United Technologies Corporation (NYSE:UTX):
United Technologies Prices Offering of Senior Notes.
The company is trading up since yesterday’s close of $100.09.
Additionally the company announced a dividend to be paid on Saturday the 10th of December 2016. The dividend payment will be $0.660 per share for the quarter which is $2.64 annualized. The dividend yield will be $2.61. The ex-dividend date will be Wednesday August 17th, 2016.
Shares are trading at $101.84 just above $101.08, the 50 day moving average and which is just under the 200 day moving average of $103.23. The 50 day moving average went up by +0.75% and the 200 day average went down $-1.39 or -1.34%.
The company currently has a P/E ratio of 11.63 and the market cap is 83.71B. As of the latest 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. Next quarter’s EPS is forecasted to be $1.43 and the next full year EPS is anticipated to be $6.64.
Ratings firms have released opinions on the stock. On October 10, 2016 the stock rating was set at “Neutral” by CItigroup down from the previous “Buy” rating. On October 6, 2016 Baird starting coverage on UTX giving it an initial rating of “Neutral” and projecting a price target of $110.00.
September 19 investment analysts at UBS made no change to the stock rating of “Buy” and lowered the price expectation from $124.00 to $115.00. On July 27 Barclays made no change to the company rating of “Equalweight” but raised the price expectation to $110.00 from $100.00.
On May 3 the company was downgraded to “Neutral” from “Outperform” with a current price target of $107.00 by analysts at RBC Capital. RBC Capital lowered the price target and downgraded the stock on May 3 changing the price objective from $109.00 to $107.00 and changing the rating from “Outperform” to “Neutral”.