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 122 points (+0.8%) at 15,032 as of Thursday, Jun 27, 2013, 11:35 a.m. ET. During this time, 200.4 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 623 million. The NYSE advances/declines ratio sits at 2,561 issues advancing vs. 426 declining with 55 unchanged.
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The Dow component leading the way higher looks to be United Technologies (NYSE: UTX), which is sporting a 27-cent gain (+0.3%) bringing the stock to $93.25. This single gain is lifting the Dow Jones Industrial Average by 2.04 points or roughly accounting for 1.7% of the Dow's overall gain. Volume for United Technologies currently sits at 1.7 million shares traded vs. an average daily trading volume of 3.4 million shares.

United Technologies has a market cap of $84.37 billion and is part of the industrial goods sector and industrial industry. Shares are up 13.4% 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 16.9, 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, 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.

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