Dow Today: United Technologies (UTX) Higher
The
Dow Jones Industrial Average
(
^DJI
) is trading up 48 points (+0.4%) at 12,849 as of Monday, Feb 13, 2012, 12:39 p.m. ET. During this time, 327 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 2,201 issues advancing vs. 768 declining with 97 unchanged.
The Dow component leading the way higher looks to be
(NYSE:
), which is sporting a 68-cent gain (+0.8%) bringing the stock to $84.18. This single gain is lifting the Dow Jones Industrial Average by 5.15 points or roughly accounting for 10.7% of the Dow's overall gain. Volume for United Technologies currently sits at two 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 14.2% year to date as of Friday's close. The stock's dividend yield sits at 2.3%.
United Technologies Corporation provides technology products and services to the building systems and aerospace industries worldwide. The company has a P/E ratio of 15.3, above the average conglomerates industry P/E ratio of 14.6 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. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.
- You can view the full United Ratings Report.
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