Dow Today: United Technologies (UTX) Higher

The Dow Jones Industrial Average ( ^DJI) is trading up 153 points (+1%) at 15,062 as of Monday, Jul 1, 2013, 12:35 p.m. ET. During this time, 225.2 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 621.4 million. The NYSE advances/declines ratio sits at 2,343 issues advancing vs. 631 declining with 69 unchanged.
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The Dow component leading the way higher looks to be United Technologies (NYSE: UTX), which is sporting a $2.13 gain (+2.3%) bringing the stock to $95.07. This single gain is lifting the Dow Jones Industrial Average by 16.12 points or roughly accounting for 10.5% of the Dow's overall gain. Volume for United Technologies currently sits at 1.8 million shares traded vs. an average daily trading volume of 3.4 million shares.

United Technologies has a market cap of $85.96 billion and is part of the industrial goods sector and industrial industry. Shares are up 13.3% year to date as of Friday'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, revenue growth, solid stock price performance, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company shows low profit margins.

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