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 30 points (+0.2%) at 16,949 as of Wednesday, Aug 20, 2014, 12:36 p.m. ET. During this time, 105.5 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 303.1 million. The NYSE advances/declines ratio sits at 1,346 issues advancing vs. 1,589 declining with 185 unchanged.
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The Dow component leading the way higher looks to be United Technologies (NYSE: UTX), which is sporting a $1.04 gain (+1%) bringing the stock to $109.60. This single gain is lifting the Dow Jones Industrial Average by 7.87 points or roughly accounting for 26.2% of the Dow's overall gain. Volume for United Technologies currently sits at two million shares traded vs. an average daily trading volume of 3.9 million shares.

United Technologies has a market cap of $98.88 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are down 4.6% year-to-date as of Tuesday'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, increase in net income, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

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