William Blair reiterated their hold rating on shares of United Technologies (NYSE:UTX) in a report issued on Monday, TipRanks reports.

A number of other research analysts also recently commented on UTX. Zacks Investment Research raised United Technologies from a hold rating to a buy rating and set a $141.00 price target for the company in a report on Wednesday, March 27th. Royal Bank of Canada reaffirmed a sector perform rating and set a $159.00 target price on shares of United Technologies in a report on Wednesday, April 24th. Morgan Stanley increased their target price on United Technologies from $155.00 to $164.00 and gave the stock an overweight rating in a report on Monday, May 20th. JPMorgan Chase & Co. assumed coverage on United Technologies in a report on Friday, February 22nd. They set an overweight rating and a $132.00 target price on the stock. Finally, Seaport Global Securities raised United Technologies from a neutral rating to a buy rating and set a $165.00 target price on the stock in a report on Monday. Six equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of Buy and a consensus price target of $150.23.

Shares of UTX opened at $124.07 on Monday. The stock has a market capitalization of $113.95 billion, a P/E ratio of 16.30, a price-to-earnings-growth ratio of 1.88 and a beta of 1.26. United Technologies has a one year low of $100.48 and a one year high of $144.40. The company has a quick ratio of 0.79, a current ratio of 1.13 and a debt-to-equity ratio of 0.98.

United Technologies (NYSE:UTX) last issued its quarterly earnings results on Tuesday, April 23rd. The conglomerate reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.71 by $0.20. The firm had revenue of $18.37 billion during the quarter, compared to the consensus estimate of $18.01 billion. United Technologies had a return on equity of 17.02% and a net margin of 7.64%. United Technologies’s revenue for the quarter was up 20.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.77 earnings per share. On average, research analysts anticipate that United Technologies will post 7.97 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Friday, August 16th will be issued a dividend of $0.735 per share. This represents a $2.94 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date of this dividend is Thursday, August 15th. United Technologies’s dividend payout ratio is presently 38.63%.

In other United Technologies news, VP Robert J. Bailey sold 1,418 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $126.20, for a total transaction of $178,951.60. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.15% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in UTX. MV Capital Management Inc. lifted its holdings in shares of United Technologies by 4.2% in the 1st quarter. MV Capital Management Inc. now owns 1,846 shares of the conglomerate’s stock worth $238,000 after purchasing an additional 75 shares during the last quarter. Riggs Asset Managment Co. Inc. lifted its holdings in shares of United Technologies by 7.5% in the 1st quarter. Riggs Asset Managment Co. Inc. now owns 1,074 shares of the conglomerate’s stock worth $138,000 after purchasing an additional 75 shares during the last quarter. Ashfield Capital Partners LLC lifted its holdings in shares of United Technologies by 0.5% in the 1st quarter. Ashfield Capital Partners LLC now owns 16,594 shares of the conglomerate’s stock worth $2,139,000 after purchasing an additional 77 shares during the last quarter. Smith Moore & CO. lifted its holdings in shares of United Technologies by 1.2% in the 1st quarter. Smith Moore & CO. now owns 6,454 shares of the conglomerate’s stock worth $832,000 after purchasing an additional 78 shares during the last quarter. Finally, Point View Wealth Management Inc. lifted its holdings in shares of United Technologies by 2.4% in the 4th quarter. Point View Wealth Management Inc. now owns 3,600 shares of the conglomerate’s stock worth $383,000 after purchasing an additional 85 shares during the last quarter. 80.67% of the stock is currently owned by institutional investors.

About United Technologies

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.

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Analyst Recommendations for United Technologies (NYSE:UTX)

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