United Technologies

(

UTX

) pushed the Conglomerates sector higher today making it today's featured conglomerates winner. The sector as a whole closed the day up 4.5%. By the end of trading, United Technologies rose $3.62 (5%) to $76.60 on average volume. Throughout the day, 5.2 million shares of United Technologies exchanged hands as compared to its average daily volume of 5.3 million shares. The stock ranged in a price between $75.34-$76.93 after having opened the day at $75.59 as compared to the previous trading day's close of $72.98. Other companies within the Conglomerates sector that increased today were:

Lydall Inc

(

LDL

), up 9%,

Tredegar Corporation

(

TG

), up 8.5%,

Leucadia National Corporation

(

LUK

), up 7.8%, and

3M

(

MMM

), up 4.9%.

United Technologies Corporation provides technology products and services to the building systems and aerospace industries worldwide. United Technologies has a market cap of $64.37 billion and is part of the

conglomerates

industry. The company has a P/E ratio of 13.7, above the average conglomerates industry P/E ratio of 13.3 and below the S&P 500 P/E ratio of 17.7. Shares are down 7.3% year to date as of the close of trading on Tuesday.

TheStreet Ratings rates United as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, good cash flow from operations, increase in net income and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows low profit margins.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the conglomerates sector could consider

SPDR Trust Series one

(

SPY

) while those bearish on the conglomerates sector could consider

ProShares Short S&P 500

(

SH

).

null