United Technologies Corp (UTX): Today's Featured Aerospace/Defense Winner

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 Link.

United Technologies ( UTX) pushed the Aerospace/Defense industry higher today making it today's featured aerospace/defense winner. The industry as a whole closed the day up 1.3%. By the end of trading, United Technologies rose $1.44 (1.3%) to $114.07 on average volume. Throughout the day, 2,271,572 shares of United Technologies exchanged hands as compared to its average daily volume of 2,687,900 shares. The stock ranged in a price between $112.55-$114.28 after having opened the day at $112.55 as compared to the previous trading day's close of $112.63. Other companies within the Aerospace/Defense industry that increased today were: Astrotech Corporation ( ASTC), up 19.7%, Frontline ( FRO), up 7.9%, Astronics Corporation ( ATRO), up 3.7% and Sifco Industries ( SIF), up 2.8%.

United Technologies Corporation provides technology products and services to the building systems and aerospace industries worldwide. United Technologies has a market cap of $103.5 billion and is part of the industrial goods sector. The company has a P/E ratio of 19.9, above the S&P 500 P/E ratio of 17.7. Shares are down 1.0% year to date as of the close of trading on Tuesday. Currently there are 13 analysts that rate United Technologies a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates United Technologies as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, revenue growth, largely solid financial position with reasonable debt levels by most measures and increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the aerospace/defense industry could consider iShares DJ US Aerospace & Def Idx ( ITA) while those bearish on the aerospace/defense industry could consider ProShares Short Dow 30 ( DOG).

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