The stock of United Technologies Corporation (NYSE:UTX) is a huge mover today! About 1.48M shares traded hands. United Technologies Corporation (NYSE:UTX) has risen 2.25% since March 9, 2016 and is uptrending. It has underperformed by 5.17% the S&P500.
The move comes after 9 months positive chart setup for the $81.84B company. It was reported on Oct, 12 by Barchart.com. We have $121.76 PT which if reached, will make NYSE:UTX worth $18.82 billion more.
Analysts await United Technologies Corporation (NYSE:UTX) to report earnings on October, 18. They expect $1.67 EPS, 0.00% or $0.00 from last year’s $1.67 per share. UTX’s profit will be $1.38B for 14.82 P/E if the $1.67 EPS becomes a reality. After $1.82 actual EPS reported by United Technologies Corporation for the previous quarter, Wall Street now forecasts -8.24% negative EPS growth.
United Technologies Corporation (NYSE:UTX) Ratings Coverage
Out of 19 analysts covering United Technologies Corporation (NYSE:UTX), 7 rate it a “Buy”, 0 “Sell”, while 12 “Hold”. This means 37% are positive. United Technologies Corporation has been the topic of 38 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The rating was downgraded by Citigroup to “Neutral” on Monday, October 10. The stock of United Technologies Corporation (NYSE:UTX) earned “Buy” rating by S&P Research on Tuesday, July 21. Deutsche Bank downgraded the stock to “Hold” rating in Wednesday, July 22 report. The firm has “Sector Perform” rating by RBC Capital Markets given on Thursday, January 28. Credit Suisse maintained it with “Neutral” rating and $108 target price in Monday, November 16 report. Deutsche Bank maintained United Technologies Corporation (NYSE:UTX) on Monday, September 21 with “Hold” rating. The stock of United Technologies Corporation (NYSE:UTX) earned “Neutral” rating by Sterne Agee CRT on Wednesday, January 6. On Thursday, October 8 the stock rating was initiated by JP Morgan with “Neutral”. Citigroup maintained the shares of UTX in a report on Thursday, September 10 with “Buy” rating. The rating was upgraded by Cowen & Co on Thursday, July 23 to “Outperform”.
According to Zacks Investment Research, “United Technologies Corporation provides a broad range of high technology products and services to the building systems and aerospace industries. Those products include Pratt & Whitney aircraft engines, space propulsion systems and industrial gas turbines; Carrier heating, air conditioning and refrigeration; Otis elevator, escalator and people movers; Hamilton Sundstrand aerospace and industrial products; Sikorsky helicopters and International Fuel Cells power systems. (Company Press Release)”
Insitutional Activity: The institutional sentiment is 0.98 in Q2 2016. Its the same as in 2016Q1. The ratio has no change, as 65 funds sold all United Technologies Corporation shares owned while 517 reduced positions. only 91 funds bought stakes while 482 increased positions. They now own 655.21 million shares or 3.61% less from 679.78 million shares in 2016Q1.
Maryland Cap Management accumulated 0.05% or 2,850 shares. Fort Washington Invest Advisors Incorporated Oh holds 1.27% of its portfolio in United Technologies Corporation (NYSE:UTX) for 661,204 shares. Moreover, Aviance Capital Limited Liability Co has 0.03% invested in United Technologies Corporation (NYSE:UTX) for 9,324 shares. Palisade Cap Mgmt Ltd Limited Liability Company Nj has invested 0.03% of its portfolio in United Technologies Corporation (NYSE:UTX). Teacher Retirement Of Texas has invested 0.2% of its portfolio in United Technologies Corporation (NYSE:UTX). The New York-based Nbt State Bank N A Ny has invested 1.57% in United Technologies Corporation (NYSE:UTX). Bancorp has 0.03% invested in the company for 800 shares. Kornitzer Cap Mgmt Ks accumulated 76,045 shares or 0.14% of the stock. Moreover, 1St Advsrs has 0.08% invested in United Technologies Corporation (NYSE:UTX) for 5,706 shares. Torch Wealth Mngmt Limited Liability accumulated 3,068 shares or 0.23% of the stock. Tru Of Vermont last reported 1.54% of its portfolio in the stock. Tokio Marine Asset has invested 0.34% of its portfolio in United Technologies Corporation (NYSE:UTX). Conning holds 289,182 shares or 1.22% of its portfolio. Moreover, First Advsrs Limited Partnership has 0.04% invested in United Technologies Corporation (NYSE:UTX) for 136,406 shares. Ray Gerald L Ltd owns 43,978 shares or 0.72% of their US portfolio.
Insider Transactions: Since April 28, 2016, the stock had 0 insider purchases, and 9 selling transactions for $8.56 million net activity. Shares for $771,910 were sold by Gill Charles D on Wednesday, July 27. The insider DELPECH PHILIPPE sold $4.40 million. HAYES GREGORY sold 980 shares worth $100,107. Dumais Michael R sold $251,460 worth of stock or 2,349 shares. Another trade for 3,696 shares valued at $377,448 was made by Amato Elizabeth B on Tuesday, May 10. $332,033 worth of shares were sold by MCDONOUGH ROBERT J on Thursday, July 28. Shares for $739,024 were sold by Gitlin David L. on Thursday, April 28.
More news for United Technologies Corporation (NYSE:UTX) were recently published by: Reuters.com, which released: “United Technologies will retrain Carrier workers: CEO” on October 04, 2016. Profitconfidential.com‘s article titled: “United Technologies Corp: Here’s Why I’m Bullish on UTX Stock” and published on September 21, 2016 is yet another important article.
UTX Company Profile
United Technologies Corporation, incorporated on July 21, 1934, is engaged in providing high technology services and products to the building systems and aerospace industries around the world. The Firm operates through four divisions: Otis; UTC Climate, Controls & Security; Pratt & Whitney, and UTC Aerospace Systems. The Company’s UTC Building & Industrial Systems unit, comprising the activities of Otis and UTC Climate, Controls & Security, is the well-known provider of building technologies. The unit offers elevator, escalator heating, ventilating, air-condition and refrigeration systems and services for buildings. Pratt & Whitney and UTC Aerospace Systems serve commercial and government clients in both the original equipment and aftermarket parts and services markets of the aerospace industry. Pratt & Whitney also provides products to certain industrial markets.
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