Market Update (NYSE:UTX): Kidde Showcases Line of Smart Home Technologies at CES 2016

[PR Newswire] – MEBANE, N.C., Jan. 5, 2016 /PRNewswire/ — Kidde will showcase its smart home technologies at the 2016 International Consumer Electronics Show (CES). With its RemoteLync™ products, Kidde offers devices for smart homeowners who want to keep tabs on potential safety and security risks at home through simple, easy-to-use monitoring. Kidde, a leading manufacturer of residential fire safety products, is a part of UTC Climate, Controls & Security, a unit of United Technologies Corp. (UTX). Read more on this. United Technologies Corporation (UTX) , with a current market cap of $84.72B, began trading this morning at $95.18. Looking at today’s trading action, the company’s one day range from $94.80 to $96.00 and has traded between $85.50 and $124.45 over the past year. UTX shares are currently priced at 15.24x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 2.05x earnings multiple for the same period. And for those looking to make a return holding the stock, the company pays shareholders $2.56 per share annually in dividends, yielding 2.66%. Consensus earnings for the current quarter by the 19 sell-side analysts covering the stock is an estimate of $1.52 per share, which would be $0.10 worse than the year-ago quarter and a $0.02 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $6.27 would be a $0.55 setback when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $15.24 Billion. If reported, that would be a 10.35% decrease over the year-ago quarter. Recently, RBC Capital Mkts downgraded UTX from Outperform to Sector Perform (Oct 13, 2015). Previously, JP Morgan Initiated UTX at to Neutral. With the above information in mind, readers should note that the average price target is $107.65, which is 13.10% above where the stock opened this morning. See more in (NYSE:UTX) Similar Articles: Company Update: United Technologies Corp (NYSE:UTX) – Kidde RemoteLync™ Camera Offers Smart, Simple Security Market Update: United Technologies Corp (NYSE:UTX) – United Technologies Recognized as World Leader for Action on Climate Change Market Update: United Technologies Corp (NYSE:UTX) – United Technologies Research Centre Ireland leads Clean Sky 2 contract
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