The

Dow Jones Industrial Average

(

^DJI

) is trading up 189 points (+1.5%) at 13,076 as of Friday, Jul 27, 2012, 1:35 p.m. ET. During this time, 361.7 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 685.6 million. The NYSE advances/declines ratio sits at 2,555 issues advancing vs. 422 declining with 95 unchanged.

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The Dow component leading the way higher looks to be

United Technologies

(NYSE:

UTX

), which is sporting a $1.71 gain (+2.3%) bringing the stock to $74.64. This single gain is lifting the Dow Jones Industrial Average by 12.94 points or roughly accounting for 6.8% of the Dow's overall gain. Volume for United Technologies currently sits at 2.9 million shares traded vs. an average daily trading volume of 3.9 million shares.

United Technologies has a market cap of $66.17 billion and is part of the

conglomerates

sector and

conglomerates

industry. Shares are down 0.2% year to date as of Thursday's close. The stock's dividend yield sits at 2.9%.

United Technologies Corporation provides technology products and services to the building systems and aerospace industries worldwide. The company has a P/E ratio of 12.6, 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

buy

. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, notable return on equity and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

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