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 14.0 points at 15,010 as of Friday, Jun 28, 2013, 11:35 a.m. ET. During this time, 189 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 621.9 million. The NYSE advances/declines ratio sits at 1,504 issues advancing vs. 1,380 declining with 115 unchanged.
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Holding back the Dow today is United Technologies (NYSE: UTX), which is lagging the broader Dow index with a 15-cent decline (-0.2%) bringing the stock to $93.36. This single loss is lowering the Dow Jones Industrial Average by 1.14 points or roughly accounting for 8.1% of the Dow's overall loss. Volume for United Technologies currently sits at 1.6 million shares traded vs. an average daily trading volume of 3.4 million shares.

United Technologies has a market cap of $85.48 billion and is part of the industrial goods sector and industrial industry. Shares are up 14% year to date as of Thursday'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 17.4, 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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