United Technologies Corporation (NYSE:UTX):
UTC Reports Third Quarter 2016 Results.
The company is so far trading up by 1.75% since yesterday’s close of $100.09.
Additionally the company declared a dividend payable on Saturday the 10th of December 2016. The dividend payment will be $0.660 per share for the quarter or $2.64 annualized. This dividend amount will represent a yeild of $2.61. The ex-dividend date is Wednesday the 17th of August 2016.
Shares last traded at $101.84 which is marginally higher than $101.08, the 50 day moving average and which is slightly below the 200 day moving average of $103.23. The 50 day moving average went up $0.76 or +0.75% and the 200 day average went down $-1.39 or -1.34%.
The most current P/E ratio is 11.63 and market capitalization is 83.71B. As of the last earnings report the EPS was $8.75 and is expected to be $6.60 for the current year with 822,000,000 shares presently outstanding. Analysts expect next quarter’s EPS to be $1.43 and the next full year EPS is projected to be $6.64.
A few investment analysts have weighed in on United Technologies Corporation of late. On October 10 the stock rating was downgraded from “Buy” to “Neutral” in a statement from CItigroup. Baird began coverage of the stock setting a rating of “Neutral” and projecting a price target of $110.00.
September 19 investment analysts at UBS kept the stock rating at “Buy” but lowered the price target from $124.00 to $115.00. On July 27 Barclays maintained a stock rating of “Equalweight” but moved up the price target to $110.00 from $100.00.
Equity analyst RBC Capital downgraded the stock and lowered the price target on May 3 changing the price target from $109.00 to $107.00 and changing the rating from “Outperform” to “Neutral”. On May 3 the company was downgraded to “Neutral” from “Outperform” with a current price target of $107.00 in a report from RBC Capital.