What Will Happen to United Technologies Corporation Next? The Stock Just Had Huge Bearish Options Activity

 What Will Happen to United Technologies Corporation Next? The Stock Just Had Huge Bearish Options Activity

In today’s session United Technologies Corporation (UTX) recorded an unusually high (1,039) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious UTX decrease. With 1,039 contracts traded and 7214 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: UTX161216P00105000 closed last at: $1.03 or 21.4% down. About 836,437 shares traded hands. United Technologies Corporation (NYSE:UTX) has risen 1.43% since April 21, 2016 and is uptrending. It has underperformed by 3.90% the S&P500.

Analysts await United Technologies Corporation (NYSE:UTX) to report earnings on January, 25. They expect $1.58 EPS, up 3.27% or $0.05 from last year’s $1.53 per share. UTX’s profit will be $1.30 billion for 17.05 P/E if the $1.58 EPS becomes a reality. After $1.76 actual EPS reported by United Technologies Corporation for the previous quarter, Wall Street now forecasts -10.23% negative EPS growth.

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. $134 is the highest target while $100 is the lowest. The $111.53 average target is 3.48% above today’s ($107.78) stock price. United Technologies Corporation has been the topic of 38 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock of United Technologies Corporation (NYSE:UTX) has “Neutral” rating given on Thursday, October 6 by Robert W. Baird. The firm earned “Buy” rating on Tuesday, July 21 by S&P Research. The rating was downgraded by Citigroup on Monday, October 10 to “Neutral”. The firm has “Neutral” rating by CItigroup given on Monday, October 10. RBC Capital Markets maintained United Technologies Corporation (NYSE:UTX) rating on Thursday, January 28. RBC Capital Markets has “Sector Perform” rating and $100 price target. The firm has “Buy” rating by Numis Securities given on Tuesday, October 6. The firm earned “Equal Weight” rating on Monday, August 31 by Barclays Capital. The stock of United Technologies Corporation (NYSE:UTX) earned “Sector Perform” rating by RBC Capital Markets on Tuesday, December 15. The stock of United Technologies Corporation (NYSE:UTX) has “Hold” rating given on Tuesday, August 25 by Deutsche Bank. The firm has “Hold” rating given on Tuesday, December 1 by Liberum Capital.

According to Zacks Investment Research, “United Technologies Corporation provides a broad range of high technology products and services to the building systems and aerospace industries. Those products include Pratt & Whitney aircraft engines, space propulsion systems and industrial gas turbines; Carrier heating, air conditioning and refrigeration; Otis elevator, escalator and people movers; Hamilton Sundstrand aerospace and industrial products; Sikorsky helicopters and International Fuel Cells power systems. (Company Press Release)”

Insitutional Activity: The institutional sentiment increased to 1.06 in Q2 2016. Its up 0.08, from 0.98 in 2016Q1. The ratio is positive, as 65 funds sold all United Technologies Corporation shares owned while 517 reduced positions. 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.
Hallmark Mngmt last reported 15,953 shares in the company. Atwood & Palmer Inc accumulated 10,025 shares or 0.19% of the stock. Cambridge Inv Research accumulated 60,277 shares or 0.13% of the stock. Checchi Cap Advisers Ltd Company last reported 0.08% of its portfolio in the stock. Perkins Coie Tru accumulated 0.64% or 9,462 shares. Cutler Investment Counsel Ltd Limited Liability Company last reported 56,014 shares in the company. Pinnacle Limited Liability Com accumulated 0% or 15,100 shares. Allsquare Wealth Management Limited Com has invested 0.24% of its portfolio in United Technologies Corporation (NYSE:UTX). Page Arthur B has 0.31% invested in the company for 3,044 shares. Badgley Phelps Bell Incorporated holds 2,390 shares or 0.02% of its portfolio. Fincl Advisory Group, a Texas-based fund reported 8,896 shares. Wealthcare Capital Management Ltd Company accumulated 0% or 182 shares. Mercer Capital Advisers holds 0.37% or 4,457 shares in its portfolio. Moreover, Rockland Tru has 1.74% invested in United Technologies Corporation (NYSE:UTX) for 96,601 shares. Intersect Cap Limited Com has 0.15% invested in the company for 2,433 shares.

Insider Transactions: Since June 8, 2016, the stock had 0 insider purchases, and 8 sales for $9.16 million net activity. On Thursday, November 10 the insider Bailey Robert J. sold $102,946. 15,748 United Technologies Corporation (NYSE:UTX) shares with value of $1.71 million were sold by HAYES GREGORY. Another trade for 8,958 shares valued at $914,098 was sold by Gill Charles D. MCDONOUGH ROBERT J had sold 3,100 shares worth $332,033. Shares for $4.40 million were sold by DELPECH PHILIPPE on Thursday, July 28. 2,349 shares were sold by Dumais Michael R, worth $251,460.

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 $88.82 billion. The Firm operates through four divisions: Otis; UTC Climate, Controls & Security; Pratt & Whitney, and UTC Aerospace Systems. It has a 23.65 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.

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.

More recent United Technologies Corporation (NYSE:UTX) news were published by: Seekingalpha.com which released: “United Technologies Corporation A Great Choice For A Trump Presidency” on November 23, 2016. Also Fool.com published the news titled: “Better Buy: Caterpillar Inc. vs. United Technologies” on November 15, 2016. Nasdaq.com‘s news article titled: “United Technologies Corporation (UTX) Ex-Dividend Date Scheduled for November …” with publication date: November 15, 2016 was also an interesting one.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment