Somewhat Favorable News Coverage Somewhat Unlikely to Affect United Technologies (UTX) Share Price
Headlines about United Technologies (NYSE:UTX) have been trending somewhat positive recently, Accern reports. Accern ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. United Technologies earned a news sentiment score of 0.21 on Accern’s scale. Accern also gave press coverage about the conglomerate an impact score of 46.0307263492338 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the media headlines that may have effected Accern’s rankings:
- See what the IHS Markit Score report has to say about United Technologies Corp. (finance.yahoo.com)
- United Technologies' Pratt Aims to Fix Airbus Engine Issue (finance.yahoo.com)
- Buy United Technologies On This Weakness (seekingalpha.com)
- Carrier AquaEdge® 19XR, 23XRV and AquaForce® 30KA, 30XA, 30XB, 30XW and 30HXC Chillers are Available With Lower Global Warming Refrigerant Solutions (finance.yahoo.com)
- Blog Exposure – Pratt & Whitney Identifies Problem with PW1100G-JM Engines Delivered for Airbus A320neo Aircrafts (finance.yahoo.com)
United Technologies (UTX) traded down $1.61 during trading hours on Tuesday, hitting $125.77. 5,065,929 shares of the stock were exchanged, compared to its average volume of 5,150,000. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.94 and a current ratio of 1.35. United Technologies has a 12 month low of $107.05 and a 12 month high of $139.24. The company has a market cap of $100,440.00, a price-to-earnings ratio of 22.06, a P/E/G ratio of 2.12 and a beta of 1.08.
The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 10th. Stockholders of record on Friday, February 16th will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date is Thursday, February 15th. United Technologies’s dividend payout ratio is currently 49.12%.
A number of research firms have weighed in on UTX. Argus raised shares of United Technologies from a “hold” rating to a “buy” rating in a report on Friday. Cowen reissued a “hold” rating and set a $141.00 target price on shares of United Technologies in a report on Sunday. Sanford C. Bernstein reissued a “positive” rating and set a $153.00 target price (up from $135.00) on shares of United Technologies in a report on Tuesday, January 30th. Stifel Nicolaus reissued a “hold” rating and set a $146.00 target price (up from $124.00) on shares of United Technologies in a report on Thursday, January 25th. Finally, UBS Group began coverage on shares of United Technologies in a report on Tuesday, January 23rd. They set a “buy” rating and a $158.00 target price on the stock. Nine equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $136.15.
In other news, VP Akhil Johri sold 5,979 shares of the company’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $121.03, for a total value of $723,638.37. Following the sale, the vice president now directly owns 23,295 shares of the company’s stock, valued at approximately $2,819,393.85. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Elizabeth B. Amato sold 4,341 shares of the company’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $125.92, for a total transaction of $546,618.72. Following the completion of the sale, the executive vice president now directly owns 29,122 shares in the company, valued at $3,667,042.24. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,480 shares of company stock worth $1,658,028. Insiders own 0.16% of the company’s stock.
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About United Technologies
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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