United Technologies Corporation is engaged in providing high technology products and services to the building systems and aerospace industries around the world. The Company operates through four segments: Otis; UTC Climate, Controls & Security; Pratt & Whitney, and UTC Aerospace Systems. Otis operates as an elevator and escalator manufacturing, installation and service company. UTC Climate, Controls & Security segment is engaged in providing heating, ventilating, air conditioning (HVAC) and refrigeration solutions. The Pratt & Whitney segment supplies aircraft engines for the commercial, military, business jet and general aviation markets. Pratt & Whitney segment provides fleet management services and aftermarket maintenance, repair and overhaul services. The UTC Aerospace Systems segment provides aerospace products and aftermarket service solutions for aircraft manufacturers, airlines, regional, business and general aviation markets, military, space and undersea operations.
Industry, Sector and Symbol:
- Sector: Multi-Sector Conglomerates
- Industry: Aerospace & Defense
- Sub-Industry: Aerospace & Defense
- Symbol: NYSE:UTX
- CUSIP: 91301710
- Web: www.utc.com
- Market Cap: $90.32523 billion
- Outstanding Shares: 798,772,000
- 50 Day Moving Avg: $115.70
- 200 Day Moving Avg: $117.58
- 52 Week Range: $97.62 - $124.79
Sales & Book Value:
- Trailing P/E Ratio: 17.18
- Foreward P/E Ratio: 16.30
- P/E Growth: 2.96
- Annual Revenue: $58.11 billion
- Price / Sales: 1.55
- Book Value: $35.61 per share
- Price / Book: 3.17
- Annual Dividend: $2.80
- Dividend Yield: 2.5%
- EBIDTA: $10.15 billion
- Net Margins: 9.15%
- Return on Equity: 18.07%
- Return on Assets: 5.91%
- Debt-to-Equity Ratio: 0.79%
- Current Ratio: 1.37%
- Quick Ratio: 0.96%
- Average Volume: 3.33 million shs.
- Beta: 1.05
- Short Ratio: 3.16
Frequently Asked Questions for United Technologies Corporation (NYSE:UTX)
What is United Technologies Corporation's stock symbol?
United Technologies Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "UTX."
How often does United Technologies Corporation pay dividends? What is the dividend yield for United Technologies Corporation?
United Technologies Corporation announced a quarterly dividend on Wednesday, June 14th. Investors of record on Friday, August 18th will be given a dividend of $0.70 per share on Sunday, September 10th. This represents a $2.80 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date is Wednesday, August 16th. This is a positive change from United Technologies Corporation's previous quarterly dividend of $0.66. View United Technologies Corporation's Dividend History.
How were United Technologies Corporation's earnings last quarter?
United Technologies Corporation (NYSE:UTX) posted its earnings results on Tuesday, July, 25th. The company reported $1.85 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $1.78 by $0.07. The business earned $15.28 billion during the quarter, compared to analysts' expectations of $15.24 billion. United Technologies Corporation had a net margin of 9.15% and a return on equity of 18.07%. The business's quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.82 EPS. View United Technologies Corporation's Earnings History.
When will United Technologies Corporation make its next earnings announcement?
What guidance has United Technologies Corporation issued on next quarter's earnings?
United Technologies Corporation updated its FY17 earnings guidance on Tuesday, September, 5th. The company provided earnings per share (EPS) guidance of $6.45-6.60 for the period, compared to the Thomson Reuters consensus estimate of $6.58. The company issued revenue guidance of $58.5-59.5 billion, compared to the consensus revenue estimate of $59.36 billion.
Where is United Technologies Corporation's stock going? Where will United Technologies Corporation's stock price be in 2017?
17 analysts have issued 1 year target prices for United Technologies Corporation's stock. Their forecasts range from $100.58 to $140.00. On average, they anticipate United Technologies Corporation's stock price to reach $124.13 in the next year. View Analyst Ratings for United Technologies Corporation.
What are analysts saying about United Technologies Corporation stock?
Here are some recent quotes from research analysts about United Technologies Corporation stock:
- 1. Cowen and Company analysts commented, "Investors should be neutral/positive to mixed Q2 ops, strong cash flow and raised." (7/25/2017)
- 2. According to Zacks Investment Research, "United Technologies outperformed the Zacks categorized Diversified Operations industry year to date. Management also reaffirmed its guidance for 2017 on favorable growth dynamics. The business mix and diversification allows the company to deliver consistent earnings and dividend growth. The company is focused on revamping its aerospace unit to overhaul the organizational structure and accelerate inorganic growth through potential acquisition opportunities. However, United Technologies is exposed to market price volatility and availability risks related to raw materials, which hamper its ability to meet delivery schedules and increase operating costs. The company is susceptible to high operating risks following the Brexit referendum. Fluctuations in foreign currency exchange rates also affect the company’s net investment in foreign subsidiaries and cause instability in cash flows related to foreign denominated transactions." (7/13/2017)
Who are some of United Technologies Corporation's key competitors?
Some companies that are related to United Technologies Corporation include Lockheed Martin Corporation (LMT), General Dynamics Corporation (GD), Raytheon Company (RTN), Northrop Grumman Corporation (NOC), Precision Castparts Corp. (PCP), Rockwell Collins (COL), BAE Systems plc (BA), Rolls-Royce Holding PLC (RR), L-3 Communications Holdings (LLL), Huntington Ingalls Industries (HII), Orbital ATK (OA), Elbit Systems (ESLT), BWX Technologies (BWXT), Hexcel Corporation (HXL), Cobham plc (COB), Moog (MOG.A), Esterline Technologies Corporation (ESL) and Mercury Systems (MRCY).
Who are United Technologies Corporation's key executives?
United Technologies Corporation's management team includes the folowing people:
- Gregory J. Hayes CPA, Chairman of the Board, President, Chief Executive Officer
- Akhil Johri CCA, Executive Vice President and Chief Financial Officer
- David L. Gitlin, President - UTC Aerospace Systems
- Robert F. Leduc, President of Pratt & Whitney
- Robert J. McDonough, President - UTC Climate, Controls & Security
- Elizabeth B. Amato, Executive Vice President, Chief Human Resources Officer, United Technologies Corporation
- Charles D. Gill, Executive Vice President, General Counsel
- Michael R. Dumais, Executive Vice President - Operations and Strategy
- Robert J. Bailey, Corporate Vice President, Controller
- David R. Whitehouse, Corporate Vice President, Treasurer
Who owns United Technologies Corporation stock?
United Technologies Corporation's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include State Street Corp (11.53%), Vanguard Group Inc. (6.86%), BlackRock Inc. (5.52%), FMR LLC (2.58%), Bank of New York Mellon Corp (1.50%) and Franklin Resources Inc. (1.41%). Company insiders that own United Technologies Corporation stock include Akhil Johri, Brian C Rogers, Charles D Gill, David L Gitlin, Elizabeth B Amato, Fredric G Reynolds, Gregory Hayes, H Patrick Swygert, Philippe Delpech, Robert J Bailey and Robert J Mcdonough. View Institutional Ownership Trends for United Technologies Corporation.
Who sold United Technologies Corporation stock? Who is selling United Technologies Corporation stock?
United Technologies Corporation's stock was sold by a variety of institutional investors in the last quarter, including Fisher Asset Management LLC, State Street Corp, Franklin Resources Inc., Alliancebernstein L.P., Westpac Banking Corp, Bank of New York Mellon Corp, Southeastern Asset Management Inc. TN and Epoch Investment Partners Inc.. Company insiders that have sold United Technologies Corporation stock in the last year include Akhil Johri, Charles D Gill, Elizabeth B Amato, Philippe Delpech, Robert J Bailey and Robert J Mcdonough. View Insider Buying and Selling for United Technologies Corporation.
Who bought United Technologies Corporation stock? Who is buying United Technologies Corporation stock?
United Technologies Corporation's stock was bought by a variety of institutional investors in the last quarter, including FMR LLC, Harbour Capital Advisors LLC, Vanguard Group Inc., Flossbach Von Storch AG, Parametric Portfolio Associates LLC, Arrowstreet Capital Limited Partnership, BT Investment Management Ltd and Schroder Investment Management Group. Company insiders that have bought United Technologies Corporation stock in the last two years include Brian C Rogers and Fredric G Reynolds. View Insider Buying and Selling for United Technologies Corporation.
How do I buy United Technologies Corporation stock?
Shares of United Technologies Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is United Technologies Corporation's stock price today?
MarketBeat Community Rating for United Technologies Corporation (NYSE UTX)MarketBeat's community ratings are surveys of what our community members think about United Technologies Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of United Technologies Corporation stock can currently be purchased for approximately $112.77.
Consensus Ratings for United Technologies Corporation (NYSE:UTX) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||13 Hold Ratings, 4 Buy Ratings|
|Consensus Rating:||Hold (Score: 2.24)|
|Consensus Price Target: ||$124.13 (10.07% upside)|
Analysts' Ratings History for United Technologies Corporation (NYSE:UTX)
(Data available from 9/19/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|9/6/2017||Deutsche Bank AG||Lower Price Target||Hold||$125.00 -> $120.00||Low|
|9/6/2017||Bank of America Corporation||Reiterated Rating||Buy||$140.00||Low|
|9/6/2017||Cowen and Company||Downgrade||Outperform -> Market Perform||$127.00 -> $120.00||Medium|
|9/5/2017||Vertical Research||Downgrade||Buy -> Hold||$125.00||High|
|9/1/2017||Credit Suisse Group||Reiterated Rating||Neutral||Low|
|8/29/2017||Jefferies Group LLC||Reiterated Rating||Buy||$139.00||High|
|8/13/2017||Royal Bank Of Canada||Reiterated Rating||Hold||$125.00||Low|
|7/21/2017||Sanford C. Bernstein||Reiterated Rating||Market Perform||$130.00 -> $135.00||Low|
|7/10/2017||Morgan Stanley||Reiterated Rating||Overweight||$132.00 -> $138.00||Low|
|7/7/2017||Stifel Nicolaus||Reiterated Rating||Hold||$126.00||Low|
|6/12/2017||HSBC Holdings plc||Initiated Coverage||Hold -> Hold||$125.00||Low|
|1/26/2017||Barclays PLC||Boost Price Target||Equal Weight||$111.00 -> $114.00||N/A|
|1/26/2017||Argus||Downgrade||Buy -> Hold||$110.96 -> $115.00||N/A|
|1/20/2017||Robert W. Baird||Reiterated Rating||Neutral||$110.00||N/A|
|12/10/2016||Wells Fargo & Company||Reiterated Rating||Outperform||$117.50||N/A|
|10/10/2016||Citigroup Inc.||Downgrade||Buy -> Neutral||$99.20 -> $100.58||N/A|
|9/26/2016||J P Morgan Chase & Co||Reiterated Rating||Neutral||N/A|
|6/1/2016||Sterne Agee CRT||Downgrade||Buy -> Neutral||N/A|
|5/2/2016||Goldman Sachs Group, Inc. (The)||Downgrade||Buy -> Neutral||$103.00 -> $107.00||N/A|
Earnings History for United Technologies Corporation (NYSE:UTX)Earnings History by Quarter for United Technologies Corporation (NYSE UTX)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/25/2017||Q2 2017||$1.78||$1.85||$15.24 billion||$15.28 billion||View||N/A|
|4/26/2017||Q1 2017||$1.39||$1.48||$13.50 billion||$13.82 billion||View||N/A|
|1/25/2017||Q416||$1.56||$1.56||$14.70 billion||$14.70 billion||View||N/A|
|10/25/2016||Q316||$1.67||$1.76||$12.28 billion||$14.40 billion||View||Listen|
|7/26/2016||Q216||$1.68||$1.82||$14.67 billion||$14.90 billion||View||Listen|
|4/27/2016||Q116||$1.39||$1.47||$13.18 billion||$13.36 billion||View||Listen|
|1/27/2016||Q415||$1.52||$1.53||$15.35 billion||$14.30 billion||View||Listen|
|10/20/2015||Q315||$1.55||$1.61||$14.56 billion||$13.80 billion||View||Listen|
|7/21/2015||Q215||$1.71||$1.73||$16.52 billion||$16.30 billion||View||Listen|
|4/21/2015||Q115||$1.45||$1.58||$14.96 billion||$14.54 billion||View||N/A|
|1/26/2015||Q414||$1.63||$1.62||$17.15 billion||$17.00 billion||View||N/A|
|10/21/2014||Q314||$1.81||$2.04||$16.16 billion||$16.20 billion||View||Listen|
|7/22/2014||Q214||$1.70||$1.84||$16.81 billion||$17.20 billion||View||N/A|
|4/22/2014||Q114||$1.27||$1.32||$14.74 billion||$14.75 billion||View||Listen|
|1/22/2014||Q413||$1.52||$1.58||$17.09 billion||$16.80 billion||View||N/A|
|10/22/2013||Q313||$1.54||$1.55||$16.18 billion||$15.50 billion||View||N/A|
|7/23/2013||Q2 2013||$1.58||$1.65||$16.41 billion||$16.00 billion||View||N/A|
|4/23/2013||Q1 2013||$1.30||$1.39||$14.94 billion||$14.40 billion||View||N/A|
|1/23/2013||Q4 2012||$1.03||$1.04||$16.64 billion||$16.44 billion||View||N/A|
Earnings Estimates for United Technologies Corporation (NYSE:UTX)
2017 EPS Consensus Estimate: $6.41
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for United Technologies Corporation (NYSE:UTX)
|Most Recent Dividend:||9/10/2017|
|Dividend Growth:||6.10% (3 Year Average)|
|Payout Ratio:||42.68% (Trailing 12 Months of Earnings) |
42.55% (Based on This Year's Estimates)
40.46% (Based on Next Year's Estimates)
|Track Record:||5 Years of Consecutive Dividend Growth|
Dividend History by Quarter for United Technologies Corporation (NYSE UTX)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for United Technologies Corporation (NYSE:UTX)
Insider Ownership Percentage: 0.16%Insider Trades by Quarter for United Technologies Corporation (NYSE:UTX)
Institutional Ownership Percentage: 78.79%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|5/3/2017||Philippe Delpech||Insider||Sell||7,696||$120.32||$925,982.72|| |
|5/3/2017||Robert J Bailey||VP||Sell||2,702||$119.53||$322,970.06|| |
|2/24/2017||Robert J Bailey||VP||Sell||1,022||$112.26||$114,729.72|| |
|2/17/2017||Charles D Gill||VP||Sell||37,975||$112.01||$4,253,579.75|| |
|2/16/2017||Elizabeth B Amato||EVP||Sell||2,991||$112.02||$335,051.82|| |
|2/7/2017||Akhil Johri||VP||Sell||2,209||$111.41||$246,104.69|| |
|2/7/2017||Robert J Mcdonough||Insider||Sell||300||$111.32||$33,396.00|| |
|12/7/2016||Brian C Rogers||Director||Buy||5,000||$107.94||$539,700.00|| |
|11/10/2016||Robert J Bailey||VP||Sell||967||$106.46||$102,946.82|| |
|8/11/2016||Charles D Gill||VP||Sell||6,202||$109.00||$676,018.00|| |
|7/28/2016||Robert J Mcdonough||Insider||Sell||3,100||$107.11||$332,041.00|| |
|7/27/2016||Charles D Gill||VP||Sell||7,144||$108.05||$771,909.20|| |
|6/8/2016||Charles D Gill||VP||Sell||8,958||$102.04||$914,074.32|| |
|5/12/2016||Gregory Hayes||CEO||Sell||980||$102.15||$100,107.00|| |
|5/10/2016||Elizabeth B Amato||EVP||Sell||3,696||$102.12||$377,435.52|| |
|4/28/2016||David L Gitlin||Insider||Sell||7,091||$104.22||$739,024.02|| |
|2/2/2016||Fredric G Reynolds||Director||Buy||12,000||$86.20||$1,034,400.00|| |
|10/26/2015||Charles D. Gill||VP||Sell||4,000||$100.88||$403,520.00|| |
|10/26/2015||H Patrick Swygert||Director||Sell||1,000||$100.20||$100,200.00|| |
|10/31/2014||Jamie S Gorelick||Director||Sell||13,400||$107.35||$1,438,490.00|| |
|8/22/2014||Geraud Darnis||CEO||Sell||50,000||$109.45||$5,472,500.00|| |
|6/10/2014||Paul R Adams||COO||Sell||9,697||$119.04||$1,154,330.88|| |
|6/9/2014||Elizabeth B Amato||SVP||Sell||7,150||$120.08||$858,572.00|| |
|6/9/2014||Louis Chenevert||CEO||Sell||24,979||$119.00||$2,972,501.00|| |
|3/10/2014||Harold Mcgraw III||Director||Sell||4,395||$117.53||$516,544.35|| |
|3/5/2014||Alain Bellemare||CEO||Sell||7,000||$117.93||$825,510.00|| |
|2/26/2014||Paul Adams||COO||Sell||7,300||$116.53||$850,669.00|| |
|2/25/2014||Gregory Hayes||CFO||Sell||46,000||$116.51||$5,359,460.00|| |
|2/25/2014||Michael Maurer||Insider||Sell||11,300||$116.26||$1,313,738.00|| |
|2/24/2014||Charles Gill||VP||Sell||10,000||$117.08||$1,170,800.00|| |
|2/12/2014||Gregory Hayes||CFO||Sell||19,926||$112.22||$2,236,095.72|| |
|1/30/2014||Thomas Rogan||VP||Sell||5,499||$115.16||$633,264.84|| |
|1/29/2014||Christine Todd Whitman||Director||Sell||4,850||$113.50||$550,475.00|| |
|1/23/2014||Geraud Darnis||CEO||Sell||15,476||$114.77||$1,776,180.52|| |
|11/25/2013||Jean Pierre Garnier||Director||Sell||7,000||$110.50||$773,500.00|| |
|11/20/2013||Jamie Gorelick||Director||Sell||7,000||$109.27||$764,890.00|| |
|11/15/2013||Paul Adams||COO||Sell||8,000||$108.53||$868,240.00|| |
|9/16/2013||Gregory Hayes||CFO||Sell||146,033||$109.55||$15,997,915.15|| |
|8/2/2013||Riva Pedro Sainz De Baranda||Insider||Sell||9,400||$107.00||$1,005,800.00|| |
|7/31/2013||Thomas I Rogan||VP||Sell||6,456||$106.16||$685,368.96|| |
|7/29/2013||Alain Bellemare||CEO||Sell||32,000||$104.70||$3,350,400.00|| |
|7/29/2013||Charles D Gill||VP||Sell||5,356||$105.05||$562,647.80|| |
|6/14/2013||Andre F H Villeneuve||Director||Sell||6,000||$94.23||$565,380.00|| |
|5/21/2013||Thomas I Rogan||VP||Sell||5,908||$97.83||$577,979.64|| |
Headline Trends for United Technologies Corporation (NYSE:UTX)
Latest Headlines for United Technologies Corporation (NYSE:UTX)
United Technologies Corporation (UTX) Chart for Tuesday, September, 19, 2017