United Technologies (NYSE:UTX) Given Buy Rating at Cowen

Cowen restated their buy rating on shares of United Technologies (NYSE:UTX) in a research note released on Wednesday, AnalystRatings.com reports. They currently have a $169.00 target price on the conglomerate’s stock.

UTX has been the topic of several other reports. Credit Suisse Group set a $162.00 price target on shares of United Technologies and gave the stock a buy rating in a research report on Friday, October 25th. UBS Group boosted their price target on shares of United Technologies from $157.00 to $170.00 and gave the stock a buy rating in a research report on Wednesday, January 15th. JPMorgan Chase & Co. boosted their price target on shares of United Technologies from $150.00 to $155.00 and gave the stock an overweight rating in a research report on Thursday, October 10th. Finally, Zacks Investment Research upgraded shares of United Technologies from a hold rating to a buy rating and set a $155.00 price target on the stock in a research report on Thursday, November 28th. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of $160.79.

Shares of United Technologies stock opened at $153.19 on Wednesday. The company has a current ratio of 1.06, a quick ratio of 0.75 and a debt-to-equity ratio of 0.93. The company’s 50-day moving average price is $150.89 and its two-hundred day moving average price is $140.18. United Technologies has a 52 week low of $113.77 and a 52 week high of $155.53. The stock has a market cap of $132.77 billion, a PE ratio of 25.88, a price-to-earnings-growth ratio of 2.01 and a beta of 1.22.

In other United Technologies news, EVP Michael R. Dumais sold 6,554 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $145.91, for a total transaction of $956,294.14. Following the sale, the executive vice president now owns 37,173 shares in the company, valued at approximately $5,423,912.43. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Robert F. Leduc sold 33,175 shares of the business’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $147.01, for a total value of $4,877,056.75. Following the sale, the insider now owns 96,270 shares in the company, valued at approximately $14,152,652.70. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 69,015 shares of company stock worth $10,163,321. Corporate insiders own 0.15% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Truewealth LLC increased its holdings in shares of United Technologies by 4.2% in the 4th quarter. Truewealth LLC now owns 1,614 shares of the conglomerate’s stock valued at $242,000 after purchasing an additional 65 shares during the period. Patriot Financial Group Insurance Agency LLC grew its stake in shares of United Technologies by 2.2% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 3,277 shares of the conglomerate’s stock valued at $447,000 after buying an additional 71 shares in the last quarter. Eads & Heald Wealth Management grew its stake in shares of United Technologies by 0.5% in the 3rd quarter. Eads & Heald Wealth Management now owns 14,267 shares of the conglomerate’s stock valued at $1,948,000 after buying an additional 72 shares in the last quarter. Landmark Bank grew its stake in shares of United Technologies by 0.4% in the 3rd quarter. Landmark Bank now owns 19,465 shares of the conglomerate’s stock valued at $2,658,000 after buying an additional 78 shares in the last quarter. Finally, Weatherly Asset Management L. P. grew its stake in shares of United Technologies by 2.4% in the 4th quarter. Weatherly Asset Management L. P. now owns 3,268 shares of the conglomerate’s stock valued at $489,000 after buying an additional 78 shares in the last quarter. Hedge funds and other institutional investors own 80.91% of the company’s stock.

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.

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Analyst Recommendations for United Technologies (NYSE:UTX)

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