Today’s Stock On Watch: Sentiment Report: United Technologies Corp (NYSE:UTX)

November 24, 2016 - By Peter Erickson   ·   0 Comments

Today's Stock On Watch: Sentiment Report: United Technologies Corp (NYSE:UTX)

Sentiment for United Technologies Corp (NYSE:UTX)

United Technologies Corp (NYSE:UTX) institutional sentiment increased to 1.06 in 2016 Q2. Its up 0.08, from 0.98 in 2016Q1. The ratio is positive, as 573 funds started new or increased equity positions, while 582 trimmed and sold equity positions in United Technologies Corp. The funds in our partner’s database now own: 655.21 million shares, down from 679.78 million shares in 2016Q1. Also, the number of funds holding United Technologies Corp in their top 10 equity positions was flat from 48 to 48 for the same number . Sold All: 65 Reduced: 517 Increased: 482 New Position: 91.

United Technologies Corporation is engaged in providing high technology services and products to the building systems and aerospace industries around the world. The company has a market cap of $89.09 billion. The Firm operates through four divisions: Otis; UTC Climate, Controls & Security; Pratt & Whitney, and UTC Aerospace Systems. It has a 23.72 P/E ratio. The Company’s Otis segment designs, makes, sells and installs a range of passenger and freight elevators, as well as a line of escalators and moving walkways.

The stock increased 1.09% or $1.17 on November 23, hitting $108.11. About 2.38M shares traded hands. United Technologies Corporation (NYSE:UTX) has risen 2.28% since April 22, 2016 and is uptrending. It has underperformed by 3.13% the S&P500.

Analysts await United Technologies Corporation (NYSE:UTX) to report earnings on January, 25. They expect $1.58 earnings per share, up 3.27% or $0.05 from last year’s $1.53 per share. UTX’s profit will be $1.30 billion for 17.11 P/E if the $1.58 EPS becomes a reality. After $1.76 actual earnings per share reported by United Technologies Corporation for the previous quarter, Wall Street now forecasts -10.23% negative EPS growth.

According to Zacks Investment Research, “United Technologies Corporation provides a broad range of high technology products and services to the building systems and aerospace industries. Those products include Pratt & Whitney aircraft engines, space propulsion systems and industrial gas turbines; Carrier heating, air conditioning and refrigeration; Otis elevator, escalator and people movers; Hamilton Sundstrand aerospace and industrial products; Sikorsky helicopters and International Fuel Cells power systems. (Company Press Release)”

Csu Producer Resources Inc. holds 9.71% of its portfolio in United Technologies Corporation for 15,000 shares. Meritage Group Lp owns 3.11 million shares or 8.29% of their US portfolio. Moreover, Southeastern Asset Management Inc Tn has 6.98% invested in the company for 6.67 million shares. The Singapore-based Seatown Holdings Pte. Ltd. has invested 6.02% in the stock. First Pacific Advisors Llc, a California-based fund reported 6.86 million shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 8 insider sales for $9.16 million net activity.

United Technologies Corporation (NYSE:UTX) Ratings Coverage

Ratings analysis reveals 37% of United Technologies Corporation’s analysts are positive. Out of 19 Wall Street analysts rating United Technologies Corporation, 7 give it “Buy”, 0 “Sell” rating, while 12 recommend “Hold”. The lowest target is $100 while the high is $134. The stock’s average target of $111.53 is 3.16% above today’s ($108.11) share price. UTX was included in 38 notes of analysts from July 21, 2015. S&P Research upgraded the stock to “Buy” rating in Tuesday, July 21 report. Citigroup maintained United Technologies Corporation (NYSE:UTX) rating on Wednesday, October 21. Citigroup has “Buy” rating and $115 price target. The rating was maintained by Credit Suisse with “Neutral” on Monday, November 16. The company was downgraded on Friday, January 8 by Bernstein. The rating was downgraded by RBC Capital Markets to “Sector Perform” on Tuesday, October 13. The firm has “Neutral” rating given on Monday, May 2 by Goldman Sachs. Liberum Capital initiated the shares of UTX in a report on Tuesday, December 1 with “Hold” rating. Robert W. Baird initiated United Technologies Corporation (NYSE:UTX) on Thursday, October 6 with “Neutral” rating. The stock has “Hold” rating given by Deutsche Bank on Monday, September 21. On Tuesday, May 3 the stock rating was downgraded by RBC Capital Markets to “Sector Perform”.

UTX Company Profile

United Technologies Corporation, incorporated on July 21, 1934, is engaged in providing high technology services and products to the building systems and aerospace industries around the world. The Firm operates through four divisions: Otis; UTC Climate, Controls & Security; Pratt & Whitney, and UTC Aerospace Systems. The Company’s UTC Building & Industrial Systems unit, comprising the activities of Otis and UTC Climate, Controls & Security, is the well-known provider of building technologies. The unit offers elevator, escalator heating, ventilating, air-condition and refrigeration systems and services for buildings. Pratt & Whitney and UTC Aerospace Systems serve commercial and government clients in both the original equipment and aftermarket parts and services markets of the aerospace industry. Pratt & Whitney also provides products to certain industrial markets.

More recent United Technologies Corporation (NYSE:UTX) news were published by: Seekingalpha.com which released: “United Technologies Corporation A Great Choice For A Trump Presidency” on November 23, 2016. Also Fool.com published the news titled: “Better Buy: Caterpillar Inc. vs. United Technologies” on November 15, 2016. Nasdaq.com‘s news article titled: “United Technologies Corporation (UTX) Ex-Dividend Date Scheduled for November …” with publication date: November 15, 2016 was also an interesting one.

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By Peter Erickson


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