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
) pushed the Conglomerates sector lower today making it today's featured Conglomerates laggard. The sector as a whole closed the day down 1%. By the end of trading, United Technologies fell $1.11 (-1.4%) to $79.06 on average volume. Throughout the day, 3.6 million shares of United Technologies exchanged hands as compared to its average daily volume of four million shares. The stock ranged in price between $78.37-$79.88 after having opened the day at $79.53 as compared to the previous trading day's close of $80.17. Other companies within the Conglomerates sector that declined today were:
), down 5.5% and
), down 3.4%.
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United Technologies Corporation provides technology products and services to the building systems and aerospace industries worldwide. United Technologies has a market cap of $73.53 billion and is part of the
industry. The company has a P/E ratio of 13.6, below the average conglomerates industry P/E ratio of 14.1 and below the S&P 500 P/E ratio of 17.7. Shares are up 10.3% year to date as of the close of trading on Wednesday. Currently there are 16 analysts that rate United Technologies a buy, no analysts rate it a sell, and three rate it a hold.
TheStreet Ratings rates United Technologies as a
. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, notable return on equity, increase in stock price during the past year and increase in net income. We feel these strengths outweigh the fact that the company shows low profit margins.
- You can view the full United Ratings Report.
- Use our conglomerates section to find sector-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the conglomerates sector could consider
) while those bearish on the conglomerates sector could consider
- Find other investment ideas from our top rated ETFs lists.
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