Dow Today: United Technologies (UTX) Higher
The
Dow Jones Industrial Average
(
^DJI
) is trading up 139 points (+1.1%) at 12,844 as of Friday, Feb 3, 2012, 1:39 p.m. ET. During this time, 558.2 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 2,372 issues advancing vs. 592 declining with 102 unchanged.
The Dow component leading the way higher looks to be
(NYSE:
), which is sporting a $1.14 gain (+1.4%) bringing the stock to $81.16. This single gain is lifting the Dow Jones Industrial Average by 8.63 points or roughly accounting for 6.2% of the Dow's overall gain. Volume for United Technologies currently sits at 3.1 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
sector and
industry. Shares are up 9.5% year to date as of Thursday'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 14.6, 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
. 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. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.
- You can view the full United Ratings Report.
null
