United Technologies Co. (NYSE:UTX) – Equities research analysts at William Blair cut their Q3 2018 EPS estimates for shares of United Technologies in a research note issued to investors on Wednesday, April 25th. William Blair analyst N. Heymann now forecasts that the conglomerate will earn $1.79 per share for the quarter, down from their prior estimate of $1.85.

UTX has been the subject of a number of other reports. ValuEngine upgraded United Technologies from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Cowen reiterated a “hold” rating and issued a $141.00 target price on shares of United Technologies in a report on Thursday, January 25th. Stifel Nicolaus reiterated a “hold” rating and issued a $146.00 target price (up from $124.00) on shares of United Technologies in a report on Thursday, January 25th. Sanford C. Bernstein reiterated a “positive” rating and issued a $153.00 target price (up from $135.00) on shares of United Technologies in a report on Tuesday, January 30th. Finally, Zacks Investment Research lowered United Technologies from a “buy” rating to a “hold” rating in a report on Monday, January 22nd. Nine investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. United Technologies has a consensus rating of “Buy” and a consensus target price of $138.21.

UTX opened at $122.46 on Friday. United Technologies has a 52 week low of $109.10 and a 52 week high of $139.24. The firm has a market cap of $97,133.08, a PE ratio of 18.42, a PEG ratio of 1.82 and a beta of 1.08. The company has a quick ratio of 0.94, a current ratio of 1.32 and a debt-to-equity ratio of 0.77.

United Technologies (NYSE:UTX) last released its quarterly earnings results on Tuesday, April 24th. The conglomerate reported $1.77 EPS for the quarter, topping the consensus estimate of $1.51 by $0.26. United Technologies had a return on equity of 17.67% and a net margin of 7.28%. The business had revenue of $15.24 billion during the quarter, compared to analyst estimates of $14.62 billion. During the same period last year, the business posted $1.48 earnings per share. The company’s quarterly revenue was up 10.3% on a year-over-year basis.

In other United Technologies news, VP Robert J. Bailey sold 2,032 shares of United Technologies stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $134.95, for a total transaction of $274,218.40. Following the completion of the sale, the vice president now directly owns 4,900 shares of the company’s stock, valued at approximately $661,255. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Elizabeth B. Amato sold 6,557 shares of United Technologies stock in a transaction dated Thursday, April 26th. The stock was sold at an average price of $123.86, for a total value of $812,150.02. The disclosure for this sale can be found here. Insiders have sold a total of 9,008 shares of company stock valued at $1,142,401 over the last ninety days. 0.17% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in UTX. Beach Investment Management LLC. purchased a new stake in United Technologies during the 2nd quarter worth about $434,000. Bahl & Gaynor Inc. increased its position in shares of United Technologies by 7.5% during the second quarter. Bahl & Gaynor Inc. now owns 614,945 shares of the conglomerate’s stock worth $67,411,000 after purchasing an additional 43,071 shares in the last quarter. Bruderman Asset Management LLC acquired a new stake in shares of United Technologies during the second quarter worth about $706,000. Richard C. Young & CO. LTD. increased its position in shares of United Technologies by 41.0% during the second quarter. Richard C. Young & CO. LTD. now owns 10,898 shares of the conglomerate’s stock worth $1,331,000 after purchasing an additional 3,167 shares in the last quarter. Finally, BlackRock Inc. increased its position in shares of United Technologies by 0.3% during the second quarter. BlackRock Inc. now owns 44,095,986 shares of the conglomerate’s stock worth $5,384,561,000 after purchasing an additional 133,036 shares in the last quarter. 81.88% of the stock is owned by institutional investors.

United Technologies Company Profile

United Technologies Corporation provides technology products and services to building systems and aerospace industries worldwide. Its Otis segment designs, manufactures, sells, and installs passenger and freight elevators, escalators, and moving walkways; and offers modernization products to upgrade elevators and escalators, as well as maintenance and repair services.

Earnings History and Estimates for United Technologies (NYSE:UTX)

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