Company Update (NYSE:UTX): United Technologies to present at Barclays Industrial Select Conference

[PR Newswire] – FARMINGTON, Conn., Feb. 10, 2016 /PRNewswire/ — A webcast of United Technologies Corp. (NYSE: UTX) President and Chief Executive Officer Gregory Hayes speaking at the Barclays Industrial Select Conference … Read more on this. United Technologies Corporation (UTX) , valued at $77.14B, began trading this morning at $87.36. During today’s session, UTX traded between $86.74 to $88.45 and has traded between $83.39 and $124.45 over the past 12 months. UTX shares are currently priced at 13.31x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry ’s 42.10x earnings multiple for the same period. The company pays shareholders $2.56 per share in dividend income per year, for a current yield of 2.91%. In a review of the consensus earnings estimate this quarter, 16 sell-side analysts are looking at $1.40 per share, which would be $0.18 worse than the year-ago quarter and a $0.06 sequential decrease. Investors should also note that the full-year EPS estimate of $6.52 is a $0.23 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $13.13 Billion. If reported, that would be a 9.70% 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 $105.88, which is 21.20% above where the stock opened this morning. See more in (NYSE:UTX) Similar Articles: Stock Update (NYSE:UTX): United Technologies to present at Cowen and Company 37th Annual Aerospace/Defense Conference Company Update: United Technologies Corp (NYSE:UTX) – Jim Cramer Says Buy SAP, United Technologies on a Pullback Company Update: United Technologies Corp (NYSE:UTX) – United Technologies Corp. Third Quarter Earnings Advisory to Securities Analysts, Investors and News Media