Several analysts have recently updated their ratings and price targets for United Technologies Corporation (NYSE: UTX):

  • 8/7/2017 – United Technologies Corporation was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 8/1/2017 – United Technologies Corporation was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/27/2017 – United Technologies Corporation had its “buy” rating reaffirmed by analysts at Jefferies Group LLC.
  • 7/26/2017 – United Technologies Corporation had its “buy” rating reaffirmed by analysts at Credit Suisse Group. They now have a $136.00 price target on the stock.
  • 7/25/2017 – United Technologies Corporation had its “buy” rating reaffirmed by analysts at Cowen and Company. They now have a $127.00 price target on the stock. They wrote, “Investors should be neutral/positive to mixed Q2 ops, strong cash flow and raised.””
  • 7/21/2017 – United Technologies Corporation had its “market perform” rating reaffirmed by analysts at Sanford C. Bernstein. They now have a $135.00 price target on the stock, up previously from $130.00.
  • 7/19/2017 – United Technologies Corporation was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/13/2017 – United Technologies Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “United Technologies outperformed the Zacks categorized Diversified Operations industry year to date. Management also reaffirmed its guidance for 2017 on favorable growth dynamics. The business mix and diversification allows the company to deliver consistent earnings and dividend growth. The company is focused on revamping its aerospace unit to overhaul the organizational structure and accelerate inorganic growth through potential acquisition opportunities. However, United Technologies is exposed to market price volatility and availability risks related to raw materials, which hamper its ability to meet delivery schedules and increase operating costs. The company is susceptible to high operating risks following the Brexit referendum. Fluctuations in foreign currency exchange rates also affect the company’s net investment in foreign subsidiaries and cause instability in cash flows related to foreign denominated transactions.”
  • 7/10/2017 – United Technologies Corporation had its price target raised by analysts at UBS AG to $135.00. They now have a “buy” rating on the stock.
  • 7/10/2017 – United Technologies Corporation had its “overweight” rating reaffirmed by analysts at Morgan Stanley. They now have a $138.00 price target on the stock, up previously from $132.00.
  • 7/7/2017 – United Technologies Corporation had its “hold” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $125.00 price target on the stock.
  • 7/7/2017 – United Technologies Corporation had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $126.00 price target on the stock.
  • 6/30/2017 – United Technologies Corporation was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 6/23/2017 – United Technologies Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $136.00 price target on the stock. According to Zacks, “United Technologies outperformed the Zacks categorized Diversified Operations industry in the last three months. Management also reaffirmed its guidance for 2017 on favorable growth dynamics. The business mix and diversification allows the company to deliver consistent earnings and dividend growth. The company is focused on revamping its aerospace unit to overhaul the organizational structure and accelerate inorganic growth through potential acquisition opportunities. United Technologies anticipates that the streamlined organizational set-up would enable it to better serve its customers. The company has an experienced management team and is likely to capitalize on the continued global economic recovery and deliver sustainable earnings growth in future. However, United Technologies is exposed to market price volatility and availability risks related to raw materials, which hamper its ability to meet delivery schedules and increase operating costs.”
  • 6/22/2017 – United Technologies Corporation had its “overweight” rating reaffirmed by analysts at Morgan Stanley. They now have a $132.00 price target on the stock, up previously from $128.00.
  • 6/20/2017 – United Technologies Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “United Technologies outperformed the Zacks categorized Diversified Operations industry in the last three months. Management also reaffirmed its guidance for 2017 on favorable growth dynamics. The business mix and diversification allows the company to deliver consistent earnings and dividend growth. The company is focused on revamping its aerospace unit to overhaul the organizational structure and accelerate inorganic growth through potential acquisition opportunities. However, United Technologies is exposed to market price volatility and availability risks related to raw materials, which hamper its ability to meet delivery schedules and increase operating costs. With over 8,000 employees, the company also has a considerable presence in the U.K. Consequently, the company is susceptible to high operating risks following the Brexit referendum.”
  • 6/14/2017 – United Technologies Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. They now have a $134.00 price target on the stock. According to Zacks, “United Technologies is likely to capitalize on the continued global economic recovery and deliver sustainable earnings growth in future. Management also reaffirmed its guidance for 2017 on favourable growth dynamics. The company managed to outperform the industry year to date and is focused on revamping its aerospace unit to overhaul the organizational structure and accelerate inorganic growth through strategic acquisition opportunities. However, the company is exposed to market price volatility and availability risks related to raw materials, which hamper its ability to meet delivery schedules and increase operating costs. The U.S. government’s tight budgetary allocation for defense is further likely to have an adverse impact on its financial performance. The company is also susceptible to high operating risks following the Brexit referendum due to significant presence in the U.K.”
  • 6/12/2017 – United Technologies Corporation is now covered by analysts at HSBC Holdings plc. They set a “hold” rating and a $125.00 price target on the stock.

Shares of United Technologies Corporation (UTX) traded down 0.38% during midday trading on Thursday, reaching $116.76. 3,158,445 shares of the company’s stock were exchanged. United Technologies Corporation has a 12 month low of $97.62 and a 12 month high of $124.79. The company has a market cap of $93.26 billion, a P/E ratio of 17.79 and a beta of 1.06. The firm has a 50 day moving average price of $121.48 and a 200 day moving average price of $116.87.

United Technologies Corporation (NYSE:UTX) last announced its quarterly earnings results on Tuesday, July 25th. The conglomerate reported $1.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.78 by $0.07. United Technologies Corporation had a return on equity of 18.07% and a net margin of 9.15%. The firm had revenue of $15.28 billion for the quarter, compared to analysts’ expectations of $15.24 billion. During the same period in the prior year, the business posted $1.82 earnings per share. The company’s revenue was up 2.7% on a year-over-year basis. Equities research analysts forecast that United Technologies Corporation will post $6.58 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Sunday, September 10th. Stockholders of record on Friday, August 18th will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Wednesday, August 16th. This is a boost from United Technologies Corporation’s previous quarterly dividend of $0.66. This represents a $2.80 annualized dividend and a dividend yield of 2.40%. United Technologies Corporation’s dividend payout ratio is currently 40.24%.

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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