News stories about United Technologies Corporation (NYSE:UTX) have been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. United Technologies Corporation earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned news stories about the conglomerate an impact score of 46.8857565461905 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:
- Why You Should Want To Trade United Technologies Corporation (UTX) – StockNewsGazette (stocknewsgazette.com)
- What would an acquisition of Rockwell Collins mean for the Triad? – Triad Business Journal (bizjournals.com)
- United Technologies Corporation (UTX) Given Consensus Recommendation of “Hold” by Analysts (americanbankingnews.com)
- Carrier Donates More Than 500 Air Conditioning and Heating Systems to Habitat for Humanity (finance.yahoo.com)
- Honeywell’s Valuations Surpass Its Peer’s Valuations (finance.yahoo.com)
A number of brokerages have commented on UTX. Zacks Investment Research lowered shares of United Technologies Corporation from a “buy” rating to a “hold” rating in a report on Friday, May 19th. Deutsche Bank AG raised their target price on shares of United Technologies Corporation from $115.00 to $120.00 and gave the company a “hold” rating in a research note on Friday, April 28th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $135.00 target price (up previously from $130.00) on shares of United Technologies Corporation in a research note on Friday, July 21st. Vetr raised shares of United Technologies Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, May 2nd. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $125.00 target price on shares of United Technologies Corporation in a research note on Friday, June 2nd. Thirteen analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $123.54.
United Technologies Corporation (NYSE UTX) traded down 0.53% during trading on Friday, reaching $115.48. 2,760,448 shares of the company’s stock were exchanged. United Technologies Corporation has a 12 month low of $97.62 and a 12 month high of $124.79. The firm has a market cap of $92.24 billion, a price-to-earnings ratio of 17.59 and a beta of 1.06. The firm’s 50-day moving average price is $120.41 and its 200-day moving average price is $117.13.
United Technologies Corporation (NYSE:UTX) last released its quarterly earnings results on Tuesday, July 25th. The conglomerate reported $1.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.78 by $0.07. United Technologies Corporation had a return on equity of 18.07% and a net margin of 9.15%. The company had revenue of $15.28 billion for the quarter, compared to analyst estimates of $15.24 billion. During the same period in the previous year, the company posted $1.82 earnings per share. The firm’s revenue was up 2.7% on a year-over-year basis. On average, equities research analysts anticipate that United Technologies Corporation will post $6.58 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Sunday, September 10th. Shareholders of record on Friday, August 18th will be issued a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 2.42%. This is an increase from United Technologies Corporation’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend is Wednesday, August 16th. United Technologies Corporation’s payout ratio is 42.68%.
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United Technologies Corporation Company Profile
United Technologies Corporation is engaged 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 operates as an elevator and escalator manufacturing, installation and service company.
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