Dow Today: United Technologies (UTX) Lower

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Links.

The Dow Jones Industrial Average ( ^DJI) is trading down 101.0 points (-0.6%) at 15,511 as of Tuesday, Aug 6, 2013, 11:35 a.m. ET. During this time, 151.5 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 580.1 million. The NYSE advances/declines ratio sits at 562 issues advancing vs. 2,370 declining with 99 unchanged.
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Holding back the Dow today is United Technologies (NYSE: UTX), which is lagging the broader Dow index with a $1.63 decline (-1.5%) bringing the stock to $105.01. This single loss is lowering the Dow Jones Industrial Average by 12.34 points or roughly accounting for 12.2% of the Dow's overall loss. Volume for United Technologies currently sits at 1.4 million shares traded vs. an average daily trading volume of 3.3 million shares.

United Technologies has a market cap of $98.88 billion and is part of the industrial goods sector and industrial industry. Shares are up 30% year to date as of Monday's close. The stock's dividend yield sits at 2%.

United Technologies Corporation provides technology products and services to the building systems and aerospace industries worldwide.

TheStreet Ratings rates United Technologies as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, compelling growth in net income, growth in earnings per share and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

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