With Sikorsky sale done, United Technologies eyes acquisitions

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Go back to With Sikorsky sale done, United Technologies eyes acquisitions

RBC Capital Cuts Price Target to $114 Following United Technologies (UTX) 2Q EPS Beat

July 22, 2015 7:40 AM EDT

RBC Capital maintained an Outperform rating on United Technologies (NYSE: UTX), and cut the price target to $114.00 (from $141.00), following its 2Q15 earnings report. UTX reported 2Q15 EPS of $1.73, beating consensus by 2c. Management decided to cut 2015 guidance with the EPS forecast declining from $6.356.55 to $6.156.30. Analyst... More

United Tech CEO says ready to 'turn up the heat' on acquisitions

July 21, 2015 3:41 PM EDT

By Lewis Krauskopf

(Reuters) - United Technologies Corp (NYSE: UTX) is ready to "turn up the heat on M&A" now that the U.S. conglomerate has agreed to sell its Sikorsky helicopter business, Chief Executive Greg Hayes said in an... More

United Technologies (UTX) Tops Q2 EPS by 2c; Cuts FY15 Outlook

July 21, 2015 6:59 AM EDT

United Technologies (NYSE: UTX) reported Q2 EPS of $1.73, $0.02 better than the analyst estimate of $1.71. Revenue for the quarter came in at $16.3 billion versus the consensus estimate of $16.52 billion.

As announced yesterday, UTC has reached an agreement to sell Sikorsky to Lockheed Martin for $9... More