Somewhat Favorable Press Coverage Somewhat Unlikely to Affect United Technologies (UTX) Stock Price

News coverage about United Technologies (NYSE:UTX) has been trending somewhat positive on Sunday, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. United Technologies earned a news impact score of 0.16 on Accern’s scale. Accern also assigned news coverage about the conglomerate an impact score of 46.3905737474831 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

These are some of the news stories that may have effected Accern’s scoring:

A number of brokerages have recently issued reports on UTX. Bank of America reiterated a “buy” rating and set a $140.00 price target on shares of United Technologies in a research note on Wednesday, September 6th. Cowen reiterated a “buy” rating and set a $127.00 price target on shares of United Technologies in a research note on Tuesday, September 5th. Jefferies Group reiterated a “buy” rating and set a $139.00 price target on shares of United Technologies in a research note on Tuesday, August 29th. Zacks Investment Research upgraded shares of United Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, October 26th. Finally, Stifel Nicolaus boosted their price target on shares of United Technologies from $122.00 to $124.00 and gave the stock a “hold” rating in a research note on Wednesday, October 25th. Fourteen research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $125.15.

United Technologies (NYSE:UTX) traded up $0.38 during trading hours on Friday, reaching $122.81. 3,000,000 shares of the company’s stock were exchanged, compared to its average volume of 2,830,000. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.91 and a current ratio of 1.31. The stock has a market capitalization of $98,070.00, a P/E ratio of 18.55, a P/E/G ratio of 2.21 and a beta of 1.07. United Technologies has a 12 month low of $106.85 and a 12 month high of $124.79.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, December 10th. Stockholders of record on Friday, November 17th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 2.28%. The ex-dividend date of this dividend is Thursday, November 16th. United Technologies’s payout ratio is currently 43.34%.

In related news, VP Robert J. Bailey sold 827 shares of the firm’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $118.06, for a total transaction of $97,635.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Akhil Johri sold 5,979 shares of the firm’s stock in a transaction 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 sale, the vice president now directly 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 9,792 shares of company stock valued at $1,182,520. Company 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.

Insider Buying and Selling by Quarter for United Technologies (NYSE:UTX)

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