News articles about United Technologies (NYSE:UTX) have trended somewhat positive this week, according to Accern. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. United Technologies earned a news sentiment score of 0.19 on Accern’s scale. Accern also assigned press coverage about the conglomerate an impact score of 46.0378823753313 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news stories that may have impacted Accern’s analysis:
- United Technologies Shares Fall After Gaining on Break-Up … – TheStreet.com (thestreet.com)
- United Technologies (UTX) Down 3% Since Earnings Report: Can It Rebound? – Nasdaq (nasdaq.com)
- How Far Could United Technologies Fall? – Seeking Alpha (seekingalpha.com)
- Rothschild Investment Corp IL Has $1.01 Million Holdings in United Technologies Co. (UTX) (americanbankingnews.com)
- United Technologies Co. (UTX) Shares Sold by Godsey & Gibb Associates (americanbankingnews.com)
Several research analysts recently commented on UTX shares. Atlantic Securities upgraded shares of United Technologies from a “neutral” rating to an “overweight” rating in a report on Tuesday, December 5th. Goldman Sachs Group upgraded shares of United Technologies from a “neutral” rating to a “buy” rating in a report on Monday, January 8th. Robert W. Baird upgraded shares of United Technologies from a “neutral” rating to an “outperform” rating in a report on Friday, January 5th. Cowen restated a “hold” rating and set a $141.00 target price on shares of United Technologies in a report on Thursday, January 25th. Finally, Zacks Investment Research upgraded shares of United Technologies from a “hold” rating to a “buy” rating and set a $151.00 target price for the company in a report on Saturday, January 20th. Nine equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. United Technologies has a consensus rating of “Buy” and a consensus target price of $137.07.
United Technologies (NYSE:UTX) last posted its quarterly earnings results on Wednesday, January 24th. The conglomerate reported $1.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.56 by $0.04. United Technologies had a net margin of 7.61% and a return on equity of 17.35%. The firm had revenue of $15.68 billion for the quarter, compared to analyst estimates of $15.34 billion. During the same period in the prior year, the firm posted $1.56 earnings per share. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. sell-side analysts expect that United Technologies will post 7.04 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Saturday, March 10th. Shareholders of record on Friday, February 16th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 2.10%. The ex-dividend date is Thursday, February 15th. United Technologies’s dividend payout ratio (DPR) is currently 42.68%.
In other United Technologies news, VP Robert J. Bailey sold 419 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $133.73, for a total transaction of $56,032.87. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Robert J. Bailey sold 827 shares of the company’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $118.06, for a total transaction of $97,635.62. The disclosure for this sale can be found here. Insiders have sold 13,899 shares of company stock worth $1,714,061 over the last ninety days. Insiders own 0.16% of the company’s stock.
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.
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