United Technologies Corp (UTX): Today's Featured Industrial Laggard

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

United Technologies ( UTX) pushed the Industrial industry lower today making it today's featured Industrial laggard. The industry as a whole closed the day down 0.6%. By the end of trading, United Technologies fell $1.00 (-1.1%) to $92.68 on average volume. Throughout the day, 2,543,215 shares of United Technologies exchanged hands as compared to its average daily volume of 3,347,300 shares. The stock ranged in price between $92.47-$94.84 after having opened the day at $94.60 as compared to the previous trading day's close of $93.68. Other companies within the Industrial industry that declined today were: IntriCon Corporation ( IIN), down 12.7%, China BAK Battery ( CBAK), down 9.0%, Dixie Group ( DXYN), down 7.2% and Altair Nanotechnologies ( ALTI), down 6.8%.
  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass

United Technologies Corporation provides technology products and services to the building systems and aerospace industries worldwide. United Technologies has a market cap of $86.5 billion and is part of the industrial goods sector. The company has a P/E ratio of 17.3, below the S&P 500 P/E ratio of 17.7. Shares are up 14.2% year to date as of the close of trading on Tuesday. Currently there are 15 analysts that rate United Technologies a buy, no analysts rate it a sell, and 3 rate it a hold.

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, compelling growth 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 weak operating cash flow.

On the positive front, Continental Materials Corporation ( CUO), down 22.3%, China Recycling Energy Corporation ( CREG), down 16.3%, China Ming Yang Wind Power Group ( MY), down 10.3% and UQM Technologies ( UQM), down 7.5%.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the industrial industry could consider SPDR Dow Jones Industrial Average ( DIA) while those bearish on the industrial industry could consider ProShares UltraShort Industrials ( SIJ).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
null

If you liked this article you might like

Irma and Harvey Busted Algos; Probably Done Deals Under Trump: Best of Cramer

Cramer: Under Trump, These Are Probably Done Deals

Cramer: Northrop-Orbital Deal Is Bigger Than Just the Synergies

S&P 500 and Dow Score Records With Wall Street Upbeat Ahead of Fed

Honeywell Relocating Global Retail HQ to Massachusetts