How United Technologies Corporation (NYSE:UTX) trades after earning announcements?
Oct 19 2016 by Larry Hoffman
They now have a Dollars 25 price target on the stock. Financial Architects Inc raised its position in shares of United Technologies Corp.by 0.8% in the second quarter. With an institutional ownership near 99.1%, it carries an earnings per share ratio of 1.02. (NYSE:MTW) kept active in under and overvalue discussion, MTW holds price to book ratio of 0.83 that presents much better indicator to find market price of a share price over its book value of equity for investment valuation. The year to date performance is at 6.38% with a 52 week high of -8.46% and a 52 week low of 22.55%.
United Technologies Corporation opened for trading at $100.42 and hit $100.79 on the upside on Friday, eventually ending the session at $100.16, with a gain of 0.31% or 0.31 points.
The stock's 50 day moving average is 10.38 and its 200 day moving average is 14.17.
Geospace Technologies Corporation had its "market perform" rating reiterated by analysts at Cowen. The company's net profitmargin has achieved the current level of 12.8 percent and possesses 27.7 percent gross margin.
Here's how investors reacted to UTX earnings announcements in the past few quarters. The company reported $1.82 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $1.68 by $0.14. Revenue for the quarter was $14.65B while analysts called for revenues to be $15.35B. On average, analysts predict that United Technologies Corp. will post $6.58 earnings per share for the current fiscal year.
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The company also recently declared a quarterly dividend, which will be paid on Saturday, December 10th. The company's management has announced Nov 16, 2016 as the ex-dividend date and fixed the record date on Nov 18, 2016. This represents a $2.64 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date is Wednesday, November 16th. United Technologies Corp.'s dividend payout ratio is presently 31.13%.
Several other research firms have also recently weighed in on UTX.
United Technologies Corporation (UTX) fell -0.45% during last trading as the stock lost $-0.45 to finish the day at $99.71 with about 2.45M shares changing hands, compared to its three month average trading volume of 3.19M. The consensus 12-month price target from brokerage firms covering the stock is $111.11. United Technologies Corporation makes up approx 0.19% of Simplex Trading's portfolio.Cardinal Capital Management boosted its stake in UTX in the latest quarter, The investment management firm added 1,746 additional shares and now holds a total of 107,246 shares of United Technologies Corporation which is valued at $10,965,904.
04/30/2015 - Applied Genetic Technologies Corporation had its "hold" rating reiterated by analysts at Zacks. Jefferies Group reiterated a "buy" rating and set a $118.00 target price on shares of United Technologies Corp.in a research note on Wednesday, July 27th. The insider Gill Charles D sold 7,144 shares worth $771,910. Analyst's mean target price for ACIA is $119.00 while analysts mean recommendation is 2.00. The Hedge Fund company now holds 86,071 shares of UTX which is valued at $8,501,233. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The insider MCDONOUGH ROBERT J sold 3,100 shares worth $332,033. 980 United Technologies Corporation (NYSE:UTX) shares with value of $100,107 were sold by HAYES GREGORY. Following the transaction, the insider now owns 11,349 shares in the company, valued at approximately $1,215,591.39. The disclosure for this sale can be found here.
United Technologies Corporation is engaged in providing high technology services and products to the building systems and aerospace industries around the world. The Company operates through five segments: Otis; UTC Climate Controls & Security; Pratt & Whitney; UTC Aerospace Systems and Sikorsky. Its Otis segment designs, manufactures, sells, and installs passenger and freight elevators, escalators, and moving walkways; modernization products to upgrade elevators and escalators; and maintenance and fix services.