United Technologies (NYSE:UTX)‘s stock had its “hold” rating reissued by research analysts at Cowen in a note issued to investors on Sunday. They currently have a $141.00 price objective on the conglomerate’s stock. Cowen’s target price points to a potential upside of 12.77% from the company’s current price.

A number of other equities research analysts also recently commented on UTX. Argus raised shares of United Technologies from a “hold” rating to a “buy” rating in a research report on Friday. Sanford C. Bernstein reiterated a “positive” rating and set a $153.00 price target (up previously from $135.00) on shares of United Technologies in a research note on Tuesday, January 30th. Stifel Nicolaus reiterated a “hold” rating and set a $146.00 price target (up previously from $124.00) on shares of United Technologies in a research note on Thursday, January 25th. ValuEngine upgraded shares of United Technologies from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, UBS Group assumed coverage on shares of United Technologies in a research note on Tuesday, January 23rd. They set a “buy” rating and a $158.00 price target on the stock. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $136.15.

United Technologies (NYSE:UTX) traded down $2.45 during trading hours on Friday, reaching $125.03. 12,060,398 shares of the company’s stock were exchanged, compared to its average volume of 4,880,000. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.94 and a current ratio of 1.35. United Technologies has a fifty-two week low of $107.05 and a fifty-two week high of $139.24. The company has a market cap of $99,850.00, a P/E ratio of 21.94, a PEG ratio of 2.12 and a beta of 1.08.

United Technologies (NYSE:UTX) last posted its earnings results on Wednesday, January 24th. The conglomerate reported $1.60 EPS for the quarter, topping analysts’ consensus estimates of $1.56 by $0.04. United Technologies had a net margin of 7.61% and a return on equity of 17.35%. The business had revenue of $15.68 billion during the quarter, compared to the consensus estimate of $15.34 billion. During the same quarter in the previous year, the firm posted $1.56 EPS. The firm’s revenue was up 7.0% on a year-over-year basis. equities analysts predict that United Technologies will post 7.01 earnings per share for the current year.

In related news, VP Robert J. Bailey sold 864 shares of United Technologies stock in a transaction on Friday, December 15th. The shares were sold at an average price of $126.01, for a total transaction of $108,872.64. Following the transaction, the vice president now owns 2,000 shares in the company, valued at approximately $252,020. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Akhil Johri sold 5,979 shares of United Technologies stock in a transaction on Friday, December 1st. The shares were sold at an average price of $121.03, for a total transaction of $723,638.37. Following the transaction, the vice president now owns 23,295 shares in the company, valued at approximately $2,819,393.85. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,480 shares of company stock worth $1,658,028. 0.16% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. First Republic Investment Management Inc. increased its holdings in United Technologies by 3.4% in the 4th quarter. First Republic Investment Management Inc. now owns 815,376 shares of the conglomerate’s stock valued at $104,017,000 after acquiring an additional 26,586 shares during the last quarter. Alexandria Capital LLC increased its holdings in United Technologies by 993.0% in the 4th quarter. Alexandria Capital LLC now owns 11,815 shares of the conglomerate’s stock valued at $1,508,000 after acquiring an additional 10,734 shares during the last quarter. Timber Hill LLC increased its holdings in United Technologies by 522.4% in the 4th quarter. Timber Hill LLC now owns 13,692 shares of the conglomerate’s stock valued at $1,747,000 after acquiring an additional 11,492 shares during the last quarter. Alpha Cubed Investments LLC increased its holdings in United Technologies by 9.4% in the 4th quarter. Alpha Cubed Investments LLC now owns 132,625 shares of the conglomerate’s stock valued at $16,919,000 after acquiring an additional 11,449 shares during the last quarter. Finally, GM Advisory Group Inc. bought a new stake in United Technologies in the 4th quarter valued at $252,000. Institutional investors own 80.01% of the company’s stock.

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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.

Analyst Recommendations for United Technologies (NYSE:UTX)

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