If UTX was going down as the overall market was going down, I would be a buyer at about 110. However, it has dropped as the markets were setting new highs. I have to think twice because what happens when the market corrects? UTX may very well continue down as I think it will. I'm holding and will not buy yet.
I've had this for 20+ years.
I AM a hold person. It's not only UTX,as most of my portfolio has stalled out beginning at the DOW 16750. There may be some weight to the analysts foreboding a bear market.
Myy, & Airborne, I won't argue with your short term analysis. Yep, we've stalled. Looking at the slightly longer term, UTX has mostly beaten the market (DJIA or S&P) most of the last couple years. Chart here on Yahoo and compare and in the 1 year or 5 year chart we're not doing badly. I'm an investor mostly (I'll flip in and out when I think I can maybe make $5 or more, sometimes quickly, sometimes over months) but I'm a buy and hold person. I'm still holding, (and have a short term trade in at $114, looking to see $119 in the sooner or later future).
Well,someone needs to open a can of whoopA$$.
The dividend has always been anemic as we rely on a rising PPS.
It is going in the opposite direction of the markets. You can chalk this lost opportunity to Pratt 7 Sikorsky with all their screw-ups.
Please, can one of you engineer types, or anyone for that matter, explain to me why the US is putting all this $$$ in a single engine fighter? See the article below. If there is a Pratt flame-out or the engine falls off, there really is very little room for error (or even landing). Do we really want our brave service men and women in a single engine fighter? I would bet that if UTC's senior management or our politicians had to fly these things, there would be at least 2 engines, especially now with all the problems.
Workers were told to work in standing flood waters with live 440V electricity on everywhere and hazardous chemicals bubbling up from the floor. I guess Sikorsky isn't that green after all.
Hopefully, this will be goodness. Sikorsky continues to be a big drag...............................
In a report published Tuesday, Morgan Stanley analyst Nigel Coe reiterated an Overweight rating and $129.00 price target on United Technologies (NYSE: UTX).
In the report, Morgan Stanley noted, “Our 2Q14e EPS of $1.72 stands 2c above cons, which incl. 11c of items, 12% Y/Y growth on a comparable basis. We see organic growth slightly moderating to 4.6% vs. 5.1% in 1Q, driven by Otis (-1ppt Q/Q), CCS (-1ppt, Transicold & R/HVAC deceleration) & Sikorsky (-7ppts Q/Q), partly offset by 3ppts Q/Q step-up at Pratt on weaker comps. We see Otis China orders decelerating to ~10% in 2Q (vs. +25% in 1Q) on China property market, but expect Comm. Aero OEM & A/M orders to remain solid and commentary on US gov't orders to suggest stable/improving trends vs. 1Q (-2% Y/Y). We also forecast 100bps Y/Y core margin expansion driven by CCS, Pratt & UTAS, partly offset by Otis (mix & pricing headwinds) and Sikorsky (assuming $16m losses on CMH shipments).”
LONDON (Reuters) - Executives at aircraft engine maker Pratt & Whitney said a fault on the engines for Bombardier's CSeries planes was to do with a seal in the oil system that would require a relatively minor adjustment, and not to do with the low pressure turbine.
The company, a division of United Technologies Corp , makes the engine for Bombardier's CSeries narrow-body plane, but the aircraft has been grounded since late May after a major engine failure in testing.
"The issue is a seal problem in the oil system. The fan-drive gear system is rock solid," Pratt Commercial Engines President David Brantner told journalists at a briefing ahead of the Farnborough air show.
He said it was not anything to do with the low pressure turbine, after some initial reports had suggested that was the case, and also said it was not linked to the engine failure on the F-35 fighter jet, which is also grounded and will not be flying at the air show on Monday as planned.
Graham Webb, the company's chief engineer for commercial engines, said it was a relatively minor adjustment for the CSeries engine. "We will have them back up and flying in the very near future but we have to ensure the validation is robust," he said.
Bombardier hopes to dominate the 110- to 149-seat plane market with the CSeries, built with lightweight composite materials and other technologies designed to reduce fuel burn, noise and operating costs.
It said on Saturday that Falko Regional Aircraft Limited, a lessor based in Britain, had signed two letters of intent to buy up to 24 CS100 jets, the first new CSeries deal announced since the first quarter. It is not clear whether Bombardier will be announcing any major orders during the air show.
Pratt said it expected the airshow would bring its order total so far this year to 6,000 engines, from 5,500 before the show started.
Separately on Sunday, Pratt's Canadian unit signed a deal for its PWC150C turboprop engine to power the new MA700 regional turboprop aircraft being launched by AVIC Xi'an Aircraft Company of China.
The F-35 could not show up at the airshows because of Pratt engine fire and now this out of Sikorsky....
AIRSHOW-Sikorsky sees delay in first flight of Marine Corps helicopter. We are not talking about a 2 month delay.
In theory, ACE is good. But it is a culture that must be developed and with a strong commitment from the top down. Problem is, there are too many ACE-holes that only give it lip service - "Just do it, get it done and do not bother me with your problems!" , your management.
Sumo,.............You're way too bearish. Back in the day, people used to have a strong identification with their employers and tended to stay with them for decades. The employers provided security, insurance, pensions and many other benefits. Not anymore, and, it isn't just PWA (people walking around), it is the new economic realities. So, suck it up and with the flow. Admittedly, UTX stock has been dead money for a while, but, still a keeper. I would say that aircraft engines have never been more "dependable" than they are today. The B-777 can carry about 400 passengers 10,000 miles on two engines, very impressive. Pratt has a good franchise with the V-2500 and has bought Rolls' interest in the V-2500. The GTF has very good potential and Pratt's military business is very good........Kid