Dow Today: United Technologies (UTX) Lower

The Dow Jones Industrial Average ( ^DJI) is trading down 71.0 points (-0.5%) at 13,053 as of Thursday, Mar 22, 2012, 12:35 p.m. ET. During this time, 336.6 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 632 issues advancing vs. 2,293 declining with 95 unchanged.

Holding back the Dow today is United Technologies (NYSE: UTX), which is lagging the broader Dow index with a 93-cent decline (-1.1%) bringing the stock to $81.79. This single loss is lowering the Dow Jones Industrial Average by 7.04 points or roughly accounting for 9.9% of the Dow's overall loss. Volume for United Technologies currently sits at 2.6 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 13.2% year to date as of Wednesday'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 15.4, 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, increase in stock price during the past year, growth in earnings per share, increase in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins.
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