In today’s session United Technologies Corporation (UTX) registered an unusually high (915) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious UTX increase. With 915 contracts traded and 43224 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: UTX170120C00110000 closed last at: $0.82 or 15.5% up. The stock decreased 0.98% or $1 during the last trading session, hitting $101.43. About 3.20M shares traded hands. United Technologies Corporation (NYSE:UTX) has risen 7.76% since March 1, 2016 and is uptrending. It has underperformed by 1.48% the S&P500.
Analysts await United Technologies Corporation (NYSE:UTX) to report earnings on October, 18. They expect $1.67 earnings per share, 0.00% or $0.00 from last year’s $1.67 per share. UTX’s profit will be $1.41B for 15.18 P/E if the $1.67 EPS becomes a reality. After $1.82 actual earnings per share reported by United Technologies Corporation for the previous quarter, Wall Street now forecasts -8.24% negative EPS growth.
United Technologies Corporation (NYSE:UTX) Ratings Coverage
Out of 17 analysts covering United Technologies Corporation (NYSE:UTX), 8 rate it a “Buy”, 0 “Sell”, while 9 “Hold”. This means 47% are positive. $134 is the highest target while $100 is the lowest. The $111.64 average target is 10.07% above today’s ($101.43) stock price. United Technologies Corporation has been the topic of 35 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Cowen & Co upgraded it to “Outperform” rating and $119 target price in Thursday, July 23 report. The stock of United Technologies Corporation (NYSE:UTX) earned “Sector Perform” rating by RBC Capital Markets on Tuesday, December 15. The firm has “Neutral” rating by Sterne Agee CRT given on Wednesday, January 6. Jefferies downgraded United Technologies Corporation (NYSE:UTX) on Monday, August 24 to “Buy” rating. The company was downgraded on Monday, May 2 by Goldman Sachs. The stock of United Technologies Corporation (NYSE:UTX) has “Neutral” rating given on Monday, November 16 by Credit Suisse. The rating was downgraded by RBC Capital Markets on Tuesday, May 3 to “Sector Perform”. The stock of United Technologies Corporation (NYSE:UTX) has “Buy” rating given on Thursday, January 28 by Argus Research. The firm earned “Buy” rating on Tuesday, July 21 by S&P Research. Barclays Capital maintained United Technologies Corporation (NYSE:UTX) on Wednesday, July 27 with “Equalweight” rating.
Insitutional Activity: The institutional sentiment is 0.98 in 2016 Q2. Its the same as in 2016Q1. The ratio is without change, as 65 funds sold all United Technologies Corporation shares owned while 517 reduced positions. only 91 funds bought stakes while 482 increased positions. They now own 655.21 million shares or 3.61% less from 679.78 million shares in 2016Q1.
Putnam Fl, a Massachusetts-based fund reported 2,907 shares. North Star Asset Mgmt last reported 0.32% of its portfolio in the stock. Ls Inv Advsr Ltd Liability Corporation has invested 1.1% of its portfolio in United Technologies Corporation (NYSE:UTX). Btim accumulated 13,726 shares or 0.02% of the stock. Advisors Asset Management has 0.21% invested in the company for 128,370 shares. Mastrapasqua Asset holds 78,098 shares or 2% of its portfolio. Kistler reported 8,598 shares or 0.45% of all its holdings. Sentinel Asset has invested 0.79% of its portfolio in United Technologies Corporation (NYSE:UTX). Farmers Merchants Invs reported 19,328 shares or 0.22% of all its holdings. Eagleclaw Cap Managment Llc holds 0.69% or 10,111 shares in its portfolio. Moreover, Oakworth Capital has 0.12% invested in United Technologies Corporation (NYSE:UTX) for 3,240 shares. Spears Abacus Advsr Lc holds 0.03% or 2,079 shares in its portfolio. The Netherlands-based Shell Asset has invested 0.34% in United Technologies Corporation (NYSE:UTX). Bar Harbor owns 3,100 shares or 0.16% of their US portfolio. United State Bank has 0.23% invested in the company for 4,797 shares.
Insider Transactions: Since April 28, 2016, the stock had 0 insider buys, and 9 insider sales for $8.56 million net activity. MCDONOUGH ROBERT J had sold 3,100 shares worth $332,033. Shares for $771,910 were sold by Gill Charles D. Gitlin David L. sold $739,024 worth of United Technologies Corporation (NYSE:UTX) on Thursday, April 28. Shares for $100,107 were sold by HAYES GREGORY on Thursday, May 12. The insider Amato Elizabeth B sold $377,448. Shares for $251,460 were sold by Dumais Michael R. DELPECH PHILIPPE sold $4.40M worth of stock.
United Technologies Corporation is engaged in providing high technology services and products to the building systems and aerospace industries around the world. The company has a market cap of $85.58 billion. The Firm operates through four divisions: Otis; UTC Climate, Controls & Security; Pratt & Whitney, and UTC Aerospace Systems. It has a 22.88 P/E ratio. The Company’s Otis segment designs, makes, sells and installs a range of passenger and freight elevators, as well as a line of escalators and moving walkways.
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