Traders sold shares of United Technologies Corporation (NYSE:UTX) on strength during trading on Wednesday. $42.70 million flowed into the stock on the tick-up and $117.27 million flowed out of the stock on the tick-down, for a money net flow of $74.57 million out of the stock. Of all equities tracked, United Technologies had the 0th highest net out-flow for the day. United Technologies traded up $0.91 for the day and closed at $121.20

A number of research analysts have recently commented on UTX shares. Bank of America restated a “buy” rating and issued a $140.00 target price on shares of United Technologies in a research note on Wednesday, September 6th. Cowen restated a “buy” rating and issued a $127.00 target price on shares of United Technologies in a research note on Tuesday, September 5th. Jefferies Group restated a “buy” rating and issued a $139.00 target price on shares of United Technologies in a research note on Tuesday, August 29th. Zacks Investment Research upgraded United Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, October 26th. Finally, Stifel Nicolaus raised their target price on United Technologies from $122.00 to $124.00 and gave the company a “hold” rating in a research note on Wednesday, October 25th. Fourteen analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $125.15.

The company has a market capitalization of $96,786.67, a price-to-earnings ratio of 18.31, a P/E/G ratio of 2.18 and a beta of 1.07. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.31 and a quick ratio of 0.91.

United Technologies (NYSE:UTX) last posted its earnings results on Tuesday, October 24th. The conglomerate reported $1.73 EPS for the quarter, topping the Zacks’ consensus estimate of $1.68 by $0.05. The business had revenue of $15.06 billion during the quarter, compared to analyst estimates of $14.99 billion. United Technologies had a return on equity of 17.66% and a net margin of 8.79%. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.76 EPS. research analysts anticipate that United Technologies Corporation will post 6.61 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Sunday, December 10th. Shareholders of record on Friday, November 17th will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date is Thursday, November 16th. United Technologies’s payout ratio is 43.41%.

In other United Technologies news, VP Akhil Johri sold 5,979 shares of United Technologies stock in a transaction on Friday, December 1st. The stock was sold at an average price of $121.03, for a total value of $723,638.37. Following the completion of the sale, the vice president now owns 23,295 shares of the company’s stock, valued at approximately $2,819,393.85. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Robert J. Bailey sold 827 shares of United Technologies stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $118.06, for a total value of $97,635.62. The disclosure for this sale can be found here. In the last three months, insiders sold 9,792 shares of company stock valued at $1,182,520. Corporate insiders own 0.16% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Burgundy Asset Management Ltd. grew its holdings in shares of United Technologies by 0.3% in the third quarter. Burgundy Asset Management Ltd. now owns 3,455,766 shares of the conglomerate’s stock worth $401,145,000 after acquiring an additional 10,893 shares during the period. Chicago Partners Investment Group LLC grew its holdings in shares of United Technologies by 20.7% in the third quarter. Chicago Partners Investment Group LLC now owns 7,579 shares of the conglomerate’s stock worth $880,000 after acquiring an additional 1,301 shares during the period. Institutional & Family Asset Management LLC grew its holdings in shares of United Technologies by 1.5% in the third quarter. Institutional & Family Asset Management LLC now owns 39,751 shares of the conglomerate’s stock worth $4,614,000 after acquiring an additional 599 shares during the period. Steward Partners Investment Advisory LLC bought a new stake in shares of United Technologies in the third quarter worth $7,055,000. Finally, Atlantic Trust LLC grew its holdings in shares of United Technologies by 2.2% in the third quarter. Atlantic Trust LLC now owns 25,377 shares of the conglomerate’s stock worth $2,946,000 after acquiring an additional 550 shares during the period. 80.20% of the stock is owned by institutional investors and hedge funds.

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

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