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 up 14 points at 17,093 as of Friday, Aug 29, 2014, 11:36 a.m. ET. During this time, 70 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 297.6 million. The NYSE advances/declines ratio sits at 1,957 issues advancing vs. 924 declining with 219 unchanged.
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Holding back the Dow today is United Technologies (NYSE: UTX), which is lagging the broader Dow index with a $1.27 decline (-1.2%) bringing the stock to $107.84. Volume for United Technologies currently sits at 1.6 million shares traded vs. an average daily trading volume of 3.8 million shares.

United Technologies has a market cap of $99.8 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are down 4.1% year-to-date as of Thursday'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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