Dow Today: United Technologies (UTX) Higher

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.

The Dow Jones Industrial Average ( ^DJI) is trading up 21 points (+0.1%) at 16,738 as of Monday, Jun 2, 2014, 11:36 a.m. ET. During this time, 84.1 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 359.6 million. The NYSE advances/declines ratio sits at 1,432 issues advancing vs. 1,508 declining with 181 unchanged.
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The Dow component leading the way higher looks to be United Technologies (NYSE: UTX), which is sporting a $1 gain (+0.9%) bringing the stock to $117.22. This single gain is lifting the Dow Jones Industrial Average by 7.57 points or roughly accounting for 36% of the Dow's overall gain. Volume for United Technologies currently sits at 1.1 million shares traded vs. an average daily trading volume of 3.2 million shares.

United Technologies has a market cap of $106.66 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are up 2.1% year-to-date as of Friday'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, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

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