United Technologies Corporation (UTX) Receiving Somewhat Favorable Media Coverage, Analysis Shows
News coverage about United Technologies Corporation (NYSE:UTX) has trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. United Technologies Corporation earned a daily sentiment score of 0.19 on Accern’s scale. Accern also assigned news stories about the conglomerate an impact score of 46.8308479905832 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the media headlines that may have impacted Accern Sentiment’s scoring:
- United Technologies Corporation (UTX) Rating Reiterated by Royal Bank Of Canada (americanbankingnews.com)
- Inc. Lowers Position in United Technologies Corporation (UTX) (trikkles.com)
- BidaskClub Downgrades United Technologies Corporation (NYSE:UTX) to Sell (iphonefresh.com)
- [$$] UT-Rockwell Deal? (finance.yahoo.com)
- Allen Investment Management LLC Buys 1438 Shares of United Technologies Corporation (UTX) (fishinghd.com)
Several equities analysts have recently commented on the stock. Royal Bank Of Canada restated a “hold” rating and set a $125.00 price target on shares of United Technologies Corporation in a report on Sunday. BidaskClub upgraded shares of United Technologies Corporation from a “sell” rating to a “hold” rating in a report on Monday, August 7th. Jefferies Group LLC restated a “buy” rating on shares of United Technologies Corporation in a report on Thursday, July 27th. Credit Suisse Group restated a “buy” rating and set a $136.00 price target on shares of United Technologies Corporation in a report on Wednesday, July 26th. Finally, Cowen and Company restated a “buy” rating and set a $127.00 price target on shares of United Technologies Corporation in a report on Tuesday, July 25th. Thirteen analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $123.54.
United Technologies Corporation (NYSE:UTX) traded up 0.22% during midday trading on Monday, reaching $117.15. 1,856,033 shares of the company’s 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 50-day moving average price of $121.04 and a 200 day moving average price of $117.04. The company has a market cap of $93.58 billion, a price-to-earnings ratio of 17.84 and a beta of 1.06.
United Technologies Corporation (NYSE:UTX) last announced its quarterly earnings data on Tuesday, July 25th. The conglomerate reported $1.85 EPS 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 company had revenue of $15.28 billion during the quarter, compared to the consensus estimate of $15.24 billion. During the same quarter last year, the firm posted $1.82 EPS. The company’s quarterly revenue was up 2.7% on a year-over-year basis. Analysts anticipate that United Technologies Corporation will post $6.58 EPS for the current 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 given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date is Wednesday, August 16th. This is an increase from United Technologies Corporation’s previous quarterly dividend of $0.66. United Technologies Corporation’s dividend payout ratio (DPR) is 40.24%.
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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