Dow Today: United Technologies (UTX) Lower

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 down 114.0 points (-0.8%) at 13,895 as of Monday, Feb 4, 2013, 12:35 p.m. ET. During this time, 285 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 632.6 million. The NYSE advances/declines ratio sits at 637 issues advancing vs. 2,301 declining with 114 unchanged.
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Holding back the Dow today is United Technologies (NYSE: UTX), which is lagging the broader Dow index with a 51-cent decline (-0.6%) bringing the stock to $89.33. This single loss is lowering the Dow Jones Industrial Average by 3.86 points or roughly accounting for 3.4% of the Dow's overall loss. Volume for United Technologies currently sits at 3.1 million shares traded vs. an average daily trading volume of four million shares.

United Technologies has a market cap of $80.26 billion and is part of the conglomerates sector and conglomerates industry. Shares are up 6.8% year to date as of Friday'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 15.5, 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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