Stock Update: United Technologies Corp (NYSE:UTX) – Honeywell says had offered to buy United Tech for $90.7 billion

[Reuters] – Aircraft parts maker Honeywell International Inc said on Friday it had offered to buy United Technologies Corp for about $90.7 billion. Honeywell said its offer of $108 per share comprised $42.63 share … Read more on this. United Technologies Corporation (UTX) , valued at $82.39B, opened at $99.94. Looking at the stock , its one day range is $98.30 to $100.39 with the price of the stock fluctuating between $83.39 to $123.55 over the last 52 weeks. United Tech (UTX) shares are currently priced at 14.38x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry ’s 40.95x earnings multiple for the same period. The company pays shareholders $2.56 per share annually in dividends, yielding 2.77%. According to a consensus of 19 analysts, the earnings estimate of $1.40 per share would be $0.18 worse than the year-ago quarter and a $0.06 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $6.51, which would be a $0.22 improvement when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $13.15 Billion. If reported, that would be a 9.56% decrease over the year-ago quarter. In terms of ratings, Bernstein downgraded UTX from Outperform to Mkt Perform (Jan 8, 2016). Previously, Sterne Agee CRT downgraded UTX from Buy to Neutral. The average price target for UTX shares is $105.28, which is 5.34% above where the stock opened this morning. See more in (NYSE:UTX) Similar Articles: Stock Update: United Technologies Corp (NYSE:UTX) – United Technologies Corp. Fourth Quarter Earnings Advisory to Securities Analysts, Investors and News Media Market Update: United Technologies Corp (NYSE:UTX) – Lockheed, United Tech to close Sikorsky deal by Friday Company Update: United Technologies Corp (NYSE:UTX) – United Technologies Corp. Third Quarter Earnings Advisory to Securities Analysts, Investors and News Media