If their earnings are decent, this could see 10 within a few weeks. I hope so because I am heavily into it - relative to my cash situation.
I am kicking myself for not dumping more at 120. Now, I am hoping that it goes down to 100 which, I think, would be a great buy price.
The US markets are setting all-time highs and this dog is languishing at 108. What a missed opportunity.
Awhile back Lou said they will continue to raise it after 5 quarters. They will pay the same div for 5 qtrs. and then raise it. If they hold true to their statement, the next increase will be with the March 2015 payment.
It pays the same dividend for 5 qtrs. and raises it on the 6th. The next raise according to what they said will be in March 2015.
Kid - Yours AND mine. Last year UTX was my saving grace and this year it is my biggest disappointment. Fortunately, I have 10 years of cash put aside to supplement my cr@ppy UTC pension and my Social Insecurity
I truly hope that the shorts win this battle because I will be buying more. Only my opinion, this will be up allot before end of year. I wish I had a few thou to buy.
Reuters: American Airlines, CFM close to $2.6B deal • 4:38 AM
•Reuters reports American Airlines (AAL) is close to completing a $2.6B engine order from CFM International, a joint venture between GE (GE) and Safran (SAFRF). The 200 new engines will be placed on new Airbus A320neo jetliners that the company has on a firm order.
•The purchase will mark a loss for United Technologies' (UTX) Pratt and Whitney unit, the only other engine maker for the A320neo.
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).”
Not good news considering these are some of the biggest airshows in the world and the places to showcase your great products.........................
•Most Lockheed Martin (LMT) F-35 fighter jets have been inspecting, following the grounding of the entire fleet last week. The U.S. military had suspended all flights after an engine broke apart and caught fire at an Air Force Base in Florida.
•The incident has put contract negotiations for the next batch of fighter jets and engines on hold. The warplane's engine is manufactured by Pratt & Whitney (UTX).
•The F-35 was also supposed to make its international debut at two air shows in Britain on Friday and next week, although no decision has yet been made on whether to allow the jets to fly to Britain.
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 saw this but the stock is not performing even under the previously established buyback scenario. This year has been a loss on this stock. The next dividend increase is scheduled for March 2015. What would help is if they did it in Dec rather than wait. A few years ago, they bumped it up a qtr earlier. This stock needs all the help it can get.
I nibbled yesterday and the day before and if down again today, I will buy more. It will make a run towards the end of the year as people buy in for the guaranteed dividend increase in Dec. They may raise the div about 15% to make up for the weakness in the stock. At least, that is my hope.
And here is more to worry about..........The heck with the prestige, sell Sickorsky! It's a drag!