) pushed the Conglomerates sector lower today making it today's featured Conglomerates loser. The sector as a whole closed the day up 0.1%. By the end of trading, United Technologies fell $1.56 (-2.1%) to $72.60 on average volume. Throughout the day, 4.8 million shares of United Technologies exchanged hands as compared to its average daily volume of 3.8 million shares. The stock ranged in price between $71.86-$73.59 after having opened the day at $73.48 as compared to the previous trading day's close of $74.16. Another company within the Conglomerates sector that decreased today was
), down 2%.
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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 $67.1 billion and is part of the
industry. The company has a P/E ratio of 12.8, equal to the average conglomerates industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 1.5% year to date as of the close of trading on Wednesday. Currently there are 15 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 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.
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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
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