Insider Selling: United Technologies SVP Sells 7,150 Shares of Stock (UTX)

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United Technologies (NYSE:UTX) SVP Elizabeth B. Amato sold 7,150 shares of the company’s stock on the open market in a transaction dated Monday, June 9th. The shares were sold at an average price of $120.08, for a total transaction of $858,572.00. Following the transaction, the senior vice president now directly owns 16,554 shares of the company’s stock, valued at approximately $1,987,804. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of United Technologies in a research note on Thursday, April 24th. They now have a $126.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of United Technologies in a research note on Wednesday, April 23rd. They now have a $125.00 price target on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of United Technologies in a research note on Wednesday, April 23rd. They now have a $127.00 price target on the stock. Four analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. United Technologies has an average rating of “Buy” and a consensus price target of $125.26.

United Technologies (NYSE:UTX) traded down 0.55% during mid-day trading on Wednesday, hitting $118.47. The stock had a trading volume of 908,679 shares. United Technologies has a 1-year low of $90.30 and a 1-year high of $120.66. The stock has a 50-day moving average of $117.0 and a 200-day moving average of $114.. The company has a market cap of $108.6 billion and a price-to-earnings ratio of 19.27.

United Technologies (NYSE:UTX) last posted its quarterly earnings results on Tuesday, April 22nd. The company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.05. The company had revenue of $14.75 billion for the quarter, compared to the consensus estimate of $14.74 billion. During the same quarter in the previous year, the company posted $1.28 earnings per share. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. Analysts expect that United Technologies will post $6.85 EPS for the current fiscal year.

United Technologies Corporation (NYSE:UTX) provides high technology products and services to the building systems and aerospace industries worldwide.

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