Only Eight Dow Components With Recent Insider Buying, UTX is One of Them
The officers and directors of a company tend to have a unique inside view into the business, so when these insiders make purchases, investors are wise to take notice. Presumably the only reason for a company insider to choose to take their hard-earned cash and use it to buy stock in the open market, is that they expect to make money - maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. Within the 30 components of the Dow Jones Industrial Average, only eight companies have experienced such buying over the trailing six month period, one of which was United Technologies Corp (Symbol: UTX), where an investment totaling $1.1M was made by Director Fredric G. Reynolds. Click Here to Learn Which Other Seven Dow Components Also Had Recent Insider Buying »
Fredric G. Reynolds
Reynolds's average cost works out to $121.58/share. Shares of United Technologies Corp were changing hands at $134.80 at last check, trading up about 0.6% on Tuesday. The chart below shows the one year performance of UTX shares, versus its 200 day moving average:
Looking at the chart above, UTX's low point in its 52 week range is $109.10 per share, with $139.24 as the 52 week high point - that compares with a last trade of $134.80.
The current annualized dividend paid by United Technologies Corp is $2.8/share, currently paid in quarterly installments, and its most recent dividend has an upcoming ex-date of 08/16/2018. Below is a long-term dividend history chart for UTX, which can be of good help in judging whether the most recent dividend with approx. 2.1% annualized yield is likely to continue.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.