United Technologies Corporation (NYSE:UTX):
NASA’s TASAR Trial Takes Flight on Alaska Airlines With Installation of UTC Aerospace Systems’ Aircraft Data Management Solution.
In the market the company is trading up by 0.58% since yesterday’s close of $119.94.
United Technologies Corporation declared a dividend that was paid on Sat Jun 10, 2017. The dividend was $0.660 per share for the quarter which is $2.64 annualized. This dividend represents a yield of $2.19. The ex-dividend date was Wednesday the 17th of May 2017.
United Technologies Corporation, launched on July 21, 1934, is involved 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, UTC Climate and Controls & Security (collectively, referred to as the commercial businesses) serve customers in the commercial, government, infrastructure and residential property sectors and transport and refrigeration businesses around the world. Pratt & Whitney and UTC Aerospace Systems (collectively referred to as the aerospace businesses) primarily serve commercial and government customers in both the original equipment and aftermarket parts and services markets of the aerospace industry..
Shares last traded at $120.64 a tad above the 50 day moving average of $120.31 and which is just over the 200 day moving average of $113.42. The 50 day moving average was up $0.33 or +0.27% and the 200 day average went up by +6.36%.
The most current P/E ratio is 18.79 and the market cap of the company is 96.66B. In the latest earnings report the EPS was $6.42 and is estimated to be $6.58 for the current year with 801,227,000 shares currently outstanding. Analysts expect next quarter’s EPS to be $1.73 and the next full year EPS is anticipated to be $7.06.
A few brokerage firms have weighed in on United Technologies Corporation. On October 10 the company was set at “Neutral” according to a CItigroup report which was a cut from the previous “Buy” rating. On October 6, 2016 Baird issued its first research report on the stock with an initial rating of “Neutral” and setting a price target of $110.00.
On September 19 UBS held the stock rating at “Buy” and moved down the price target to $115.00 from $124.00. July 27 investment analysts at Barclays made no change to the stock rating of “Equalweight” and raised the price target from $100.00 to $110.00.
RBC Capital downgraded the stock and lowered the price target on May 3 changing the price objective from $109.00 to $107.00 and cutting the rating from “Outperform” to “Neutral”. On May 3 the stock rating was downgraded from “Outperform” to “Neutral” and a price target of $107.00 was set in a statement from RBC Capital.