Dow Today: United Technologies (UTX) Lower
The
Dow Jones Industrial Average
(
^DJI
) is trading down 56 points (-0.4%) at 12,822 as of Wednesday, Feb 15, 2012, 12:40 p.m. ET. During this time, 350.3 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 1,711 issues advancing vs. 1,195 declining with 130 unchanged.
Holding back the Dow today is
(NYSE:
), which is lagging the broader Dow index with a 93-cent decline (-1.1%) bringing the stock to $83.23. This single loss is lowering the Dow Jones Industrial Average by 7.04 points or roughly accounting for 12.6% of the Dow's overall loss. Volume for United Technologies currently sits at 2.2 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 15.8% year to date as of Tuesday'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 15.5, 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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