United Technologies (NYSE:UTX) CEO Louis Chenevert sold 24,979 shares of the company’s stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $119.00, for a total transaction of $2,972,501.00. Following the completion of the transaction, the chief executive officer now directly owns 2,400 shares in the company, valued at approximately $285,600. The transaction was disclosed in a filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on UTX shares. Analysts at Zacks reiterated a “neutral” rating on shares of United Technologies in a research note on Thursday, April 24th. They now have a $126.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of United Technologies in a research note on Wednesday, April 23rd. They now have a $125.00 price target on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of United Technologies in a research note on Wednesday, April 23rd. They now have a $127.00 price target on the stock. Four research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $125.26.
United Technologies (NYSE:UTX) traded down 0.80% on Tuesday, hitting $119.13. 2,619,975 shares of the company’s stock traded hands. United Technologies has a 52-week low of $90.30 and a 52-week high of $120.66. The stock has a 50-day moving average of $117. and a 200-day moving average of $114.. The company has a market cap of $109.2 billion and a price-to-earnings ratio of 19.43.
United Technologies (NYSE:UTX) last released its earnings data on Tuesday, April 22nd. The company reported $1.32 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.27 by $0.05. The company had revenue of $14.75 billion for the quarter, compared to the consensus estimate of $14.74 billion. During the same quarter in the prior year, the company posted $1.28 earnings per share. The company’s quarterly revenue was up 2.4% on a year-over-year basis. On average, analysts predict that United Technologies will post $6.85 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, June 10th. Investors of record on Friday, May 16th will be paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 1.98%. The ex-dividend date is Wednesday, May 14th.
United Technologies Corporation (NYSE:UTX) provides high technology products and services to the building systems and aerospace industries worldwide.
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