United Technologies Corporation (NYSE:UTX)‘s stock had its “buy” rating reiterated by equities research analysts at Jefferies Group LLC in a research note issued on Tuesday. They presently have a $139.00 price target on the conglomerate’s stock. Jefferies Group LLC’s target price would indicate a potential upside of 16.22% from the company’s current price.

A number of other analysts also recently weighed in on the stock. Royal Bank Of Canada reissued a “hold” rating and issued a $125.00 price target on shares of United Technologies Corporation in a report on Sunday, August 13th. BidaskClub raised shares of United Technologies Corporation from a “sell” rating to a “hold” rating in a report on Monday, August 7th. Credit Suisse Group reissued a “buy” rating and issued a $136.00 price target on shares of United Technologies Corporation in a report on Wednesday, July 26th. Cowen and Company reissued a “buy” rating and issued a $127.00 price target on shares of United Technologies Corporation in a report on Tuesday, July 25th. Finally, Sanford C. Bernstein reissued a “market perform” rating and issued a $135.00 price target (up from $130.00) on shares of United Technologies Corporation in a report on Friday, July 21st. Thirteen analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $123.95.

United Technologies Corporation (NYSE UTX) opened at 119.60 on Tuesday. The stock has a market cap of $95.53 billion, a price-to-earnings ratio of 18.22 and a beta of 1.06. United Technologies Corporation has a 12-month low of $97.62 and a 12-month high of $124.79. The company has a 50-day moving average price of $119.55 and a 200 day moving average price of $117.36. United Technologies Corporation also was the recipient of some unusual options trading activity on Tuesday. Stock investors acquired 9,806 call options on the company. This is an increase of 461% compared to the average daily volume of 1,748 call options.

United Technologies Corporation (NYSE:UTX) last issued its quarterly earnings results on Tuesday, July 25th. The conglomerate reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.07. United Technologies Corporation had a net margin of 9.15% and a return on equity of 18.07%. The firm had revenue of $15.28 billion during the quarter, compared to the consensus estimate of $15.24 billion. During the same period in the prior year, the firm earned $1.82 EPS. The business’s revenue was up 2.7% on a year-over-year basis. On average, equities research analysts predict that United Technologies Corporation will post $6.58 EPS for the current year.

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A number of institutional investors have recently made changes to their positions in UTX. Vanguard Group Inc. increased its position in shares of United Technologies Corporation by 1.6% in the second quarter. Vanguard Group Inc. now owns 54,813,285 shares of the conglomerate’s stock valued at $6,693,250,000 after buying an additional 848,623 shares in the last quarter. BlackRock Inc. increased its position in shares of United Technologies Corporation by 0.3% in the second quarter. BlackRock Inc. now owns 44,095,986 shares of the conglomerate’s stock valued at $5,384,561,000 after buying an additional 133,036 shares in the last quarter. FMR LLC increased its position in shares of United Technologies Corporation by 13.2% in the second quarter. FMR LLC now owns 20,590,579 shares of the conglomerate’s stock valued at $2,514,316,000 after buying an additional 2,401,795 shares in the last quarter. Capital Research Global Investors increased its position in shares of United Technologies Corporation by 3.6% in the second quarter. Capital Research Global Investors now owns 8,779,642 shares of the conglomerate’s stock valued at $1,072,082,000 after buying an additional 304,989 shares in the last quarter. Finally, Fisher Asset Management LLC increased its position in shares of United Technologies Corporation by 1.3% in the first quarter. Fisher Asset Management LLC now owns 8,535,397 shares of the conglomerate’s stock valued at $957,757,000 after buying an additional 106,552 shares in the last quarter. 78.85% of the stock is owned by hedge funds and other institutional investors.

About United Technologies Corporation

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. Otis operates as an elevator and escalator manufacturing, installation and service company.

Analyst Recommendations for United Technologies Corporation (NYSE:UTX)

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