United Technologies Corporation (NYSE:UTX):
United Technologies to present at Goldman Sachs Industrials Conference.
The company is trading up from yesterday’s close of $100.09.
United Technologies Corporation recently announced a dividend which will be paid on Saturday the 10th of December 2016. The dividend will be $0.660 per share for the quarter or $2.64 on an annualized basis. The dividend yield will be $2.60. The ex-dividend date will be Wednesday the 17th of August 2016.
Shares are trading at $101.84 which is a tad above $101.08, the 50 day moving average and just a bit lower than the 200 day moving average of $103.23. The 50 day moving average was 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 market cap is 83.71B. In the latest earnings report the EPS was $8.75 and is projected 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 anticipated to be $6.64.
Several ratings firms have provided guidance on the stock recently. On October 10, 2016 the stock rating was changed to a “Neutral” by CItigroup which is down from the previous “Buy” rating. Equity analyst Baird started covering UTX by announcing an initial rating of “Neutral” and setting a price target of $110.00.
On September 19 UBS made no change to the company rating of “Buy” and lowered the price expectation to $115.00 from $124.00. July 27 investment analysts at Barclays kept the company rating at “Equalweight” and moved up the price target from $100.00 to $110.00.
Equity analyst RBC Capital lowered the price target and downgraded the stock on May 3 changing the price objective from $109.00 to $107.00 and setting the rating at “Neutral” which had previously been “Outperform”. On May 3 the stock rating was downgraded to “Neutral” from “Outperform” with a current price target of $107.00 in a report issued by RBC Capital.