United Technologies Corporation (NYSE:UTX)‘s stock had its “buy” rating restated by equities research analysts at Cowen and Company in a report issued on Tuesday. They currently have a $127.00 price objective on the conglomerate’s stock. Cowen and Company’s price target indicates a potential upside of 15.87% from the stock’s previous close.

Several other equities analysts also recently commented on the stock. Vertical Research downgraded shares of United Technologies Corporation from a “buy” rating to a “hold” rating and set a $125.00 price target for the company. in a research note on Tuesday. Zacks Investment Research downgraded shares of United Technologies Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, June 20th. Credit Suisse Group reiterated a “buy” rating and set a $136.00 target price on shares of United Technologies Corporation in a research note on Wednesday, July 26th. BidaskClub downgraded shares of United Technologies Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Finally, Sanford C. Bernstein reiterated a “market perform” rating and set a $135.00 target price (up previously from $130.00) on shares of United Technologies Corporation in a research note on Friday, July 21st. Sixteen research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $124.48.

Shares of United Technologies Corporation (NYSE UTX) opened at 109.61 on Tuesday. United Technologies Corporation has a 12-month low of $97.62 and a 12-month high of $124.79. The firm’s 50-day moving average price is $118.02 and its 200-day moving average price is $117.68. The stock has a market cap of $87.55 billion, a price-to-earnings ratio of 16.70 and a beta of 1.05. United Technologies Corporation also was the target of unusually large options trading activity on Tuesday. Traders bought 10,614 put options on the stock. This represents an increase of approximately 563% compared to the typical volume of 1,600 put options.

United Technologies Corporation (NYSE:UTX) last posted its quarterly earnings results on Tuesday, July 25th. The conglomerate reported $1.85 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.78 by $0.07. The business had revenue of $15.28 billion during the quarter, compared to the consensus estimate of $15.24 billion. United Technologies Corporation had a net margin of 9.15% and a return on equity of 18.07%. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.82 earnings per share. On average, analysts forecast that United Technologies Corporation will post $6.58 EPS for the current fiscal year.

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Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of United Technologies Corporation by 1.6% in the second quarter. Vanguard Group Inc. now owns 54,813,285 shares of the conglomerate’s stock valued at $6,693,250,000 after buying an additional 848,623 shares during the last quarter. BlackRock Inc. raised its holdings in shares of United Technologies Corporation by 0.3% in the second quarter. BlackRock Inc. now owns 44,095,986 shares of the conglomerate’s stock valued at $5,384,561,000 after buying an additional 133,036 shares during the last quarter. FMR LLC raised its holdings in shares of United Technologies Corporation by 13.2% in the second quarter. FMR LLC now owns 20,590,579 shares of the conglomerate’s stock valued at $2,514,316,000 after buying an additional 2,401,795 shares during the last quarter. Capital Research Global Investors raised its holdings in shares of United Technologies Corporation by 3.6% in the second quarter. Capital Research Global Investors now owns 8,779,642 shares of the conglomerate’s stock valued at $1,072,082,000 after buying an additional 304,989 shares during the last quarter. Finally, Fisher Asset Management LLC raised its holdings in shares of United Technologies Corporation by 1.3% in the first quarter. Fisher Asset Management LLC now owns 8,535,397 shares of the conglomerate’s stock valued at $957,757,000 after buying an additional 106,552 shares during the last quarter. 78.85% of the stock is owned by institutional investors and hedge funds.

United Technologies Corporation 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.

Analyst Recommendations for United Technologies Corporation (NYSE:UTX)

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