Dow Jones Industrial Average
) is trading up 87 points (+0.7%) at 12,541 as of Tuesday, May 29, 2012, 12:35 p.m. ET. During this time, 293.8 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 728.1 million. The NYSE advances/declines ratio sits at 2,099 issues advancing vs. 841 declining with 113 unchanged.
The Dow component leading the way higher looks to be
), which is sporting a $1.63 gain (+2.2%) bringing the stock to $74.65. This single gain is lifting the Dow Jones Industrial Average by 12.34 points or roughly accounting for 14.2% of the Dow's overall gain. Volume for United Technologies currently sits at 2.7 million shares traded vs. an average daily trading volume of 3.8 million shares.
United Technologies has a market cap of $66.55 billion and is part of the
industry. Shares are down 0.1% year to date as of Friday's close. The stock's dividend yield sits at 2.6%.
United Technologies Corporation provides technology products and services to the building systems and aerospace industries worldwide. The company has a P/E ratio of 12.7, 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
. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, 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 sub par growth in net income.
- You can view the full United Ratings Report.