Traders Sell United Technologies Corporation (UTX) on Strength (UTX)

Investors sold shares of United Technologies Corporation (NYSE:UTX) on strength during trading on Tuesday. $56.21 million flowed into the stock on the tick-up and $79.36 million flowed out of the stock on the tick-down, for a money net flow of $23.15 million out of the stock. Of all stocks tracked, United Technologies Corporation had the 0th highest net out-flow for the day. United Technologies Corporation traded up $1.73 for the day and closed at $118.80

Several analysts have recently issued reports on UTX shares. Zacks Investment Research raised shares of United Technologies Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, October 26th. Jefferies Group LLC reissued a “buy” rating on shares of United Technologies Corporation in a research report on Thursday, July 27th. Cowen and Company reissued a “buy” rating and issued a $127.00 price target on shares of United Technologies Corporation in a research report on Tuesday, September 5th. Credit Suisse Group reissued a “neutral” rating on shares of United Technologies Corporation in a research report on Friday, September 1st. Finally, BidaskClub lowered shares of United Technologies Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Fourteen research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $125.15.

The company has a debt-to-equity ratio of 0.76, a current ratio of 1.31 and a quick ratio of 0.91. The stock has a market capitalization of $95,000.00, a P/E ratio of 17.84, a P/E/G ratio of 2.13 and a beta of 1.07.

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

The business also recently declared a quarterly dividend, which will be paid on Sunday, December 10th. Shareholders of record on Friday, November 17th will be paid a $0.70 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $2.80 dividend on an annualized basis and a yield of 2.36%. United Technologies Corporation’s dividend payout ratio is presently 43.34%.

In other United Technologies Corporation news, EVP Michael R. Dumais sold 2,986 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $120.98, for a total value of $361,246.28. Following the completion of the transaction, the executive vice president now owns 27,548 shares of the company’s stock, valued at approximately $3,332,757.04. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.16% of the stock is owned by insiders.

Several institutional investors have recently made changes to their positions in the company. Point72 Asset Management L.P. boosted its stake in shares of United Technologies Corporation by 57.4% in the 3rd quarter. Point72 Asset Management L.P. now owns 1,066,269 shares of the conglomerate’s stock valued at $123,773,000 after purchasing an additional 388,725 shares in the last quarter. Foyston Gordon & Payne Inc boosted its stake in shares of United Technologies Corporation by 35.9% in the 3rd quarter. Foyston Gordon & Payne Inc now owns 168,388 shares of the conglomerate’s stock valued at $19,546,000 after purchasing an additional 44,502 shares in the last quarter. Laurel Wealth Advisors Inc. boosted its stake in shares of United Technologies Corporation by 21.1% in the 3rd quarter. Laurel Wealth Advisors Inc. now owns 7,197 shares of the conglomerate’s stock valued at $835,000 after purchasing an additional 1,254 shares in the last quarter. Birch Hill Investment Advisors LLC boosted its stake in shares of United Technologies Corporation by 0.8% in the 3rd quarter. Birch Hill Investment Advisors LLC now owns 149,495 shares of the conglomerate’s stock valued at $17,353,000 after purchasing an additional 1,125 shares in the last quarter. Finally, Madison Investment Holdings Inc. boosted its stake in shares of United Technologies Corporation by 21.3% in the 3rd quarter. Madison Investment Holdings Inc. now owns 215,802 shares of the conglomerate’s stock valued at $25,050,000 after purchasing an additional 37,853 shares in the last quarter. 78.80% of the stock is owned by institutional investors.

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About United Technologies Corporation

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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