- PR Newswire•14 hours ago
Watsco is not offering any shares of common stock and will not receive any proceeds from the sale of the shares offered. Through private placements in July 2009 and April 2012, United Technologies acquired an approximately 12% ownership interest in Watsco in an effort to support the commercial relationship between the two companies. Owning the stock of other publicly traded companies is not United Technologies' core business and, due to the potential impact of mark-to-market accounting beginning in 2018, United Technologies has decided to sell its shares of common stock in Watsco. The ongoing relationship between the two companies is not impacted by the proposed share offering and does not affect the parties' respective ownership interests in their three Carrier Enterprise joint ventures.
- Reuters•17 hours ago
United Technologies Corp's Carrier unit expanded a recall of some air conditioners and heat pumps as their power cord plugs can overheat, posing a fire risk, the U.S. Consumer Product Safety Commission ...
President Donald Trump, who has vowed to stop U.S. manufacturing from disappearing overseas, will seek job-creation advice on Thursday from at least five companies that are laying off thousands of workers as they shift production abroad. Caterpillar Inc (CAT.N), United Technologies Corp (UTX.N), Dana Inc (DAN.N), 3M Co (MMM.N) and General Electric Co (GE.N), are offshoring work to Mexico, China, India and other countries, according to a Reuters review of U.S. Labor Department records. Executives from the five companies are among a group of business leaders due to meet with Trump on Thursday to discuss how to help the president deliver on his promise to increase factory employment, according to the White House.
UTX : Summary for United Technologies Corporation - Yahoo Finance
United Technologies Corporation (UTX)
NYSE - NYSE Delayed Price. Currency in USD
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|Day's Range||111.97 - 112.88|
|52 Week Range||92.07 - 112.88|
Trade prices are not sourced from all markets
|PE Ratio (TTM)||18.32|
|Dividend & Yield||2.64 (2.34%)|
|1y Target Est||N/A|