Somewhat Critical Press Coverage Extremely Likely to Affect United Technologies (UTX) Share Price

Media stories about United Technologies (NYSE:UTX) have trended somewhat negative on Monday, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive media coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. United Technologies earned a media sentiment score of -1.00 on their scale. InfoTrie also gave press coverage about the conglomerate an news buzz score of 10 out of 10, indicating that recent media coverage is extremely likely to have an impact on the company’s share price in the immediate future.

Here are some of the news articles that may have impacted United Technologies’ ranking:

Several research analysts have recently weighed in on UTX shares. Zacks Investment Research raised shares of United Technologies from a “hold” rating to a “buy” rating and set a $158.00 price target on the stock in a report on Thursday, October 4th. Royal Bank of Canada decreased their price target on shares of United Technologies to $148.00 and set an “outperform” rating on the stock in a report on Wednesday, October 24th. ValuEngine cut shares of United Technologies from a “buy” rating to a “hold” rating in a report on Monday, August 6th. UBS Group started coverage on shares of United Technologies in a report on Wednesday, August 15th. They issued a “buy” rating on the stock. Finally, Robert W. Baird upped their price target on shares of United Technologies from $156.00 to $167.00 and gave the stock a “neutral” rating in a report on Thursday, September 20th. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. United Technologies has an average rating of “Buy” and a consensus target price of $151.90.

UTX opened at $129.04 on Monday. The firm has a market capitalization of $103.36 billion, a P/E ratio of 19.40, a PEG ratio of 2.03 and a beta of 1.09. The company has a current ratio of 1.52, a quick ratio of 1.17 and a debt-to-equity ratio of 1.12. United Technologies has a 52 week low of $115.40 and a 52 week high of $144.15.

United Technologies (NYSE:UTX) last released its earnings results on Tuesday, October 23rd. The conglomerate reported $1.93 EPS for the quarter, beating the Zacks’ consensus estimate of $1.82 by $0.11. The business had revenue of $16.51 billion for the quarter, compared to analysts’ expectations of $16.10 billion. United Technologies had a return on equity of 17.70% and a net margin of 7.76%. The firm’s revenue was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.73 earnings per share. As a group, sell-side analysts anticipate that United Technologies will post 7.26 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Friday, November 16th will be paid a $0.735 dividend. This represents a $2.94 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date of this dividend is Thursday, November 15th. This is a boost from United Technologies’s previous quarterly dividend of $0.70. United Technologies’s dividend payout ratio is currently 44.21%.

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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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