Insider Selling: United Technologies Co. (NYSE:UTX) VP Sells 831 Shares of Stock

United Technologies Co. (NYSE:UTX) VP Robert J. Bailey sold 831 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $135.09, for a total transaction of $112,259.79. Following the transaction, the vice president now directly owns 2,000 shares of the company’s stock, valued at approximately $270,180. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

NYSE:UTX traded down $0.20 during mid-day trading on Tuesday, hitting $133.91. The company had a trading volume of 2,797,388 shares, compared to its average volume of 3,666,262. The business has a fifty day simple moving average of $130.04 and a 200-day simple moving average of $130.87. The company has a current ratio of 1.05, a quick ratio of 0.74 and a debt-to-equity ratio of 0.93. United Technologies Co. has a 1 year low of $100.48 and a 1 year high of $144.40. The firm has a market capitalization of $115.36 billion, a price-to-earnings ratio of 17.60, a PEG ratio of 1.89 and a beta of 1.21.

United Technologies (NYSE:UTX) last issued its earnings results on Tuesday, July 23rd. The conglomerate reported $2.20 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.04 by $0.16. United Technologies had a return on equity of 16.81% and a net margin of 7.13%. The company had revenue of $19.63 billion during the quarter, compared to the consensus estimate of $19.58 billion. During the same quarter in the prior year, the business earned $1.97 earnings per share. The company’s revenue was up 17.5% compared to the same quarter last year. As a group, research analysts anticipate that United Technologies Co. will post 8.03 earnings per share for the current year.

A number of equities analysts have weighed in on the stock. Cowen reiterated a “buy” rating and issued a $150.00 price target on shares of United Technologies in a report on Wednesday, September 4th. Morgan Stanley increased their target price on United Technologies from $155.00 to $164.00 and gave the stock an “overweight” rating in a research report on Monday, May 20th. William Blair reiterated a “hold” rating on shares of United Technologies in a report on Tuesday, September 3rd. Barclays boosted their price target on United Technologies from $149.00 to $153.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Finally, Seaport Global Securities upgraded United Technologies from a “neutral” rating to a “buy” rating and set a $165.00 price target for the company in a research note on Monday, June 10th. Five analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $152.21.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sound View Wealth Advisors Group LLC acquired a new stake in United Technologies during the 2nd quarter valued at $2,049,000. Great Valley Advisor Group Inc. lifted its holdings in United Technologies by 276.0% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 11,743 shares of the conglomerate’s stock worth $1,526,000 after buying an additional 8,620 shares in the last quarter. Farr Miller & Washington LLC DC boosted its position in United Technologies by 0.5% in the 2nd quarter. Farr Miller & Washington LLC DC now owns 383,785 shares of the conglomerate’s stock valued at $49,969,000 after buying an additional 2,017 shares during the last quarter. BTR Capital Management Inc. boosted its position in United Technologies by 1.6% in the 2nd quarter. BTR Capital Management Inc. now owns 87,006 shares of the conglomerate’s stock valued at $11,328,000 after buying an additional 1,398 shares during the last quarter. Finally, M Holdings Securities Inc. boosted its position in United Technologies by 11.9% in the 1st quarter. M Holdings Securities Inc. now owns 65,283 shares of the conglomerate’s stock valued at $8,414,000 after buying an additional 6,946 shares during the last quarter. Hedge funds and other institutional investors own 80.72% of the company’s stock.

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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Insider Buying and Selling by Quarter for United Technologies (NYSE:UTX)

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