United Technologies Corporation provides technology products and services to the building systems and aerospace industries worldwide.
Established dividend payer with mediocre balance sheet.
Share Price & News
How has United Technologies's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: UTX has not had significant price volatility in the past 3 months.
7 Day Return
US Aerospace & Defense
1 Year Return
US Aerospace & Defense
Return vs Industry: UTX underperformed the US Aerospace & Defense industry which returned 24.8% over the past year.
Return vs Market: UTX underperformed the US Market which returned 20.3% over the past year.
Price Volatility Vs. Market
How volatile is United Technologies's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 year ago | Simply Wall StWas United Technologies Corporation's (NYSE:UTX) Earnings Decline Part Of A Broader Industry Downturn?
1 year ago | Simply Wall StWith A Return On Equity Of 16%, Has United Technologies Corporation's (NYSE:UTX) Management Done Well?
1 year ago | Simply Wall StDoes United Technologies Corporation (NYSE:UTX)'s Capital Return Make The Cut?
Is United Technologies undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: UTX ($150.68) is trading below our estimate of fair value ($198.3)
Significantly Below Fair Value: UTX is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: UTX is poor value based on its PE Ratio (23.3x) compared to the Aerospace & Defense industry average (20.8x).
PE vs Market: UTX is poor value based on its PE Ratio (23.3x) compared to the US market (18.3x).
Price to Earnings Growth Ratio
PEG Ratio: UTX is poor value based on its PEG Ratio (2.1x)
Price to Book Ratio
PB vs Industry: UTX is overvalued based on its PB Ratio (3.1x) compared to the US Aerospace & Defense industry average (2.8x).
How is United Technologies forecast to perform in the next 1 to 3 years based on estimates from 16 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: UTX's forecast earnings growth (11.2% per year) is above the savings rate (1.7%).
Earnings vs Market: UTX's earnings (11.2% per year) are forecast to grow slower than the US market (14.2% per year).
High Growth Earnings: UTX's earnings are forecast to grow, but not significantly.
Revenue vs Market: UTX's revenue (3.8% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: UTX's revenue (3.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: UTX's Return on Equity is forecast to be low in 3 years time (18.4%).
How has United Technologies performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: UTX has high quality earnings.
Growing Profit Margin: UTX's current net profit margins (7.2%) are lower than last year (7.9%).
Past Earnings Growth Analysis
Earnings Trend: UTX's earnings have declined by -0.3% per year over the past 5 years.
Accelerating Growth: UTX's earnings growth over the past year (5.1%) exceeds its 5-year average (-0.3% per year).
Earnings vs Industry: UTX earnings growth over the past year (5.1%) underperformed the Aerospace & Defense industry 10.8%.
Return on Equity
High ROE: UTX's Return on Equity (13.4%) is considered low.
Return on Assets
Return on Capital Employed
How is United Technologies's financial position?
Financial Position Analysis
Short Term Liabilities: UTX's short term assets ($37.5B) exceed its short term liabilities ($34.6B).
Long Term Liabilities: UTX's short term assets ($37.5B) do not cover its long term liabilities ($60.8B).
Debt to Equity History and Analysis
Debt Level: UTX's debt to equity ratio (98.3%) is considered high.
Reducing Debt: UTX's debt to equity ratio has increased from 60.4% to 98.3% over the past 5 years.
Debt Coverage: UTX's debt is well covered by operating cash flow (20.4%).
Interest Coverage: UTX's interest payments on its debt are well covered by EBIT (6.4x coverage).
Inventory Level: UTX has a low level of unsold assets or inventory.
Debt Coverage by Assets: UTX's debt is not covered by short term assets (assets are 0.9x debt).
What is United Technologies's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: UTX's dividend (1.95%) is higher than the bottom 25% of dividend payers in the US market (1.44%).
High Dividend: UTX's dividend (1.95%) is low compared to the top 25% of dividend payers in the US market (3.73%).
Stability and Growth of Payments
Stable Dividend: UTX's dividends per share have been stable in the past 10 years.
Growing Dividend: UTX's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (45.4%), UTX's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: UTX's dividends in 3 years are forecast to be well covered by earnings (32% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Greg Hayes (58yo)
Mr. Gregory J. Hayes, also known as Greg, has been the Chief Executive Officer and President at United Technologies Corporation since November 23, 2014 and has been its Chairman of the Board since Septembe ...
CEO Compensation Analysis
Compensation vs Market: Greg's total compensation ($USD18.42M) is above average for companies of similar size in the US market ($USD10.78M).
Compensation vs Earnings: Greg's compensation has been consistent with company performance over the past year.
|Executive Vice President||0.3yrs||US$6.45m||0.0050% $6.5m|
|President & CEO of Otis||0.7yrs||US$6.51m||0.000010% $12.9k|
|Acting Senior VP & Chief Financial Officer||0.3yrs||no data||0.00097% $1.3m|
|Executive VP of Operations & Strategy||3.1yrs||no data||0.0037% $4.7m|
|Chief Investment Officer & VP of Pension Investments||0yrs||no data||no data|
|Interim Chief Technology Officer||0.4yrs||no data||no data|
|Vice President of Investor Relations||0yrs||no data||no data|
|Executive VP & General Counsel||12.8yrs||US$4.47m||0.0066% $8.5m|
|Corporate Vice President of Global Ethics & Compliances||0yrs||no data||no data|
Experienced Management: UTX's management team is not considered experienced ( 0.7 years average tenure), which suggests a new team.
|Independent Director||7.4yrs||US$331.24k||0.00063% $813.0k|
|Independent Director||14.2yrs||US$326.24k||no data|
|Independent Director||16.2yrs||US$301.24k||0.00042% $542.0k|
|Independent Director||4.1yrs||US$326.24k||0.00058% $748.5k|
|Independent Director||23.1yrs||US$326.24k||0.0021% $2.7m|
|Independent Director||4.1yrs||US$341.24k||0.0026% $3.3m|
|Lead Director||0yrs||US$381.24k||no data|
|Independent Director||3.4yrs||US$336.24k||no data|
Experienced Board: UTX's board of directors are considered experienced (4.1 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: UTX insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 6.8%.
United Technologies Corporation's company bio, employee growth, exchange listings and data sources
- Name: United Technologies Corporation
- Ticker: UTX
- Exchange: NYSE
- Founded: 1934
- Industry: Aerospace and Defense
- Sector: Capital Goods
- Market Cap: US$129.052b
- Shares outstanding: 856.47m
- Website: https://www.utc.com
Number of Employees
- United Technologies Corporation
- 10 Farm Springs Road
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|UTX||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||Jan 1968|
|UTC1||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Jan 1968|
|0R2N||LSE (London Stock Exchange)||Yes||Common Stock||GB||USD||Jan 1968|
|UTX *||BMV (Bolsa Mexicana de Valores)||Yes||Common Stock||MX||MXN||Jan 1968|
|UTC1||XTRA (XETRA Trading Platform)||Yes||Common Stock||DE||EUR||Jan 1968|
|UTX||SNSE (Santiago Stock Exchange)||Yes||Common Stock||CL||USD||Jan 1968|
|UTX||ETLX (Eurotlx)||Yes||Common Stock||IT||EUR||Jan 1968|
|UTX||WBAG (Wiener Boerse AG)||Yes||Common Stock||AT||EUR||Jan 1968|
|UTX||BASE (Buenos Aires Stock Exchange)||CEDEARS EACH REP 1/5 COM USD1 (USD)||AR||ARS||Jul 2001|
|UTEC34||BOVESPA (Bolsa de Valores de Sao Paulo)||EACH BDR REPR 1 COM USD1||BR||BRL||Dec 2014|
United Technologies Corporation provides technology products and services to the building systems and aerospace industries worldwide. It offers passenger and freight elevators, escalators, and moving walkways; modernization products to upgrade elevators and escalators; and maintenance and repair services. The company also provides building systems, including cooling, heating, ventilation, refrigeration, fire, flame, gas, smoke detection, portable fire extinguishers, fire suppression, intruder alarms, access control systems, video surveillance, and building control systems; and building services, such as audit, design, installation, system integration, repair, maintenance, and monitoring. In addition, it supplies aircraft engines for commercial, military, business jet, and general aviation markets; and provides aftermarket maintenance, repair, and overhaul, as well as fleet management services. Additionally, the company offers electric power generation, power management, and distribution systems; air data and aircraft sensing systems; engine control, intelligence, surveillance, and reconnaissance systems; engine components; environmental control systems; fire and ice detection, and protection systems; propeller systems; engine nacelle systems; aircraft lighting, seating, and cargo systems; actuation and landing systems; space products and subsystems; avionics systems; precision targeting; electronic warfare and range systems; flight controls, communications, navigation, oxygen, and simulation and training systems; food and beverage preparation, and storage and galley systems; and lavatory and wastewater management systems. It provides its services through sales representatives, building contractors and owners, transportation companies and retail stores, and through joint ventures, independent sales representatives, distributors, wholesalers, and dealers. United Technologies Corporation was incorporated in 1934 and is headquartered in Farmington, Connecticut.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/20 01:52|
|End of Day Share Price||2020/02/19 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.