United Technologies Corp (UTX): Today's Featured Conglomerates Winner

The conglomerates sector closed the day up 0.4%. Danaher Corporation ( DHR) were all winners today within the conglomerates sector with United Technologies ( UTX) being today's featured conglomerates winner. United Technologies rose 99 cents (1.4%) to $74.25 on average volume. Throughout the day, 4.9 million shares of United Technologies exchanged hands as compared to its average daily volume of 6.4 million shares.

United Technologies Corporation provides technology products and services to the building systems and aerospace industries worldwide. United Technologies has a market cap of $67.4 billion and is part of the conglomerates industry. The company has a P/E ratio of 14.4, equal to the average conglomerates industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 5.8% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates United as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, 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 shows weak operating cash flow.

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).

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