United Technologies Corp. (NYSE:UTX) VP Robert J. Bailey sold 967 shares of the business’s stock in a transaction dated Thursday, November 10th. The stock was sold at an average price of $106.46, for a total transaction of $102,946.82. Following the sale, the vice president now directly owns 2,000 shares in the company, valued at approximately $212,920. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Shares of United Technologies Corp. (NYSE:UTX) opened at 107.02 on Wednesday. The firm’s 50-day moving average is $101.57 and its 200 day moving average is $103.14. The stock has a market capitalization of $88.12 billion, a P/E ratio of 12.23 and a beta of 1.10. United Technologies Corp. has a 1-year low of $83.39 and a 1-year high of $109.83.

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

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

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, December 10th. Stockholders of record on Friday, November 18th will be given a dividend of $0.66 per share. The ex-dividend date of this dividend is Wednesday, November 16th. This represents a $2.64 annualized dividend and a dividend yield of 2.45%. United Technologies Corp.’s dividend payout ratio (DPR) is 30.28%.

Several institutional investors have recently bought and sold shares of UTX. Cornerstone Advisors Inc. boosted its position in shares of United Technologies Corp. by 0.3% in the second quarter. Cornerstone Advisors Inc. now owns 1,895 shares of the company’s stock valued at $194,000 after buying an additional 5 shares during the last quarter. Ronna Sue Cohen boosted its position in shares of United Technologies Corp. by 0.3% in the second quarter. Ronna Sue Cohen now owns 2,722 shares of the company’s stock valued at $279,000 after buying an additional 7 shares during the last quarter. Jackson Grant Investment Advisers Inc. boosted its position in shares of United Technologies Corp. by 0.5% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 1,902 shares of the company’s stock valued at $195,000 after buying an additional 10 shares during the last quarter. Alpha Windward LLC boosted its position in shares of United Technologies Corp. by 0.5% in the third quarter. Alpha Windward LLC now owns 2,399 shares of the company’s stock valued at $244,000 after buying an additional 12 shares during the last quarter. Finally, AT Bancorp boosted its position in shares of United Technologies Corp. by 0.3% in the third quarter. AT Bancorp now owns 4,992 shares of the company’s stock valued at $506,000 after buying an additional 14 shares during the last quarter. Institutional investors own 80.81% of the company’s stock.

A number of analysts recently commented on the stock. Jefferies Group reissued a “buy” rating and set a $118.00 price objective on shares of United Technologies Corp. in a report on Wednesday, July 27th. Bank of America Corp. reissued a “buy” rating and set a $130.00 price objective (up previously from $115.00) on shares of United Technologies Corp. in a report on Wednesday, July 27th. Wells Fargo & Co. reissued a “buy” rating on shares of United Technologies Corp. in a report on Monday. Stifel Nicolaus reissued a “hold” rating on shares of United Technologies Corp. in a report on Sunday, July 31st. Finally, Vetr downgraded shares of United Technologies Corp. from a “buy” rating to a “hold” rating and set a $106.05 price objective on the stock. in a report on Monday, November 7th. Thirteen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $109.80.

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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