Dow Today: United Technologies (UTX) Higher

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

The Dow Jones Industrial Average ( ^DJI) is trading up 146 points (+1.1%) at 14,006 as of Friday, Feb 1, 2013, 1:35 p.m. ET. During this time, 386.1 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 634.5 million. The NYSE advances/declines ratio sits at 2,391 issues advancing vs. 580 declining with 80 unchanged.
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The Dow component leading the way higher looks to be United Technologies (NYSE: UTX), which is sporting a $2.30 gain (+2.6%) bringing the stock to $89.88. This single gain is lifting the Dow Jones Industrial Average by 17.41 points or roughly accounting for 11.9% of the Dow's overall gain. Volume for United Technologies currently sits at 3.4 million shares traded vs. an average daily trading volume of 3.9 million shares.

United Technologies has a market cap of $81.66 billion and is part of the conglomerates sector and conglomerates industry. Shares are up 8.6% year to date as of Thursday's close. The stock's dividend yield sits at 2.4%.

United Technologies Corporation provides technology products and services to the building systems and aerospace industries worldwide. The company has a P/E ratio of 15.7, 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 net income, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins.

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