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 Link.

The Dow Jones Industrial Average ( ^DJI) is trading down 6.0 points at 16,563 as of Tuesday, Aug 12, 2014, 12:36 p.m. ET. During this time, 103.9 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 306.4 million. The NYSE advances/declines ratio sits at 1,349 issues advancing vs. 1,605 declining with 179 unchanged.
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Holding back the Dow today is United Technologies (NYSE: UTX), which is lagging the broader Dow index with a 68-cent decline (-0.6%) bringing the stock to $105.04. This single loss is lowering the Dow Jones Industrial Average by 5.15 points or roughly accounting for 85.8% of the Dow's overall loss. Volume for United Technologies currently sits at 2.2 million shares traded vs. an average daily trading volume of 3.7 million shares.

United Technologies has a market cap of $96.93 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are down 7.1% year-to-date as of Monday's close. The stock's dividend yield sits at 2.2%.

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, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

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