Today, United Technologies Corp. (UTX) gets Hold status at Vetr Inc.

Today, United Technologies Corp. (UTX) gets Hold status at Vetr Inc.
United Technologies Corp. (NYSE:UTX) was downgraded by investment analysts at Vetr from a “buy” rating to a “hold” rating in a report released on Monday. They presently have a $106.05 target price on the stock. Vetr‘s price objective would suggest a potential downside of 2.51% from the stock’s current price.

UTX has been the topic of several other research reports. Barclays PLC raised their price objective on shares of United Technologies Corp. from $108.00 to $110.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 27th. Jefferies Group restated a “buy” rating and set a $118.00 price objective on shares of United Technologies Corp. in a research report on Wednesday, July 27th. Bank of America Corp. restated a “buy” rating and set a $130.00 price objective (up from $115.00) on shares of United Technologies Corp. in a research report on Wednesday, July 27th. Stifel Nicolaus restated a “hold” rating on shares of United Technologies Corp. in a research report on Sunday, July 31st. Finally, Zacks Investment Research upgraded shares of United Technologies Corp. from a “sell” rating to a “hold” rating in a research report on Friday, July 22nd. Thirteen equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $109.80.

Shares of United Technologies Corp. (NYSE:UTX) traded up 0.62% during trading on Monday, hitting $108.78. The stock had a trading volume of 1,008,723 shares. United Technologies Corp. has a 52 week low of $83.39 and a 52 week high of $109.83. The company has a market capitalization of $89.57 billion, a price-to-earnings ratio of 12.43 and a beta of 1.10. The company’s 50 day moving average price is $102.93 and its 200 day moving average price is $103.44.

United Technologies Corp. (NYSE:UTX) last announced its quarterly earnings results on Tuesday, October 25th. The company reported $1.76 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.67 by $0.09. The company earned $14.40 billion during the quarter, compared to the consensus estimate of $12.28 billion. United Technologies Corp. had a net margin of 12.87% and a return on equity of 18.28%. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.67 earnings per share. Analysts predict that United Technologies Corp. will post $6.60 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Saturday, December 10th. Stockholders of record on Friday, November 18th will be given a $0.66 dividend. The ex-dividend date of this dividend is Wednesday, November 16th. This represents a $2.64 annualized dividend and a dividend yield of 2.43%. United Technologies Corp.’s payout ratio is presently 30.28%.

In other news, VP Robert J. Bailey sold 967 shares of the company’s stock in a transaction that occurred on Thursday, November 10th. The shares were sold at an average price of $106.46, for a total value of $102,946.82. Following the completion of the sale, the vice president now owns 2,000 shares of the company’s stock, valued at approximately $212,920. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.15% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. UBS Asset Management Americas Inc. raised its position in shares of United Technologies Corp. by 6.7% in the first quarter. UBS Asset Management Americas Inc. now owns 2,660,011 shares of the company’s stock worth $266,269,000 after buying an additional 167,920 shares during the last quarter. Pictet Asset Management Ltd. raised its position in shares of United Technologies Corp. by 2.8% in the first quarter. Pictet Asset Management Ltd. now owns 539,794 shares of the company’s stock worth $52,155,000 after buying an additional 14,520 shares during the last quarter. Marshall & Sullivan Inc. WA raised its position in shares of United Technologies Corp. by 2.3% in the first quarter. Marshall & Sullivan Inc. WA now owns 26,695 shares of the company’s stock worth $2,672,000 after buying an additional 604 shares during the last quarter. Sand Hill Global Advisors LLC raised its position in shares of United Technologies Corp. by 7.9% in the first quarter. Sand Hill Global Advisors LLC now owns 4,201 shares of the company’s stock worth $421,000 after buying an additional 306 shares during the last quarter. Finally, International Value Advisers LLC raised its position in shares of United Technologies Corp. by 42.9% in the first quarter. International Value Advisers LLC now owns 818,692 shares of the company’s stock worth $81,951,000 after buying an additional 245,916 shares during the last quarter. Hedge funds and other institutional investors own 80.67% of the company’s stock.

About United Technologies Corp.

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. Its Otis segment designs, manufactures, sells and installs a range of passenger and freight elevators, as well as a line of escalators and moving walkways.

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