United Technologies (UTX) Getting Somewhat Favorable Media Coverage, Analysis Finds
News headlines about United Technologies (NYSE:UTX) have been trending somewhat positive on Thursday, Accern Sentiment reports. The research group rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. United Technologies earned a media sentiment score of 0.20 on Accern’s scale. Accern also gave news articles about the conglomerate an impact score of 44.8187730381203 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the media stories that may have impacted Accern’s rankings:
- Pratt & Whitney Geared Turbofan™ Engine Selected to Power Delta Air Lines Order of 100 A321neo Aircraft (finance.yahoo.com)
- One Put, One Call Option To Know About for United Technologies Corp (stockoptionschannel.com)
- United Technologies Stock Nears Major Breakout (finance.yahoo.com)
- Enlightened Lighting: UTC Aerospace Systems Unveils Longer-Lasting, More Reliable A320 Wing Navigation Lights (finance.yahoo.com)
- United Technologies Corporation (UTX) Titivates on Volatility and Performance Measure – Stock News Stop (stockmarketstop.com)
Shares of United Technologies (NYSE:UTX) traded up $0.82 during midday trading on Thursday, hitting $124.30. The stock had a trading volume of 5,207,000 shares, compared to its average volume of 3,049,870. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.91 and a current ratio of 1.31. The firm has a market cap of $98,607.42, a price-to-earnings ratio of 18.65, a price-to-earnings-growth ratio of 2.22 and a beta of 1.07. United Technologies has a fifty-two week low of $106.85 and a fifty-two week high of $124.79.
United Technologies (NYSE:UTX) last issued its quarterly earnings data on Tuesday, October 24th. The conglomerate reported $1.73 EPS for the quarter, beating the Zacks’ consensus estimate of $1.68 by $0.05. The business had revenue of $15.06 billion for the quarter, compared to analyst estimates of $14.99 billion. United Technologies had a return on equity of 17.66% and a net margin of 8.79%. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.76 EPS. analysts predict that United Technologies will post 6.61 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Sunday, December 10th. Stockholders of record on Friday, November 17th were issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date was Thursday, November 16th. United Technologies’s dividend payout ratio is 43.41%.
UTX has been the topic of several research reports. Zacks Investment Research raised United Technologies from a “sell” rating to a “hold” rating in a research report on Thursday, October 26th. Cowen reaffirmed a “buy” rating and issued a $127.00 target price on shares of United Technologies in a research report on Tuesday, September 5th. Credit Suisse Group reaffirmed a “neutral” rating on shares of United Technologies in a research report on Friday, September 1st. Jefferies Group reaffirmed a “buy” rating and issued a $139.00 target price on shares of United Technologies in a research report on Tuesday, August 29th. Finally, Royal Bank of Canada set a $126.00 target price on United Technologies and gave the stock a “hold” rating in a research report on Sunday, November 12th. Fourteen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $125.63.
In other United Technologies news, VP Robert J. Bailey sold 833 shares of the firm’s stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $122.66, for a total value of $102,175.78. Following the sale, the vice president now owns 2,000 shares of the company’s stock, valued at approximately $245,320. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Michael R. Dumais sold 2,986 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $120.98, for a total value of $361,246.28. Following the completion of the sale, the executive vice president now directly owns 27,548 shares in the company, valued at approximately $3,332,757.04. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,625 shares of company stock worth $1,284,696. 0.16% of the stock is currently owned by insiders.
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United Technologies Company Profile
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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