United Technologies Co. (UTX) VP Robert J. Bailey Sells 1,418 Shares

United Technologies Co. (NYSE:UTX) VP Robert J. Bailey sold 1,418 shares of the business’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $126.20, for a total value of $178,951.60. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Robert J. Bailey also recently made the following trade(s):

  • On Wednesday, February 6th, Robert J. Bailey sold 862 shares of United Technologies stock. The stock was sold at an average price of $121.71, for a total value of $104,914.02.

United Technologies stock opened at $125.31 on Thursday. United Technologies Co. has a fifty-two week low of $100.48 and a fifty-two week high of $144.15. The company has a quick ratio of 0.81, a current ratio of 1.13 and a debt-to-equity ratio of 1.01. The stock has a market capitalization of $109.02 billion, a PE ratio of 16.47, a PEG ratio of 1.81 and a beta of 1.20.

United Technologies (NYSE:UTX) last posted its earnings results on Wednesday, January 23rd. The conglomerate reported $1.95 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.53 by $0.42. United Technologies had a return on equity of 17.53% and a net margin of 7.92%. The business had revenue of $18.04 billion during the quarter, compared to the consensus estimate of $16.87 billion. During the same period in the previous year, the business earned $1.60 EPS. The business’s quarterly revenue was up 15.1% on a year-over-year basis. On average, equities research analysts expect that United Technologies Co. will post 7.93 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Sunday, March 10th. Shareholders of record on Friday, February 15th were paid a dividend of $0.735 per share. This represents a $2.94 annualized dividend and a yield of 2.35%. The ex-dividend date of this dividend was Thursday, February 14th. United Technologies’s dividend payout ratio is presently 38.63%.

UTX has been the subject of several analyst reports. Cowen reissued a “hold” rating and set a $141.00 target price on shares of United Technologies in a research note on Thursday, December 6th. Bank of America reissued a “buy” rating and set a $185.00 target price on shares of United Technologies in a research note on Thursday, January 24th. Goldman Sachs Group raised United Technologies from a “buy” rating to a “conviction-buy” rating and set a $153.00 target price for the company in a research note on Friday, February 1st. UBS Group raised United Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, November 28th. Finally, Wolfe Research set a $147.00 target price on United Technologies and gave the stock a “buy” rating in a research note on Monday, November 26th. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $143.08.

A number of institutional investors and hedge funds have recently bought and sold shares of UTX. WESPAC Advisors SoCal LLC acquired a new stake in shares of United Technologies in the 4th quarter worth approximately $26,000. Guidant Wealth Advisors grew its holdings in shares of United Technologies by 64.9% in the 4th quarter. Guidant Wealth Advisors now owns 254 shares of the conglomerate’s stock worth $27,000 after acquiring an additional 100 shares during the period. Braun Bostich & Associates Inc. grew its holdings in shares of United Technologies by 73.0% in the 4th quarter. Braun Bostich & Associates Inc. now owns 365 shares of the conglomerate’s stock worth $39,000 after acquiring an additional 154 shares during the period. Financial Gravity Companies Inc. acquired a new stake in shares of United Technologies in the 4th quarter worth approximately $51,000. Finally, Murphy Pohlad Asset Management LLC acquired a new stake in shares of United Technologies in the 4th quarter worth approximately $56,000. 79.98% of the stock is owned by hedge funds and other institutional investors.

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About United Technologies

United Technologies Corporation provides technology products and services to building systems and aerospace industries worldwide. Its Otis segment designs, manufactures, sells, and installs passenger and freight elevators, escalators, and moving walkways; and offers modernization products to upgrade elevators and escalators, as well as maintenance and repair services.

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