United Technologies Corporation (NYSE:UTX) – Will 3M Beat Out Dow Peers General Electric and United Technologies in 2014?

United Technologies Corporation (NYSE:UTX) [at Motley Fool] – 3M stock has soared more than 50% in 2013, easily surpassing the performance of the Dow Jones Industrials and of fellow conglomerates General Electric and United Technologies. But can the innovative giant …
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United Technologies Corp. (UTX), with a current market cap of $103.53B, started the session at $112.85.

Today, shares have traded between $112.44 and $113.03 per share with a one year range of $80.28 to $113.03.

Priced at 17.11x this year’s forecasted earnings, UTX shares are relatively expensive compared to the industry’s -4.25x forward p/e ratio.

The company pays shareholders $2.36 per share in dividend income per year, for a current yield of 2.10%.

In a review of the consensus earnings estimate this quarter, 21 sell-side analysts are looking at $1.53 per share, which would be $0.16 better than the year-ago quarter and a $0.02 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $6.15 is a $0.80 better when compared to the previous year’s annual results.

The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $16.22 Billion. If realized, that would be a 7.85% increase over the year-ago quarter.

In terms of ratings, Oppenheimer downgraded UTX from Outperform to Perform (Sep 28, 2012). Previously, Argus upgraded UTX from Hold to Buy.

When considering if perhaps the stock is under or overvalued, the average price target is $119.24, which is 5.66% above where the stock opened this morning.

United Technologies Corporation (NYSE:UTX), provides technology products and services to the building systems and aerospace industries worldwide. Its Otis segment designs, manufactures, sells and installs a range of passenger and freight elevators, escalators and moving walkways.

Tag Helper ~ Stock Code: UTX | Common Company name: United Tech | Full Company name: United Technologies Corporation (NYSE:UTX) .

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