United Technologies Co. (NYSE:UTX) VP Robert J. Bailey sold 864 shares of the firm’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $126.01, for a total transaction of $108,872.64. Following the sale, the vice president now owns 2,000 shares of the company’s stock, valued at approximately $252,020. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

United Technologies Co. (NYSE:UTX) traded up $0.22 during mid-day trading on Thursday, hitting $127.00. 3,270,800 shares of the stock were exchanged, compared to its average volume of 3,070,754. The company has a market capitalization of $101,242.70, a price-to-earnings ratio of 19.15, a P/E/G ratio of 2.28 and a beta of 1.07. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.31 and a quick ratio of 0.91. United Technologies Co. has a one year low of $106.85 and a one year high of $127.89.

United Technologies (NYSE:UTX) last announced its earnings results on Tuesday, October 24th. The conglomerate reported $1.73 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.05. The business had revenue of $15.06 billion for the quarter, compared to the consensus estimate of $14.99 billion. United Technologies had a net margin of 8.79% and a return on equity of 17.66%. United Technologies’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period last year, the firm posted $1.76 earnings per share. analysts anticipate that United Technologies Co. will post 6.61 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Sunday, December 10th. Investors of record on Friday, November 17th were paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date of this dividend was Thursday, November 16th. United Technologies’s dividend payout ratio is currently 43.41%.

A number of institutional investors and hedge funds have recently made changes to their positions in UTX. Goelzer Investment Management Inc. raised its stake in shares of United Technologies by 0.3% during the first quarter. Goelzer Investment Management Inc. now owns 48,204 shares of the conglomerate’s stock worth $5,409,000 after acquiring an additional 138 shares in the last quarter. Lincoln National Corp raised its stake in shares of United Technologies by 102.1% during the first quarter. Lincoln National Corp now owns 4,961 shares of the conglomerate’s stock worth $557,000 after acquiring an additional 2,506 shares in the last quarter. Thomaspartners Inc. raised its stake in shares of United Technologies by 9.1% during the first quarter. Thomaspartners Inc. now owns 2,401,311 shares of the conglomerate’s stock worth $269,451,000 after acquiring an additional 200,659 shares in the last quarter. Karp Capital Management Corp purchased a new position in shares of United Technologies during the first quarter worth approximately $40,211,000. Finally, Capital Analysts LLC increased its stake in shares of United Technologies by 9.0% in the first quarter. Capital Analysts LLC now owns 8,700 shares of the conglomerate’s stock worth $976,000 after buying an additional 718 shares during the period. 80.07% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts recently issued reports on the stock. Atlantic Securities upgraded shares of United Technologies from a “neutral” rating to an “overweight” rating in a report on Tuesday, December 5th. Royal Bank of Canada set a $126.00 target price on shares of United Technologies and gave the stock a “hold” rating in a research report on Sunday, November 12th. Cowen reiterated a “hold” rating and set a $120.00 target price on shares of United Technologies in a research report on Friday, November 10th. Zacks Investment Research upgraded shares of United Technologies from a “sell” rating to a “hold” rating in a research report on Thursday, October 26th. Finally, Stifel Nicolaus increased their target price on shares of United Technologies from $122.00 to $124.00 and gave the stock a “hold” rating in a research report on Wednesday, October 25th. Fourteen investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $125.63.

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About United Technologies

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 (NYSE:UTX)

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