United Technologies Corp. (NYSE:UTX) was downgraded by Citigroup Inc. from a “buy” rating to a “neutral” rating in a research note issued on Monday.

UTX has been the topic of several other reports. Wells Fargo & Co. restated an “outperform” rating on shares of United Technologies Corp. in a research report on Tuesday, September 13th. Deutsche Bank AG restated a “hold” rating and set a $107.00 price objective on shares of United Technologies Corp. in a research report on Friday, September 23rd. JPMorgan Chase & Co. restated a “neutral” rating on shares of United Technologies Corp. in a research report on Monday, September 26th. Robert W. Baird initiated coverage on shares of United Technologies Corp. in a research report on Wednesday, October 5th. They set a “neutral” rating and a $110.00 price objective on the stock. Finally, Zacks Investment Research downgraded shares of United Technologies Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, June 29th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the stock. United Technologies Corp. has an average rating of “Hold” and a consensus price target of $110.67.

Analyst Recommendations for United Technologies Corp. (NYSE:UTX)

Shares of United Technologies Corp. (NYSE:UTX) opened at 100.58 on Monday. The stock has a market capitalization of $84.18 billion, a price-to-earnings ratio of 11.86 and a beta of 1.11. United Technologies Corp. has a 52-week low of $83.39 and a 52-week high of $109.83. The firm’s 50-day moving average is $104.05 and its 200 day moving average is $103.26.

United Technologies Corp. (NYSE:UTX) last announced its quarterly earnings data on Tuesday, July 26th. The company reported $1.82 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.68 by $0.14. The firm had revenue of $14.90 billion for the quarter, compared to the consensus estimate of $14.67 billion. United Technologies Corp. had a net margin of 12.79% and a return on equity of 18.14%. The company’s revenue was up 1.3% on a year-over-year basis. During the same period last year, the firm earned $1.81 EPS. Equities analysts expect that United Technologies Corp. will post $6.58 EPS for the current year.

In other United Technologies Corp. news, insider Robert J. Mcdonough sold 3,100 shares of the business’s stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $107.11, for a total value of $332,041.00. Following the completion of the sale, the insider now directly owns 11,349 shares of the company’s stock, valued at approximately $1,215,591.39. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Charles D. Gill sold 7,144 shares of the business’s stock in a transaction dated Wednesday, July 27th. The shares were sold at an average price of $108.05, for a total transaction of $771,909.20. Following the completion of the sale, the vice president now directly owns 55,278 shares of the company’s stock, valued at $5,972,787.90. The disclosure for this sale can be found here. 0.15% of the stock is currently owned by company insiders.

Large investors have recently added to or reduced their stakes in the stock. Chicago Partners Investment Group LLC bought a new stake in United Technologies Corp. during the second quarter valued at about $103,000. Coconut Grove Bank raised its stake in United Technologies Corp. by 5.8% in the second quarter. Coconut Grove Bank now owns 1,037 shares of the company’s stock valued at $106,000 after buying an additional 57 shares in the last quarter. Tortoise Investment Management LLC raised its stake in United Technologies Corp. by 6.1% in the second quarter. Tortoise Investment Management LLC now owns 1,065 shares of the company’s stock valued at $109,000 after buying an additional 61 shares in the last quarter. Thomas J. Herzfeld Advisors Inc. raised its stake in United Technologies Corp. by 181.1% in the second quarter. Thomas J. Herzfeld Advisors Inc. now owns 1,071 shares of the company’s stock valued at $110,000 after buying an additional 690 shares in the last quarter. Finally, Orrstown Financial Services Inc. raised its stake in United Technologies Corp. by 35.6% in the second quarter. Orrstown Financial Services Inc. now owns 1,085 shares of the company’s stock valued at $111,000 after buying an additional 285 shares in the last quarter. 80.18% of the stock is owned by institutional investors.

United Technologies Corp. 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. Its Otis segment designs, manufactures, sells and installs a range of passenger and freight elevators, as well as a line of escalators and moving walkways.

5 Day Chart for NYSE:UTX

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