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United Tech (NYSE:UTX) Rating Upped by Argus to Buy

Argus Research Analyst Rating Change United Tech NYSE:UTX

United Tech (NYSE:UTX) Rating Increased

Argus gave United Tech (NYSE:UTX) shares a new Buy rating in a research note shared with investors on Friday, 9 February. This is increase from the last Hold rating.

According to data compiled by Thomson Reuters, United Tech (NYSE:UTX)’s stock is covered by 18 equity analysts across the Street, with 1 analysts giving it a Sell rating, 11 a Buy rating, while 10 consider it a Hold. The 12-month consensus target price for the stock is $111.72, which reflects an downside potential of 7.12% over the current price.

Institutional Ownership

Csu Producer Resources Inc. had the most significant stake with ownership of 15,000 shares as of q2 2015 for 8.95% of the long stock exposure. Southeastern Asset Management Inc Tn is another very bullish active investment manager who is owning 6.61 million shares of United Tech or 6.43% of their long stock exposure. Also, Meritage Group Lp have 5.77% of their long stock exposure invested in the company for 2.17 million shares. The California-based fund First Pacific Advisors Llc revealed it had purchased a stake worth about 5.47% of the active investment manager’s stock portfolio in United Tech. The California-based fund Saratoga Research & Investment Management is also positive about the stock, possessing 6.49 million shares or 5.05% of their long stock exposure.

United Tech (NYSE:UTX) Profile

United Technologies CorpUnited 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.

United Tech (NYSE:UTX) traded up 0.21% on 9 February, hitting $120.29. A total of 3.03M shares of the company’s stock traded hands. This is up from average of 2.92M shares. United Tech has a 52 week low of $106.85 and a 52 week high of $124.79. The company has a market cap of $96.06B and a P/E ratio of 18.61.

Get the latest United Tech (NYSE:UTX) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

The post United Tech (NYSE:UTX) Rating Upped by Argus to Buy appeared first on Octafinance.

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United Tech (NYSE:UTX) Rating Upped by Argus to Buy


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