Dow Today: United Technologies (UTX) Lower

The Dow Jones Industrial Average ( ^DJI) is trading up 37 points (+0.3%) at 13,231 as of Thursday, Mar 15, 2012, 3:35 p.m. ET. During this time, 856.4 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 1,754 issues advancing vs. 1,241 declining with 102 unchanged.

Holding back the Dow today is United Technologies (NYSE: UTX), which is lagging the broader Dow index with a 10-cent decline (-0.1%) bringing the stock to $86.71. Volume for United Technologies currently sits at 5.9 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 18.8% year to date as of Wednesday's close. The stock's dividend yield sits at 2.2%.

United Technologies Corporation provides technology products and services to the building systems and aerospace industries worldwide. The company has a P/E ratio of 15.8, 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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