Dow Today: United Technologies (UTX) Higher

The Dow Jones Industrial Average (^DJI) is trading down 24 points (-0.2%) at 12,854 as of Wednesday, Feb 8, 2012, 12:40 p.m. ET. During this time, 464.5 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 818.6 million. The NYSE advances/declines ratio sits at 1,350 issues advancing vs. 1,551 declining with 148 unchanged.

The Dow component leading the way higher looks to be United Technologies (NYSE:UTX), which is sporting a 97-cent gain (+1.2%) bringing the stock to $81.25. Volume for United Technologies currently sits at three million shares traded vs. an average daily trading volume of 4.4 million shares.

United Technologies has a market cap of $70.48 billion and is part of the conglomerates sector and conglomerates industry. Shares are up 9.8% year to date as of Tuesday's close. The stock's dividend yield sits at 2.4%.

United Technologies Corporation provides technology products and services to the building systems and aerospace industries worldwide. The company has a P/E ratio of 14.7, equal to the average conglomerates industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates United Technologies as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, largely solid financial position with reasonable debt levels by most measures and notable return on equity. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

For more information on United Technologies Corp click any of the following:

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