NEW YORK (TheStreet) -- United Technologies (UTX) - Get Report stock is advancing 1.77% to $93.17 in afternoon trading on Wednesday, as Honeywell (HON) looks for a buyer for its building solutions business, according to the Wall Street Journal. 

Honeywell confirmed on Tuesday that it has been involved in discussions about a potential merger with United Technologies. 

However, United Technologies CEO told TheStreet's Jim Cramer in an interview on CNBC's Squawk on the Street yesterday that a deal with Honeywell "ain't gonna happen" due to regulatory hurdles.

Honeywell has nonetheless continued to pressure United Technologies to engage in merger talks, claiming that there are no significant regulatory obstacles to combining the two industrial giants, the Journal notes. 

Honeywell's building solutions unit, which makes sensing and security technologies, could be worth between $3 billion and $4 billion, the Journal adds.

Separately, TheStreet Ratings team rates the stock as a "hold" with a ratings score of C.

United Technologies' strengths such as its compelling growth in net income, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures are countered by weaknesses including a generally disappointing performance in the stock itself, disappointing return on equity and feeble growth in the company's earnings per share.

You can view the full analysis from the report here: UTX

TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.

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