United Technologies Co. (NYSE:UTX) had its price target cut by Argus from $125.00 to $105.00 in a report issued on Thursday, Market Beat reports. They currently have a buy rating on the stock.

Shares of United Technologies (NYSE:UTX) traded down 1.69% on Thursday, reaching $86.08. The company’s stock had a trading volume of 3,523,317 shares. The stock has a 50-day moving average price of $91.10 and a 200-day moving average price of $94.69. United Technologies has a 1-year low of $83.39 and a 1-year high of $124.45. The company has a market capitalization of $73.17 billion and a price-to-earnings ratio of 9.98.

United Technologies (NYSE:UTX) last posted its quarterly earnings results on Wednesday, January 27th. The company reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.01. The company earned $14.30 billion during the quarter, compared to analyst estimates of $15.35 billion. United Technologies’s revenue for the quarter was down 4.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.67 EPS. On average, equities research analysts forecast that United Technologies will post $6.50 EPS for the current year.

A number of other research analysts also recently commented on the company. RBC Capital dropped their price objective on United Technologies from $104.00 to $100.00 and set a sector perform rating on the stock in a report on Thursday, January 28th. Sanford C. Bernstein downgraded United Technologies from an outperform rating to a market perform rating and dropped their price objective for the company from $116.00 to $104.00 in a report on Friday, January 8th. Sterne Agee CRT downgraded United Technologies from a buy rating to a neutral rating and set a $100.00 price objective on the stock. in a report on Wednesday, January 6th. Credit Suisse dropped their price objective on United Technologies from $108.00 to $104.00 and set a neutral rating on the stock in a report on Monday, December 14th. Finally, JPMorgan Chase & Co. increased their price objective on United Technologies from $102.00 to $105.00 and gave the company a neutral rating in a report on Friday, December 11th. Eleven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. United Technologies presently has an average rating of Hold and an average target price of $108.07.

Other institutional investors have recently modified their holdings of the company. BKS Advisors LLC boosted its position in shares of United Technologies by 3.8% in the fourth quarter. BKS Advisors LLC now owns 2,728 shares of the company’s stock valued at $262,000 after buying an additional 99 shares in the last quarter. Scott & Selber Inc. purchased a new position in shares of United Technologies during the fourth quarter valued at about $264,000. Palo Capital Inc. boosted its position in shares of United Technologies by 2.4% in the fourth quarter. Palo Capital Inc. now owns 2,800 shares of the company’s stock valued at $269,000 after buying an additional 65 shares in the last quarter. Meristem purchased a new position in shares of United Technologies during the fourth quarter valued at about $293,000. Finally, TNB Financial purchased a new position in shares of United Technologies during the fourth quarter valued at about $304,000.

United Technologies Corporation (NYSE:UTX) 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.

12 Month Chart for NYSE:UTX

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