and set a $141.00 price objective on shares of United Technologies in a research report on Thursday, January 25th. UBS Group assumed coverage on shares of United Technologies in a research report on Tuesday, January 23rd. They set a “buy” rating and a $158.00 price objective for the company. Finally, Goldman Sachs Group raised shares of United Technologies from a “neutral” rating to a “buy” rating in a research report on Monday, January 8th. Nine research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. United Technologies has an average rating of “Buy” and an average price target of $136.15.

Shares of United Technologies (NYSE:UTX) opened at $126.70 on Thursday. The stock has a market cap of $100,588.12, a PE ratio of 22.23, a PEG ratio of 2.07 and a beta of 1.08. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.35 and a quick ratio of 0.94. United Technologies has a 12 month low of $107.05 and a 12 month high of $139.24.

United Technologies (NYSE:UTX) last issued its earnings results on Wednesday, January 24th. The conglomerate reported $1.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.56 by $0.04. The business had revenue of $15.68 billion for the quarter, compared to analyst estimates of $15.34 billion. United Technologies had a net margin of 7.61% and a return on equity of 17.35%. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.56 EPS. sell-side analysts forecast that United Technologies will post 7.04 earnings per share for the current year.

In other United Technologies news, VP Robert J. Bailey sold 827 shares of the company’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $118.06, for a total value of $97,635.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Robert J. Bailey sold 864 shares of the company’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $126.01, for a total transaction of $108,872.64. Following the completion of the transaction, the vice president now owns 2,000 shares of the company’s stock, valued at approximately $252,020. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,480 shares of company stock valued at $1,658,028. 0.16% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Rowland & Co. Investment Counsel ADV boosted its holdings in shares of United Technologies by 0.3% in the second quarter. Rowland & Co. Investment Counsel ADV now owns 1,167 shares of the conglomerate’s stock valued at $143,000 after acquiring an additional 3 shares in the last quarter. Jackson Grant Investment Advisers Inc. lifted its stake in United Technologies by 0.4% during the second quarter. Jackson Grant Investment Advisers Inc. now owns 1,788 shares of the conglomerate’s stock valued at $218,000 after purchasing an additional 8 shares during the last quarter. Mosaic Family Wealth LLC lifted its stake in United Technologies by 0.3% during the second quarter. Mosaic Family Wealth LLC now owns 4,357 shares of the conglomerate’s stock valued at $532,000 after purchasing an additional 14 shares during the last quarter. Hudock Capital Group LLC lifted its stake in United Technologies by 0.4% during the second quarter. Hudock Capital Group LLC now owns 3,705 shares of the conglomerate’s stock valued at $452,000 after purchasing an additional 15 shares during the last quarter. Finally, Laurel Wealth Advisors Inc. lifted its stake in United Technologies by 0.3% during the second quarter. Laurel Wealth Advisors Inc. now owns 5,943 shares of the conglomerate’s stock valued at $725,000 after purchasing an additional 18 shares during the last quarter. Hedge funds and other institutional investors own 79.87% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This article was first reported by Week Herald and is owned by of Week Herald. If you are accessing this article on another publication, it was illegally copied and republished in violation of international copyright and trademark law. The original version of this article can be accessed at https://weekherald.com/2018/02/15/united-technologies-utx-coverage-initiated-at-barclays.html.

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.

Analyst Recommendations for United Technologies (NYSE:UTX)

Receive News & Ratings for United Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply