Somewhat Positive Press Coverage Somewhat Unlikely to Affect United Technologies (UTX) Stock Price

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Headlines about United Technologies (NYSE:UTX) have trended somewhat positive on Wednesday, Accern Sentiment reports. The research group identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. United Technologies earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned news stories about the conglomerate an impact score of 46.2782158082071 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

These are some of the media headlines that may have impacted Accern’s scoring:

UTX has been the topic of several research reports. UBS Group set a $155.00 price target on shares of United Technologies and gave the stock a “buy” rating in a research report on Thursday, March 15th. Zacks Investment Research downgraded shares of United Technologies from a “hold” rating to a “sell” rating in a research report on Friday, April 13th. Cowen reiterated a “hold” rating and set a $141.00 price target on shares of United Technologies in a research report on Tuesday, April 24th. Stifel Nicolaus reduced their price target on shares of United Technologies from $131.00 to $127.00 and set a “hold” rating on the stock in a research report on Wednesday, April 25th. Finally, ValuEngine downgraded shares of United Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. Seven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $140.31.

Shares of NYSE UTX opened at $125.64 on Wednesday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.96 and a current ratio of 1.32. United Technologies has a 12-month low of $109.10 and a 12-month high of $139.24. The stock has a market cap of $99.90 billion, a P/E ratio of 18.89, a P/E/G ratio of 1.93 and a beta of 1.09.

United Technologies (NYSE:UTX) last released its earnings results on Tuesday, April 24th. The conglomerate reported $1.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.51 by $0.26. United Technologies had a net margin of 7.28% and a return on equity of 17.67%. The company had revenue of $15.24 billion for the quarter, compared to the consensus estimate of $14.62 billion. During the same period in the prior year, the company posted $1.48 EPS. The company’s revenue was up 10.3% compared to the same quarter last year. sell-side analysts forecast that United Technologies will post 7.13 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 10th. Shareholders of record on Friday, August 17th will be given a dividend of $0.70 per share. The ex-dividend date is Thursday, August 16th. This represents a $2.80 dividend on an annualized basis and a yield of 2.23%. United Technologies’s payout ratio is presently 42.11%.

In other United Technologies news, VP Charles D. Gill sold 9,700 shares of the company’s stock in a transaction dated Tuesday, May 22nd. The shares were sold at an average price of $128.47, for a total transaction of $1,246,159.00. Following the transaction, the vice president now directly owns 25,029 shares in the company, valued at approximately $3,215,475.63. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Akhil Johri sold 6,259 shares of the company’s stock in a transaction dated Tuesday, May 22nd. The shares were sold at an average price of $128.30, for a total transaction of $803,029.70. Following the transaction, the chief financial officer now owns 47,088 shares in the company, valued at $6,041,390.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 33,286 shares of company stock worth $4,143,938. Corporate insiders own 0.17% of the company’s stock.

About United Technologies

United Technologies Corporation provides technology products and services to building systems and aerospace industries worldwide. Its Otis segment designs, manufactures, sells, and installs passenger and freight elevators, escalators, and moving walkways; and offers modernization products to upgrade elevators and escalators, as well as maintenance and repair services.

Insider Buying and Selling by Quarter for United Technologies (NYSE:UTX)

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