Dow Today: United Technologies (UTX) Lower

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The Dow Jones Industrial Average ( ^DJI) is trading down 65.0 points (-0.4%) at 15,126 as of Wednesday, Oct 2, 2013, 12:30 p.m. ET. During this time, 163.4 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 364.4 million. The NYSE advances/declines ratio sits at 1,108 issues advancing vs. 1,830 declining with 105 unchanged.
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Holding back the Dow today is United Technologies (NYSE: UTX), which is lagging the broader Dow index with a $2.25 decline (-2.1%) bringing the stock to $105.13. This single loss is lowering the Dow Jones Industrial Average by 17.03 points or roughly accounting for 26.2% of the Dow's overall loss. Volume for United Technologies currently sits at 2.3 million shares traded vs. an average daily trading volume of three million shares.

United Technologies has a market cap of $100.93 billion and is part of the industrial goods sector and industrial industry. Shares are up 34.1% year to date as of Tuesday's close. The stock's dividend yield sits at 1.9%.

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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