Somewhat Positive News Coverage Likely to Affect United Technologies Corporation (UTX) Stock Price

Press coverage about United Technologies Corporation (NYSE:UTX) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group rates the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. United Technologies Corporation earned a news impact score of 0.21 on Accern’s scale. Accern also assigned press coverage about the conglomerate an impact score of 80 out of 100, meaning that recent news coverage is likely to have an impact on the stock’s share price in the immediate future.

Here are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:

A number of research analysts have commented on the company. BidaskClub raised United Technologies Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 30th. Vetr lowered United Technologies Corporation from a “hold” rating to a “sell” rating and set a $108.06 price objective on the stock. in a report on Monday, March 27th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $132.00 price objective (up from $126.00) on shares of United Technologies Corporation in a report on Thursday, April 27th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $125.00 price objective on shares of United Technologies Corporation in a report on Friday, June 2nd. Finally, Deutsche Bank AG increased their target price on United Technologies Corporation from $115.00 to $120.00 and gave the stock a “hold” rating in a report on Friday, April 28th. Eleven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. United Technologies Corporation has an average rating of “Hold” and an average target price of $122.60.

United Technologies Corporation (UTX) opened at 123.11 on Tuesday. The firm has a 50-day moving average price of $121.16 and a 200 day moving average price of $114.71. The company has a market capitalization of $98.64 billion, a P/E ratio of 19.17 and a beta of 1.07. United Technologies Corporation has a 52-week low of $97.62 and a 52-week high of $124.79.

United Technologies Corporation (NYSE:UTX) last posted its earnings results on Wednesday, April 26th. The conglomerate reported $1.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.39 by $0.09. United Technologies Corporation had a return on equity of 18.10% and a net margin of 9.10%. The business had revenue of $13.82 billion during the quarter, compared to analysts’ expectations of $13.50 billion. During the same period in the previous year, the business earned $1.47 earnings per share. The firm’s revenue was up 3.4% on a year-over-year basis. On average, analysts predict that United Technologies Corporation will post $6.58 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, September 10th. Stockholders of record on Friday, August 18th will be issued a $0.70 dividend. This is a boost from United Technologies Corporation’s previous quarterly dividend of $0.66. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date is Wednesday, August 16th. United Technologies Corporation’s dividend payout ratio is presently 41.19%.

In other news, VP Robert J. Bailey sold 2,702 shares of the company’s stock in a transaction dated Wednesday, May 3rd. The stock was sold at an average price of $119.53, for a total value of $322,970.06. Following the completion of the transaction, the vice president now directly owns 5,000 shares in the company, valued at approximately $597,650. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Philippe Delpech sold 7,696 shares of the company’s stock in a transaction dated Wednesday, May 3rd. The stock was sold at an average price of $120.32, for a total value of $925,982.72. Following the completion of the transaction, the insider now owns 63,621 shares of the company’s stock, valued at $7,654,878.72. The disclosure for this sale can be found here. 0.16% of the stock is currently owned by corporate insiders.

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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.

Insider Buying and Selling by Quarter for United Technologies Corporation (NYSE:UTX)

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