United Technologies Corp. (UTX) Pres. & CEO, UTC Climate, Cont Geraud Darnis sells 30,000 Shares

Pres. & CEO, UTC Climate, Cont of United Technologies Corp. (UTX) Geraud Darnis sells 30,000 shares of UTX on 02/03/2012 at an average price of $80.89 a share.

United Technologies Corp. has a market cap of $73 billion; its shares were traded at around $80.57 with a P/E ratio of 14.6 and P/S ratio of 1.3. The dividend yield of United Technologies Corp. stocks is 2.4%. United Technologies Corp. had an annual average earning growth of 10.4% over the past 10 years. GuruFocus rated United Technologies Corp. the business predictability rank of 5-star.

This is the annual revenues and earnings per share of UTX over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of UTX.

CEO Recent Trades:

• Pres. & CEO, UTC Climate, Cont Geraud Darnis sold 9,977 shares of UTX stock on 10/25/2011 at the average price of 75.15. Geraud Darnis owns at least 13,845 shares after this. The price of the stock has increased by 7.21% since.

This is the insider trade history vs. stock price of UTX. For the complete insider trading history of UTX, click here.

Directors and Officers Recent Trades:

• President, Otis Elevator Didier Michaud-daniel sold 36,405 shares of UTX stock on 02/01/2012 at the average price of 79.98. Didier Michaud-daniel owns at least 609 shares after this. The price of the stock has increased by 0.74% since.
• Director Jean Pierre Garnier sold 3,555 shares of UTX stock on 12/19/2011 at the average price of 72.76. Jean Pierre Garnier owns at least 6,400 shares after this. The price of the stock has increased by 10.73% since.
• Director Andre F H Villeneuve sold 5,000 shares of UTX stock on 12/19/2011 at the average price of 72.7. Andre F H Villeneuve owns at least 4,800 shares after this. The price of the stock has increased by 10.83% since.
• Director Jamie S Gorelick sold 1,520 shares of UTX stock on 12/19/2011 at the average price of 72.7. Jamie S Gorelick owns at least 14,611 shares after this. The price of the stock has increased by 10.83% since.
• President, UTC Fire & Security Scott A. Buckhout sold 2,399 shares of UTX stock on 12/05/2011 at the average price of 78. Scott A. Buckhout owns at least 3,494 shares after this. The price of the stock has increased by 3.29% since.

For the complete insider trading history of UTX, click here.

Why CEOs Are Buying Stocks Of Their Own Companies?

1. As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
2. TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
3. Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.

Click it to Check Out What the CEO Are Trading

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