UBS Group began coverage on shares of United Technologies (NYSE:UTX) in a report issued on Tuesday, thefly.com reports. The brokerage set a “buy” rating and a $158.00 price target on the conglomerate’s stock. UBS Group’s target price points to a potential upside of 16.86% from the stock’s previous close.

Several other research firms have also recently issued reports on UTX. Zacks Investment Research cut United Technologies from a “buy” rating to a “hold” rating in a research note on Monday. Goldman Sachs Group raised United Technologies from a “neutral” rating to a “buy” rating in a research note on Monday, January 8th. Robert W. Baird raised United Technologies from a “neutral” rating to an “outperform” rating in a research note on Friday, January 5th. Royal Bank of Canada raised United Technologies from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, January 3rd. They noted that the move was a valuation call. Finally, Cowen reissued a “hold” rating and issued a $120.00 target price on shares of United Technologies in a research note on Tuesday, October 24th. Twelve research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $129.63.

Shares of United Technologies (UTX) opened at $135.21 on Tuesday. The company has a quick ratio of 0.91, a current ratio of 1.31 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $108,525.65, a PE ratio of 20.96, a P/E/G ratio of 2.35 and a beta of 1.07. United Technologies has a 12 month low of $106.85 and a 12 month high of $137.73.

United Technologies (NYSE:UTX) last posted its earnings results on Tuesday, October 24th. The conglomerate reported $1.73 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.68 by $0.05. The company had revenue of $15.06 billion for the quarter, compared to analysts’ expectations of $14.99 billion. United Technologies had a return on equity of 17.66% and a net margin of 8.79%. United Technologies’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period last year, the firm earned $1.76 earnings per share. analysts predict that United Technologies will post 6.61 EPS for the current fiscal year.

In other United Technologies news, EVP Michael R. Dumais sold 2,986 shares of United Technologies stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $120.98, for a total transaction of $361,246.28. Following the sale, the executive vice president now directly owns 27,548 shares of the company’s stock, valued at approximately $3,332,757.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Akhil Johri sold 5,979 shares of United Technologies stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $121.03, for a total transaction of $723,638.37. Following the transaction, the vice president now owns 23,295 shares of the company’s stock, valued at $2,819,393.85. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 16,466 shares of company stock worth $2,019,274. Insiders own 0.16% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Alexandria Capital LLC lifted its holdings in shares of United Technologies by 0.3% during the second quarter. Alexandria Capital LLC now owns 1,078 shares of the conglomerate’s stock valued at $132,000 after purchasing an additional 3 shares during the last quarter. Rowland & Co. Investment Counsel ADV lifted its holdings in shares of United Technologies by 0.3% during the second quarter. Rowland & Co. Investment Counsel ADV now owns 1,167 shares of the conglomerate’s stock valued at $143,000 after purchasing an additional 3 shares during the last quarter. Jackson Grant Investment Advisers Inc. lifted its holdings in shares of United Technologies by 0.4% during the second quarter. Jackson Grant Investment Advisers Inc. now owns 1,788 shares of the conglomerate’s stock valued at $218,000 after purchasing an additional 8 shares during the last quarter. Vigilant Capital Management LLC lifted its holdings in shares of United Technologies by 0.7% during the second quarter. Vigilant Capital Management LLC now owns 1,891 shares of the conglomerate’s stock valued at $231,000 after purchasing an additional 14 shares during the last quarter. Finally, Mosaic Family Wealth LLC lifted its holdings in shares of United Technologies by 0.3% during the second quarter. Mosaic Family Wealth LLC now owns 4,357 shares of the conglomerate’s stock valued at $532,000 after purchasing an additional 14 shares during the last quarter. Hedge funds and other institutional investors own 80.09% of the company’s stock.

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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.

Analyst Recommendations for United Technologies (NYSE:UTX)

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