United Technologies Corp. (NYSE:UTX) has been given a consensus rating of “Hold” by the twenty brokerages that are currently covering the company. Thirteen equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $110.20.

Several analysts recently weighed in on UTX shares. Zacks Investment Research raised United Technologies Corp. from a “sell” rating to a “hold” rating in a research note on Friday, July 22nd. Bank of America Corp. reaffirmed a “buy” rating and issued a $130.00 price objective (up from $115.00) on shares of United Technologies Corp. in a research note on Wednesday, July 27th. Jefferies Group reaffirmed a “buy” rating and issued a $118.00 price objective on shares of United Technologies Corp. in a research note on Wednesday, July 27th. Barclays PLC raised their price objective on United Technologies Corp. from $108.00 to $110.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 27th. Finally, Stifel Nicolaus reaffirmed a “hold” rating on shares of United Technologies Corp. in a research note on Sunday, July 31st.

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of United Technologies Corp. by 4.1% in the second quarter. Vanguard Group Inc. now owns 51,710,590 shares of the company’s stock worth $5,302,921,000 after buying an additional 2,049,777 shares during the period. FMR LLC boosted its stake in shares of United Technologies Corp. by 2.6% in the second quarter. FMR LLC now owns 21,986,379 shares of the company’s stock worth $2,254,702,000 after buying an additional 549,366 shares during the period. BlackRock Institutional Trust Company N.A. boosted its stake in shares of United Technologies Corp. by 1.5% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 20,116,662 shares of the company’s stock worth $2,043,853,000 after buying an additional 305,134 shares during the period. BlackRock Fund Advisors boosted its stake in shares of United Technologies Corp. by 4.7% in the third quarter. BlackRock Fund Advisors now owns 9,943,009 shares of the company’s stock worth $1,010,210,000 after buying an additional 446,984 shares during the period. Finally, Davis Selected Advisers boosted its stake in shares of United Technologies Corp. by 4.8% in the second quarter. Davis Selected Advisers now owns 9,300,803 shares of the company’s stock worth $953,797,000 after buying an additional 421,896 shares during the period. 80.33% of the stock is owned by hedge funds and other institutional investors.

Shares of United Technologies Corp. (NYSE:UTX) opened at 108.86 on Monday. The stock has a 50 day moving average price of $101.57 and a 200-day moving average price of $103.14. The company has a market capitalization of $89.64 billion, a PE ratio of 12.44 and a beta of 1.10. United Technologies Corp. has a 52 week low of $83.39 and a 52 week high of $109.83.

United Technologies Corp. (NYSE:UTX) last released its quarterly earnings data on Tuesday, October 25th. The company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.67 by $0.09. The business had revenue of $14.40 billion for the quarter, compared to analyst estimates of $12.28 billion. United Technologies Corp. had a return on equity of 18.28% and a net margin of 12.87%. United Technologies Corp.’s revenue was up 4.1% compared to the same quarter last year. During the same period last year, the firm posted $1.67 earnings per share. Equities research analysts expect that United Technologies Corp. will post $6.60 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, December 10th. Shareholders of record on Friday, November 18th will be paid a $0.66 dividend. The ex-dividend date is Wednesday, November 16th. This represents a $2.64 dividend on an annualized basis and a yield of 2.43%. United Technologies Corp.’s dividend payout ratio (DPR) is presently 30.28%.

About United Technologies Corp.

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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