Revenue Update on United Technologies Corporation(NYSE:UTX)

United Technologies Corporation(NYSE:UTX) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 26, 2016. Company reported revenue of $14.87B. Analysts estimated a revenue of $14.67B. Earnings per share were $1.82. Analysts had estimated an EPS of $1.68.

In a different note, On May 3, 2016, RBC Capital said it Downgrades its rating on United Technologies Corporation. The shares have been rated ‘Sector Perform’ by the firm. On May 2, 2016, Goldman Sachs said it Downgrades its rating on United Technologies Corporation. In the research note, the firm Raises the price-target to $103.00 per share. The shares have been rated ‘Neutral’ by the firm.

United Technologies Corporation (UTX) made into the market gainers list on Fridays trading session with the shares advancing 0.07% or 0.07 points. Due to strong positive momentum, the stock ended at $107.65, which is also near the day’s high of $108.08. The stock began the session at $107.5 and the volume stood at 32,32,646 shares. The 52-week high of the shares is $108.49 and the 52 week low is $83.39. The company has a current market capitalization of $90,089 M and it has 83,68,65,680 shares in outstanding.

United Technologies Corporation has also declared a cash dividend of $0.6600 on Jun 8, 2016. The shares will quote ex-dividend on Aug 17, 2016 and the record date has been fixed on Aug 19, 2016. The dividend payable date has been fixed on Sep 10, 2016.

Several Insider Transactions has been reported to the SEC. On Jun 10, 2016, Charles D Gill (Executive VP & General Counsel) sold 8,958 shares at $102.04 per share price.Also, On May 13, 2016, Gregory Hayes (President and CEO) sold 980 shares at $102.15 per share price.On May 12, 2016, Elizabeth B Amato (EVP & Chief HR Officer) sold 3,696 shares at $102.12 per share price, according to the Form-4 filing with the securities and exchange commission.

United Technologies Corporation (UTC) provides high technology products and services to the building systems and aerospace industries across the world. The Company operates through five segments: Otis; UTC Climate Controls & Security; Pratt & Whitney; UTC Aerospace Systems and Sikorsky. Otis designs manufactures sells and installs a range of passenger and freight elevators for low- medium- and high-speed applications as well as a line of escalators and moving walkways. UTC Climate Controls & Security is a provider of heating ventilating air conditioning (HVAC) and refrigeration solutions. Pratt & Whitney segment supplies aircraft engines for the commercial military business jet and general aviation markets. UTC Aerospace Systems is a global provider of technologically advanced aerospace products and aftermarket service solutions. Its Sikorsky segment manufactures military and commercial helicopters and also provides aftermarket helicopter and aircraft parts and services.

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