Market Update (NYSE:UTX): Carrier® Launches Innovative Cor™ Home Automation System

[PR Newswire] – LAS VEGAS, Jan. 4, 2016 /PRNewswire/ — Carrier is pleased to introduce the Carrier® Cor™ smart home automation system – enabling homeowners to secure, control and remotely manage their home’s most critical systems from the convenience of an intuitive mobile app. Carrier, the world’s leader in high-technology heating, air-conditioning and refrigeration solutions, is a part of UTC Climate, Control & Security, a unit of United Technologies Corp. (UTX). With Cor home automation system enabled devices, homeowners are able to unlock their home for a scheduled service technician, program their lights to turn on at dusk or set their thermostat to adjust before they arrive home. Read more on this. United Technologies Corporation (UTX) , currently valued at $84.30B, started trading this morning at $94.45. Looking at the stock, its one day range is $93.96 to $95.13 and has traded between $85.50 and $124.45 over the past year. UTX shares are currently priced at 15.32x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 2.05x earnings multiple. And for those looking to make a return holding the stock, the company pays shareholders $2.56 per share annually in dividends, yielding 2.66%. In a review of the consensus earnings estimate this quarter, 19 sell-side analysts are looking at $1.51 per share, which would be $0.11 worse than the year-ago quarter and a $0.03 sequential decrease. The full-year EPS estimate is $6.27, which would be a $0.55 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $15.24 Billion. If realized, that would be a 10.35% decrease over the year-ago quarter. In terms of ratings, RBC Capital Mkts downgraded UTX from Outperform to Sector Perform (Oct 13, 2015). Previously, JP Morgan Initiated UTX at to Neutral. Investors should keep in mind is that the average price target is $108.47, which is 14.84% above where the stock opened this morning. See more in (NYSE:UTX) Similar Articles: Market Update: United Technologies Corp (NYSE:UTX) – United Technologies Recognized as World Leader for Action on Climate Change Market Update: Verizon Communications Inc (NYSE:VZ) – PumpAlarm.com’s Verizon Certified Home Monitoring Device Launches in Home Depot Market Update (NYSE:UTX): Carrier to Celebrate Environmental Milestone on Anniversary of Modern Air Conditioning