United stock: buy or sell?

UTX stock price: $135.56 -1.43% At close on September 20th, 2019

Updated on:
September 20th, 2019

5

United shares slightly fell -1.43% to $135.56 today.

United Technologies Corporation provides technology products and services to building systems and aerospace industries worldwide.

Should I buy United stock?

Trading stocks requires experience and discipline, and your buying and selling decisions must come following a methodology. Trading strategies are meant for helping you in the decision process of what stocks to choose and when is the best moment to buy them. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.

None of our preferred buy setups matches with United Technologies stock situation right now, hence this is not a suitable entry point.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This is not a selling recommendation at all, just it's not the best moment to buy if you follow any of these trading strategies.

Is United stock a buy?

Banks and financial institutions post stock ratings everyday. At Stocks2.com, we detected 15 ratings published for UTX stock in the last month.

The general sentiment of these ratings is bullish for UTX stock, with 10 positive ratings.
Is UTX a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-9-4Cowenn/aBuy
2019-9-17Sanford C. Bernsteinn/aMarket Perform
2019-7-25Bank of American/aBuy
2019-7-24Barclaysn/aOverweight
2019-6-24CowenMarket PerformOutperform
2019-6-14Vertical ResearchHoldBuy
2019-6-10Seaport Global SecuritiesNeutralBuy
2019-5-20Morgan Stanleyn/aOverweight
2019-4-24Royal Bank of Canadan/aSector Perform
2019-4-24BarclaysOverweightOverweight
2019-2-22JPMorgan Chase & Co.n/aOverweight
2019-2-1Goldman Sachs GroupBuyConviction-Buy
2019-1-3Citigroupn/aNeutral
2019-1-24Royal Bank of Canadan/aSector Perform
2019-1-24Bank of American/aBuy

United stock analysis

Daily outlook

Shares of United ended today at $135.56 and slightly fell a fatal -1.43%.

On May, UTX hit a new all time high, pushing higher than late February 2017 tops. Check different trading setups that use ATHs as triggers. United Technologies slightly fell a fatal -1.43% and closed at $135.56. On Aug 28th UTX price bounced up over the SMA of 200 days demonstrating to be a significant support for this stock. UTX is retaking the upward trend marking a new rising bottom heading to break out over $139.40. Since last May when SMA100d and SMA200d crossed up, UTX price gained $6.41 per share (4.96%).

UTX stock chart (daily)

Weekly outlook

United Technologies depreciated a tragic -1.81% this week. Late August UTX skyrocketed a wonderful 5.24% in just one week.

Far behind is the all-time high United marked late April but price is just -5.04% below that top. Late August UTX price bounced up over the SMA of 40 weeks that acted as support stopping new slides. Since late May when SMA20w and SMA40w crossed up, UTX price gained $2.60 per share (1.96%).

UTX stock chart (weekly)

United stock price history

United stock historical price chart

UTX stock reached all-time highs on May with a price of $142.76.

United stock price target is $159.40

Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. For the last 30 days we found 11 price targets for UTX stock:
UTX stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-9-4CowenReiteratesn/a$150.00-
2019-9-17Sanford C. BernsteinReiterates$143.00$154.007.7%
2019-7-25Bank of AmericaRaises Target$185.00$195.005.4%
2019-7-24BarclaysRaises Target$149.00$153.002.7%
2019-6-24CowenUpgrades$135.00$150.0011.1%
2019-6-10Seaport Global SecuritiesUpgradesn/a$165.00-
2019-5-20Morgan StanleyRaises Target$155.00$164.005.8%
2019-4-24Royal Bank of CanadaReiteratesn/a$159.00-
2019-4-24BarclaysRaises Target$142.00$149.004.9%
2019-1-24Royal Bank of CanadaRaises Targetn/a$129.00-
2019-1-24Bank of AmericaReiteratesn/a$185.00-
(in average)$151.50$159.405.0%
Moving in a range from $195.00 and $129.00, the price target for United Technologies stock is $159.40. In average, analysts' outlook on UTX price target is positive, improving the prediction by a 5.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

Since April, when United Technologies presented its last earnings report, it . As soon as we get its posted EPS from the earnings report, we will extend this review.
UTX earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q2-n/a1.86n/a
2017-Q32017-10-241.681.733.0%
2017-Q42018-01-241.561.62.6%
2018-Q12018-04-241.511.7717.2%
2018-Q22018-07-241.851.976.5%
2018-Q32018-10-231.811.936.6%
2018-Q42019-01-231.511.9529.1%
2019-Q12019-04-221.74n/an/a
2019-Q2-n/an/an/a
2019-Q3-n/an/an/a

Annual financial results

In 2018, United Technologies annual turnover skyrocketed a great 11.14% to $66,501.00 million dollars from $59,837.00 marked in 2017. When comparing 2018 vs 2017, in contrary, profit margin (that is, the net income divided by revenues) remained steady a 0.32% to 7.92%.

United fiscal year ends in December, and to compare its evolution since then, we estimate annual sales and income figures by adding results from the last 4 quarters. This is called TTM (or Twelve Trailing Months). So, United TTM sales up to March 2019 were $69,624.00 and earnings $5,318.00 M USD. When comparing this TTM figures with the last reported annuality, we can review United business evolution since December 2018: Annual turnover up to March, compared to lastest yearly report, inched a beatiful 4.70%. Instead, profit margin (net income/sales) stayed constant at 7.92%.

UTX annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$62,650 M-$5,690 M9.1%-
2014$65,100 M3.91%$6,220 M9.6%9.31%
2015$56,098 M-13.83%$7,608 M13.6%22.32%
2016$57,244 M2.04%$5,055 M8.8%-33.56%
2017$59,837 M4.53%$4,552 M7.6%-9.95%
2018$66,501 M11.14%$5,269 M7.9%15.75%
TTM $69,624 M4.70%$5,318 M7.6%0.93%

Quarterly financial results

United reported $18,365.00 million in revenues for 2019-Q1, a 1.78% improvement compared to previous quarter. Reported quarter income marked $1,346.00 M with a profit margin of 7.33%. Profit margin gained a 3.53% compared to previous quarter when profit margin was 3.80%. When comparing turnover to same quarter last year, United Technologies sales marked an exceptional gain and boosted a 20.49%. Looking back to recent quarterly results, United Technologies posted 2 negative quarters in a row.
UTX quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q2$15,290 M-$1,440 M9.4%-
2017-Q3$15,040 M-1.64%$1,330 M8.8%-7.64%
2017-Q4$15,680 M4.26%$397 M2.5%-70.15%
2018-Q1$15,242 M-2.79%$1,297 M8.5%226.70%
2018-Q2$16,705 M9.60%$2,048 M12.3%57.90%
2018-Q3$16,510 M-1.17%$1,238 M7.5%-39.55%
2018-Q4$18,044 M9.29%$686 M3.8%-44.59%
2019-Q1$18,365 M1.78%$1,346 M7.3%96.21%

United ownership

When you are planning to buy a company, it's worth to review its ownership structure.

Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For United, 0.09% of all outstanding shares are owned by its staff.

Bearish positions for UTX stock account 0.00%, no big difference from last month.

The following table compares ownership indicators for other stocks related to United Technologies:

UTXBAGEHONLMT
Market cap$117.0 B$216.3 B$82.2 B$121.2 B$111.1 B
Total shares862.8 M562.7 M8,730.0 M719.5 M282.4 M
Float shares759.8 M562.0 M8,710.0 M687.1 M237.9 M
  - Institutional holdings (%)81.9%70.6%58.6%77.1%78.7%
  - Insider holdings (%)0.1%0.1%0.2%0.4%0.1%
Shares in short selling0.0%0.0%0.0%0.0%0.0%

United summary

Friday, September 20th, 2019
Open$137.60
Close$135.56
Day range$135.56 - $138.46
Previous close$137.53
Session gain-1.43%
Average true range$2.06
50d mov avg$131.08
100d mov avg$130.77
200d mov avg$125.84
Daily patternlb02a
Weekly pattern

United performance

To measure stock performance is always good to benchmark with competitors or related stocks. We compared United against Boeing, General Electric, Honeywell International, Lockheed Martin, Northrop Grumman, SIFCO Industries and Triumph in the following table:
Stock3m6m12m
UTXUnited Technologi...5.91%9.56%-2.36%
BABoeing4.03%7.42%5.53%
GEGeneral Electric-9.94%-5.42%-19.14%
HONHoneywell Interna...-2.92%9.13%7.19%
LMTLockheed Martin10.11%35.46%19.67%
NOCNorthrop Grumman17.00%41.06%24.52%
SIFSIFCO Industries-3.44%-18.55%-47.48%
TGITriumph32.29%30.35%7.56%

United competitors

We picked a few stocks to conform a list of United Technologies competitors to check if you are interested in investing in UTX:

Latest United stock news