Somewhat Positive Press Coverage Extremely Likely to Affect United Technologies (NYSE:UTX) Stock Price

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Press coverage about United Technologies (NYSE:UTX) has trended somewhat positive on Thursday, InfoTrie reports. The research group scores the sentiment of press coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. United Technologies earned a daily sentiment score of 1.90 on their scale. InfoTrie also gave media headlines about the conglomerate an news buzz score of 10 out of 10, indicating that recent press coverage is extremely likely to have an effect on the stock’s share price in the immediate future.

These are some of the news stories that may have impacted United Technologies’ analysis:

NYSE:UTX opened at $124.07 on Thursday. United Technologies has a fifty-two week low of $100.48 and a fifty-two week high of $144.40. The firm has a market cap of $113.95 billion, a P/E ratio of 16.30, a P/E/G ratio of 1.88 and a beta of 1.26. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.79 and a current ratio of 1.13.

United Technologies (NYSE:UTX) last released its quarterly earnings results on Tuesday, April 23rd. The conglomerate reported $1.91 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.71 by $0.20. United Technologies had a return on equity of 17.02% and a net margin of 7.64%. The company had revenue of $18.37 billion for the quarter, compared to analyst estimates of $18.01 billion. During the same quarter in the prior year, the firm posted $1.77 EPS. United Technologies’s quarterly revenue was up 20.5% compared to the same quarter last year. Sell-side analysts forecast that United Technologies will post 7.97 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Friday, August 16th will be issued a dividend of $0.735 per share. The ex-dividend date is Thursday, August 15th. This represents a $2.94 annualized dividend and a yield of 2.37%. United Technologies’s payout ratio is presently 38.63%.

Several analysts have recently issued reports on UTX shares. Seaport Global Securities started coverage on United Technologies in a report on Friday, May 10th. They set a “neutral” rating and a $136.86 price objective on the stock. Barclays upped their price objective on United Technologies from $142.00 to $149.00 and gave the stock an “overweight” rating in a report on Wednesday, April 24th. JPMorgan Chase & Co. started coverage on United Technologies in a report on Friday, February 22nd. They set an “overweight” rating and a $132.00 price objective on the stock. Zacks Investment Research cut United Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, March 26th. Finally, William Blair reaffirmed a “hold” rating on shares of United Technologies in a report on Monday. Six research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $150.23.

In other United Technologies news, VP Robert J. Bailey sold 1,418 shares of the company’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $126.20, for a total value of $178,951.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.15% of the company’s stock.

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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.

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