Shares of United Technologies Corporation (NYSE:UTX) have earned a consensus rating of “Hold” from the twenty-one analysts that are covering the company, Marketbeat.com reports. Sixteen research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $124.07.

A number of research analysts recently weighed in on the company. Zacks Investment Research raised United Technologies Corporation from a “hold” rating to a “buy” rating and set a $136.00 price objective for the company in a research report on Monday, June 5th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $135.00 price objective (up previously from $130.00) on shares of United Technologies Corporation in a research report on Friday, July 21st. Royal Bank Of Canada reaffirmed a “hold” rating and set a $125.00 price objective on shares of United Technologies Corporation in a research report on Friday, June 2nd. BidaskClub raised United Technologies Corporation from a “sell” rating to a “hold” rating in a research report on Monday, August 7th. Finally, Vertical Research lowered United Technologies Corporation from a “buy” rating to a “hold” rating and set a $125.00 price objective for the company. in a research report on Tuesday, September 5th.

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

Shares of United Technologies Corporation (NYSE UTX) traded up 0.21% during midday trading on Tuesday, reaching $109.87. The company had a trading volume of 1,100,520 shares. United Technologies Corporation has a one year low of $97.62 and a one year high of $124.79. The company has a market capitalization of $87.76 billion, a P/E ratio of 16.74 and a beta of 1.05. The company has a 50-day moving average price of $117.10 and a 200 day moving average price of $117.68.

United Technologies Corporation (NYSE:UTX) last posted its quarterly earnings data on Tuesday, July 25th. The conglomerate reported $1.85 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.78 by $0.07. United Technologies Corporation had a return on equity of 18.07% and a net margin of 9.15%. The company had revenue of $15.28 billion during the quarter, compared to analyst estimates of $15.24 billion. During the same quarter last year, the company earned $1.82 EPS. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. Equities analysts anticipate that United Technologies Corporation will post $6.57 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Sunday, September 10th. Investors of record on Friday, August 18th were issued a $0.70 dividend. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $2.80 annualized dividend and a dividend yield of 2.55%. This is a positive change from United Technologies Corporation’s previous quarterly dividend of $0.66. United Technologies Corporation’s payout ratio is presently 42.68%.

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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