The stock of United Technologies Corporation (NYSE:UTX) is a huge mover today! About 792,760 shares traded hands. United Technologies Corporation (NYSE:UTX) has risen 3.48% since April 26, 2016 and is uptrending. It has underperformed by 1.78% the S&P500.
The move comes after 9 months positive chart setup for the $89.56B company. It was reported on Nov, 29 by Barchart.com. We have $113.46 PT which if reached, will make NYSE:UTX worth $3.58 billion more.
Analysts await United Technologies Corporation (NYSE:UTX) to report earnings on January, 25. They expect $1.58 EPS, up 3.27% or $0.05 from last year’s $1.53 per share. UTX’s profit will be $1.30B for 17.26 P/E if the $1.58 EPS becomes a reality. After $1.76 actual EPS reported by United Technologies Corporation for the previous quarter, Wall Street now forecasts -10.23% 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. Bernstein downgraded the stock to “Mkt Perform” rating in Friday, January 8 report. Deutsche Bank downgraded it to “Hold” rating and $112 target price in Wednesday, July 22 report. As per Thursday, October 8, the company rating was initiated by JP Morgan. The stock has “Neutral” rating given by Citigroup on Monday, October 10. The stock of United Technologies Corporation (NYSE:UTX) earned “Buy” rating by Jefferies on Monday, August 24. The stock of United Technologies Corporation (NYSE:UTX) has “Neutral” rating given on Wednesday, January 6 by Sterne Agee CRT. RBC Capital Markets maintained the stock with “Sector Perform” rating in Thursday, January 28 report. The firm has “Hold” rating given on Tuesday, December 1 by Liberum Capital. The stock of United Technologies Corporation (NYSE:UTX) has “Neutral” rating given on Monday, May 2 by Goldman Sachs. RBC Capital Markets downgraded United Technologies Corporation (NYSE:UTX) on Tuesday, May 3 to “Sector Perform” rating.
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 increased to 1.06 in 2016 Q2. Its up 0.08, from 0.98 in 2016Q1. The ratio improved, as 65 funds sold all United Technologies Corporation shares owned while 517 reduced positions. 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.
Hellman Jordan Management Inc Ma reported 7,082 shares or 1.47% of all its holdings. Moreover, Diversified Trust has 0.05% invested in United Technologies Corporation (NYSE:UTX) for 4,048 shares. Piedmont Invest Limited Liability Corp holds 0% or 464,845 shares in its portfolio. Joel Isaacson Com Lc accumulated 0.09% or 4,080 shares. Fil Ltd has 0.09% invested in the company for 289,347 shares. Denver Investment Advsr Limited Liability Corp holds 0.04% or 8,185 shares in its portfolio. Savings Bank Of Stockton has 0.63% invested in the company for 11,648 shares. Waldron L P last reported 2,927 shares in the company. The Indiana-based Lynch And Assoc In has invested 1.12% in United Technologies Corporation (NYSE:UTX). Guinness Atkinson Asset Mngmt Incorporated reported 2,510 shares or 0.16% of all its holdings. The California-based Boltwood Cap has invested 1.2% in United Technologies Corporation (NYSE:UTX). Deutsche Bank & Trust Ag owns 5.66 million shares or 0.41% of their US portfolio. Badgley Phelps & Bell holds 0.02% of its portfolio in United Technologies Corporation (NYSE:UTX) for 2,390 shares. Gotham Asset Mngmt Lc has invested 0.83% of its portfolio in United Technologies Corporation (NYSE:UTX). Amp Investors Ltd, a Australia-based fund reported 382,774 shares.
Insider Transactions: Since June 8, 2016, the stock had 0 buys, and 8 sales for $9.16 million net activity. Another trade for 3,100 shares valued at $332,033 was made by MCDONOUGH ROBERT J on Thursday, July 28. $676,032 worth of United Technologies Corporation (NYSE:UTX) was sold by Gill Charles D on Thursday, August 11. The insider Bailey Robert J. sold $102,946. Shares for $251,460 were sold by Dumais Michael R on Friday, August 5. 15,748 shares were sold by HAYES GREGORY, worth $1.71 million on Monday, November 14. Another trade for 40,800 shares valued at $4.40 million was sold by DELPECH PHILIPPE.
More news for United Technologies Corporation (NYSE:UTX) were recently published by: Seekingalpha.com, which released: “United Technologies Corporation A Great Choice For A Trump Presidency” on November 23, 2016. Fool.com‘s article titled: “Better Buy: Caterpillar Inc. vs. United Technologies” and published on November 15, 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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