United Technologies Corp Buyback
OLI recorded this information on 2/4/2013
Company:
United Technologies Corp
Buyback:
UTX buyback
Share Amount Authorized:
60,000,000.00
Buyback Details:
The Board also authorized a share repurchase program for up to 60 million shares of the company's common stock worth approximately $5.4 billion at current prices. The new authorization replaces a previous program, approved in March 2010, which was nearing completion. The company continues to expect 2013 repurchases to total approximately $1.0 billion.
United Technologies provides technology products and services to the building systems and aerospace industries. Co. has four segments: Otis, which designs, manufactures, sells and installs passenger and freight elevators; Carrier, which provides heating, ventilating, air conditioning refrigeration, fire and security solutions; Pratt & Whitney, which supplies aircraft engines for the commercial, military, business jet and general aviation market; and Collins Aerospace Systems, which provides aerospace products and aftermarket service solutions for aircraft manufacturers, airlines, regional, business and general aviation markets, military and space operations.
Preferred: UTX.PRA
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Strong Buy (3.64 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
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