Dow Today: United Technologies (UTX) Higher

The Dow Jones Industrial Average ( ^DJI) is trading up 110 points (+0.8%) at 13,069 as of Tuesday, Mar 13, 2012, 11:40 a.m. ET. During this time, 250.4 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 818.6 million. The NYSE advances/declines ratio sits at 2,266 issues advancing vs. 666 declining with 91 unchanged.

The Dow component leading the way higher looks to be United Technologies (NYSE: UTX), which is sporting a $1.66 gain (+2%) bringing the stock to $85.65. This single gain is lifting the Dow Jones Industrial Average by 12.56 points or roughly accounting for 11.4% of the Dow's overall gain. Volume for United Technologies currently sits at two million shares traded vs. an average daily trading volume of 4.4 million shares.

United Technologies has a market cap of $70.48 billion and is part of the conglomerates sector and conglomerates industry. Shares are up 14.9% year to date as of Monday's close. The stock's dividend yield sits at 2.3%.

United Technologies Corporation provides technology products and services to the building systems and aerospace industries worldwide. The company has a P/E ratio of 15.2, above the average conglomerates industry P/E ratio of 14.6 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates United Technologies as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, increase in stock price during the past year 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.
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