Robert J. Bailey Sells 864 Shares of United Technologies Co. (NYSE:UTX) Stock

United Technologies Co. (NYSE:UTX) VP Robert J. Bailey sold 864 shares of the stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $126.01, for a total value of $108,872.64. Following the sale, the vice president now owns 2,000 shares of the company’s stock, valued at $252,020. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

United Technologies Co. (NYSE UTX) traded up $0.09 during mid-day trading on Thursday, reaching $134.99. 4,803,200 shares of the company’s stock were exchanged, compared to its average volume of 3,410,000. The firm has a market cap of $107,800.00, a P/E ratio of 20.90, a price-to-earnings-growth ratio of 2.29 and a beta of 1.07. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.91 and a current ratio of 1.31. United Technologies Co. has a 12 month low of $106.85 and a 12 month high of $136.26.

United Technologies (NYSE:UTX) last posted its quarterly earnings data 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 firm had revenue of $15.06 billion during the quarter, compared to analysts’ expectations of $14.99 billion. During the same quarter last year, the company posted $1.76 EPS. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. analysts anticipate that United Technologies Co. will post 6.61 earnings per share for the current year.

UTX has been the topic of several research reports. Royal Bank of Canada raised United Technologies from a “sector perform” rating to an “outperform” rating in a report on Wednesday, January 3rd. They noted that the move was a valuation call. Robert W. Baird upgraded United Technologies from a “neutral” rating to an “outperform” rating in a research report on Friday, January 5th. Goldman Sachs Group upgraded United Technologies from a “neutral” rating to a “buy” rating in a research report on Monday. Cowen reiterated a “hold” rating and issued a $120.00 price target on shares of United Technologies in a report on Friday, November 10th. Finally, Zacks Investment Research upgraded United Technologies from a “sell” rating to a “hold” rating in a report on Thursday, October 26th. Twelve equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. United Technologies has an average rating of “Hold” and an average price target of $125.63.

Several institutional investors have recently added to or reduced their stakes in UTX. Knowledge Leaders Capital LLC purchased a new stake in shares of United Technologies in the third quarter valued at about $105,000. Tortoise Investment Management LLC boosted its holdings in shares of United Technologies by 5.3% in the second quarter. Tortoise Investment Management LLC now owns 962 shares of the conglomerate’s stock valued at $117,000 after acquiring an additional 48 shares in the last quarter. Seven Bridges Advisors LLC purchased a new stake in United Technologies during the second quarter worth about $120,000. Wealthcare Advisory Partners LLC purchased a new stake in United Technologies during the third quarter worth about $118,000. Finally, Winfield Associates Inc. boosted its holdings in United Technologies by 2.9% during the second quarter. Winfield Associates Inc. now owns 1,029 shares of the conglomerate’s stock worth $126,000 after buying an additional 29 shares in the last quarter. 80.07% of the stock is owned by institutional investors and hedge funds.

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United Technologies Company Profile

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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