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Stock Update (NYSE:UTX): UTC Appoints Robert Leduc As President Of Pratt & Whitney; Paul R. Adams To Retire

[PR Newswire] – FARMINGTON, Conn., Jan. 14, 2016 /PRNewswire/ — United Technologies Corp. (UTX) today announced the appointment of Robert Leduc as President of Pratt & Whitney. Leduc, who most recently served UTC as President of Sikorsky Aircraft prior to its sale, succeeds Paul R. Adams, who is retiring at the end of February. Adams and Leduc will work over the next weeks to assure a smooth transition. Read more on this. United Technologies Corporation (UTX) , with a current market cap of $78.95B, opened at $89.08. Today, shares have traded between $87.86 and $89.58 per share and has traded between $85.50 and $124.45 over the past year. United Tech (UTX) shares are currently priced at 14.43x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 2.16x earnings multiple for the same period. And for those looking to make a return holding the stock, the company pays shareholders $2.56 per share annually in dividends, yielding 2.83%. In a review of the consensus earnings estimate this quarter, 19 sell-side analysts are looking at $1.52 per share, which would be $0.10 worse than the year-ago quarter and a $0.03 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $6.27, which would be a $0.55 worse when compared to the last year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $15.23 Billion. If realized, that would be a 10.41% decrease over the year-ago quarter. Recently, Bernstein downgraded UTX from Outperform to Mkt Perform (Jan 8, 2016). Previously, Sterne Agee CRT downgraded UTX from Buy to Neutral. When considering if the stock is under or overvalued, the average price target is $107.12, which is 20.25% above where the stock opened this morning. See more in (NYSE:UTX) Similar Articles: Stock Update (NASDAQ:MU): Micron president Adams to resign for health reasons Stock Update (NYSE:GE): Alex Dimitrief Named General Counsel and Senior Vice President for GE – Brackett Denniston to Retire from GE at the End of 2015 Company Update: United Technologies Corp (NYSE:UTX) – United Technologies Announces Geraud Darnis To Retire
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