United Technologies Corporation (UTX) Given Daily News Impact Score of 0.14
News stories about United Technologies Corporation (NYSE:UTX) have trended somewhat positive on Tuesday, Accern Sentiment Analysis reports. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. United Technologies Corporation earned a daily sentiment score of 0.14 on Accern’s scale. Accern also assigned media stories about the conglomerate an impact score of 43.8558623581686 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:
- The Wall Street Journal: United Technologies closing in on $20 billion deal for Rockwell (marketwatch.com)
- United Technologies Nearing $20 Billion Deal to Buy Rockwell Collins – TheStreet.com (thestreet.com)
- WSJ: United Technologies near $20B-plus deal to buy Rockwell Collins (seekingalpha.com)
- BRIEF-United Technologies nears deal to buy Rockwell Collins – CNBC, citing DJ (feeds.reuters.com)
- United Technologies Corporation (UTX) Given Buy Rating at Jefferies Group LLC (americanbankingnews.com)
United Technologies Corporation (NYSE UTX) traded up 2.92% during mid-day trading on Tuesday, hitting $118.70. 5,572,881 shares of the stock were exchanged. United Technologies Corporation has a 52-week low of $97.62 and a 52-week high of $124.79. The firm has a market cap of $94.81 billion, a price-to-earnings ratio of 18.08 and a beta of 1.06. The company has a 50 day moving average price of $119.55 and a 200 day moving average price of $117.36.
United Technologies Corporation (NYSE:UTX) last issued its quarterly earnings data on Tuesday, July 25th. The conglomerate reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.07. United Technologies Corporation had a net margin of 9.15% and a return on equity of 18.07%. The business had revenue of $15.28 billion for the quarter, compared to analysts’ expectations of $15.24 billion. During the same period in the previous year, the business earned $1.82 earnings per share. The company’s revenue was up 2.7% on a year-over-year basis. On average, analysts anticipate that United Technologies Corporation will post $6.58 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Sunday, September 10th. Investors of record on Friday, August 18th will be issued a dividend of $0.70 per share. This is a positive change from United Technologies Corporation’s previous quarterly dividend of $0.66. This represents a $2.80 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date of this dividend is Wednesday, August 16th. United Technologies Corporation’s payout ratio is presently 42.68%.
UTX has been the topic of a number of research analyst reports. Zacks Investment Research cut United Technologies Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. Cowen and Company reissued a “buy” rating and issued a $127.00 target price on shares of United Technologies Corporation in a research note on Tuesday, July 25th. BidaskClub cut United Technologies Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Morgan Stanley restated an “overweight” rating and issued a $138.00 price objective (up from $132.00) on shares of United Technologies Corporation in a report on Monday, July 10th. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $125.00 price objective on shares of United Technologies Corporation in a report on Friday, July 7th. Thirteen research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $123.95.
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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.
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