United Technologies Corporation (NYSE:UTX) is expected to pay $0.66 on Dec 10, 2016. The indicated annual dividend is $2.64. Shareholders owning the stock before Nov 16, 2016 will be eligible to receive the payout. Based on United Technologies Corporation’s current price of $107.86, the dividend is 0.61%. This dividend’s record date is Nov 18, 2016 and the announcement date is Oct 12, 2016. The stock decreased 0.92% or $1 during the last trading session, hitting $107.86. United Technologies Corporation (NYSE:UTX) has risen 3.11% since April 13, 2016 and is uptrending. It has underperformed by 0.82% the S&P500.
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 $89.18 billion. The Firm operates through four divisions: Otis; UTC Climate, Controls & Security; Pratt & Whitney, and UTC Aerospace Systems. It has a 23.66 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.
Insitutional Activity: The institutional sentiment is 0.98 in Q2 2016. 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.
Moreover, Aberdeen Asset Mgmt Pcl Uk has 0.24% invested in United Technologies Corporation (NYSE:UTX) for 635,960 shares. Cambridge Inv Rech Advsr has 60,277 shares for 0.13% of their US portfolio. Tiaa Cref Communication Fsb Mo accumulated 0.21% or 219,471 shares. Gam Hldg Ag, a Switzerland-based fund reported 246,916 shares. Architects Inc accumulated 3,697 shares or 0.11% of the stock. Ronna Sue Cohen has 0.21% invested in the company for 2,722 shares. Wade G W And holds 50,450 shares or 0.89% of its portfolio. Greenwood Gearhart Incorporated has 60,965 shares for 2.65% of their US portfolio. Cornerstone Capital Mngmt Holdings holds 183,090 shares or 0.15% of its portfolio. Cordasco Fincl Networks has 0.05% invested in the company for 400 shares. Prospector Prtnrs Ltd Liability has 0.74% invested in the company for 42,400 shares. Capital Rech Glob Investors has 7.96M shares for 0.28% of their US portfolio. Ngam Advsrs L P holds 0.29% or 203,309 shares in its portfolio. Colony Gru Ltd Liability Corporation last reported 2,286 shares in the company. Dynamic Advsr Solutions Ltd Co last reported 0.31% of its portfolio in the stock.
Insider Transactions: Since June 8, 2016, the stock had 0 insider buys, and 7 selling transactions for $7.44 million net activity. DELPECH PHILIPPE sold $4.40M worth of stock. 7,144 shares were sold by Gill Charles D, worth $771,910. Shares for $102,946 were sold by Bailey Robert J. on Thursday, November 10. MCDONOUGH ROBERT J sold $332,033 worth of stock or 3,100 shares. $251,460 worth of shares were sold by Dumais Michael R on Friday, August 5.
United Technologies Corporation (NYSE:UTX) Ratings Coverage
Out of 19 analysts covering United Technologies Corporation (NYSE:UTX), 7 rate it a “Buy”, 0 “Sell”, while 12 “Hold”. This means 37% are positive. United Technologies Corporation has been the topic of 38 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Sterne Agee CRT downgraded the shares of UTX in a report on Wednesday, January 6 to “Neutral” rating. As per Wednesday, July 27, the company rating was maintained by Barclays Capital. As per Wednesday, July 22, the company rating was downgraded by Atlantic Securities. On Monday, November 16 the stock rating was maintained by Credit Suisse with “Neutral”. Bernstein downgraded the shares of UTX in a report on Friday, January 8 to “Mkt Perform” rating. Argus Research maintained United Technologies Corporation (NYSE:UTX) rating on Wednesday, July 22. Argus Research has “Buy” rating and $125 price target. The company was initiated on Tuesday, December 1 by Liberum Capital. As per Thursday, October 6, the company rating was initiated by Robert W. Baird. Deutsche Bank maintained United Technologies Corporation (NYSE:UTX) on Tuesday, August 25 with “Hold” rating. Citigroup maintained the shares of UTX in a report on Wednesday, October 21 with “Buy” rating.
More news for United Technologies Corporation (NYSE:UTX) were recently published by: Moodys.com, which released: “Moody’s assigns A3 ratings to new United Technologies debt” on October 27, 2016. Moodys.com‘s article titled: “Moody’s Rates New United Technologies Euro-CP Program (P-2)” and published on October 19, 2016 is yet another important article.
UTX Company Profile
United Technologies Corporation, incorporated on July 21, 1934, is engaged in providing high technology services and products to the building systems and aerospace industries around the world. The Firm operates through four divisions: Otis; UTC Climate, Controls & Security; Pratt & Whitney, and UTC Aerospace Systems. The Company’s UTC Building & Industrial Systems unit, comprising the activities of Otis and UTC Climate, Controls & Security, is the well-known provider of building technologies. The unit offers elevator, escalator heating, ventilating, air-condition and refrigeration systems and services for buildings. Pratt & Whitney and UTC Aerospace Systems serve commercial and government clients in both the original equipment and aftermarket parts and services markets of the aerospace industry. Pratt & Whitney also provides products to certain industrial markets.
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