United Technologies Corp. (NYSE:UTX)‘s stock had its “buy” rating reissued by investment analysts at Wells Fargo & Co. in a report released on Monday.

Other equities analysts have also issued research reports about the stock. 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. Bank of America Corp. reaffirmed a “buy” rating and issued a $130.00 price objective (up previously from $115.00) on shares of United Technologies Corp. in a research note on Wednesday, July 27th. Barclays PLC raised their price objective on shares of United Technologies Corp. from $108.00 to $110.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 27th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $107.00 price objective on shares of United Technologies Corp. in a research note on Friday, September 23rd. Finally, Stifel Nicolaus reaffirmed a “hold” rating on shares of United Technologies Corp. in a research note on Sunday, July 31st. Thirteen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. United Technologies Corp. presently has an average rating of “Hold” and a consensus price target of $109.80.

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

Shares of United Technologies Corp. (NYSE:UTX) opened at 107.02 on Monday. The company’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 PE ratio of 12.23 and a beta of 1.10. United Technologies Corp. has a 12 month low of $83.39 and a 12 month high of $109.83.

United Technologies Corp. (NYSE:UTX) last posted its quarterly earnings data on Tuesday, October 25th. The company reported $1.76 EPS for the quarter, topping analysts’ consensus estimates 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 firm earned $14.40 billion during the quarter, compared to analyst estimates of $12.28 billion. During the same quarter last year, the business posted $1.67 EPS. The company’s revenue was up 4.1% on a year-over-year basis. Equities research analysts expect that United Technologies Corp. will post $6.60 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Saturday, December 10th. Shareholders of record on Friday, November 18th will be given a $0.66 dividend. The ex-dividend date is Wednesday, November 16th. This represents a $2.64 annualized dividend and a yield of 2.45%. United Technologies Corp.’s dividend payout ratio is 30.28%.

In other United Technologies Corp. news, VP Robert J. Bailey sold 967 shares of the firm’s stock in a transaction on Thursday, November 10th. The shares were sold at an average price of $106.46, for a total value 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.15% of the stock is currently owned by company insiders.

A number of hedge funds have recently bought and sold shares of UTX. Vanguard Group Inc. raised 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 valued at $5,302,921,000 after buying an additional 2,049,777 shares during the period. FMR LLC raised 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 valued at $2,254,702,000 after buying an additional 549,366 shares during the period. BlackRock Institutional Trust Company N.A. raised 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 valued at $2,043,853,000 after buying an additional 305,134 shares during the period. BlackRock Fund Advisors raised 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 valued at $1,010,210,000 after buying an additional 446,984 shares during the period. Finally, Davis Selected Advisers raised 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 valued at $953,797,000 after buying an additional 421,896 shares during the period. Institutional investors own 80.81% of the company’s stock.

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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