Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
Dow Jones Industrial Average
) is trading down 244.0 points (-1.8%) at 13,101 as of Tuesday, Oct 23, 2012, 11:35 a.m. ET. During this time, 267.1 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 572.3 million. The NYSE advances/declines ratio sits at 382 issues advancing vs. 2,555 declining with 85 unchanged.
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Holding back the Dow today is
), which is lagging the broader Dow index with a 76-cent decline (-1%) bringing the stock to $77.07. This single loss is lowering the Dow Jones Industrial Average by 5.75 points or roughly accounting for 2.4% of the Dow's overall loss. Volume for United Technologies currently sits at 3.1 million shares traded vs. an average daily trading volume of 4.1 million shares.
United Technologies has a market cap of $71.11 billion and is part of the conglomerates sector and conglomerates industry. Shares are up 6.5% year to date as of Monday's close. The stock's dividend yield sits at 2.7%.
United Technologies Corporation provides technology products and services to the building systems and aerospace industries worldwide. The company has a P/E ratio of 13.1, below the average conglomerates industry P/E ratio of 13.6 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 increase in net income, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, notable return on equity and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows low profit margins.
- You can view the full United Ratings Report.
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