|Bid||141.80 x 1200|
|Ask||0.00 x 900|
|Day's Range||141.04 - 142.98|
|52 Week Range||61.23 - 142.98|
|Beta (3Y Monthly)||0.87|
|PE Ratio (TTM)||23.21|
|Earnings Date||Jan 24, 2019 - Jan 28, 2019|
|Forward Dividend & Yield||1.32 (0.93%)|
|1y Target Est||126.25|
United Technologies' (UTX) subsidiary, Pratt & Whitney Canada, gets higher cycle limits approval from Transport Canada. This will help in improving the efficiency & durability of its premium engines
S&P lowered its long-term rating on United Technologies one notch to BBB+, or three levels above junk, citing the manufacturer’s increased indebtedness after the purchase of Rockwell Collins and its plan to spin off non-aerospace businesses. The outlook is negative, S&P said in a statement Wednesday.
News of the planned breakup was far from a surprise, and had been expected to drop right after United Technologies secured final approval for its mammoth deal to buy Rockwell Collins Inc. That final nod from China was announced Nov. 23. The main fuel behind investors’ anxiety appears to be concerns about Rockwell Collins’s worse-than-expected free cash flow expectations, analysts said, along with the extended 2020 target for completing the separation, as well as reflexive “sell-the-news” trading. United Technologies shares fell 1.1 percent to $121.36 as of 12:36 p.m. in New York, paring an earlier 2.1 percent decline.
It has been 14 months in the making thanks to a tortuous regulatory approvals process, but United Technologies Aerospace Systems (UTAS) and Rockwell Collins have finally completed their $30 billion merger.
United Technologies (UTX) gains from strengthening segments and Rockwell Collins buyout. Split into three businesses, if approved, will be a boon too. High costs and forex woes create headwinds.
In the wake of completing the Rockwell Collins deal, United Technologies UTX has announced plans to split itself into three companies: aerospace, Otis (elevators), and Carrier (building systems). Per management, the separation of Carrier and Otis should be completed sometime in 2020. The aerospace business will retain the United Technologies name and current chairman and CEO Greg Hayes will lead the company.
United Technologies must also boost cash flow at Rockwell Collins now that the $23 billion purchase of the aerospace supplier is complete. “This is sort of deal purgatory while you wait for the transaction to work its way through,’’ Carter Copeland, an analyst with Melius Research, said Tuesday. The share decline marred the unveiling of Chief Executive Officer Greg Hayes’s plan to overhaul United Technologies.
United Technologies Corp. (UTX), a company where Bill Ackman (Trades, Portfolio) established an activist stake earlier in the year, disclosed on Tuesday the company has completed its acquisition of Rockwell Collins Inc. (COL) and announced its intent to split into three independent businesses: United Technologies, Otis and Carrier. Warning! GuruFocus has detected 1 Warning Sign with FB.
United Technologies (UTX) completes the Rockwell Collins buyout and revises projections for 2018. Further, the company intends to split its business into three separate companies.
United Technologies Corporation (NYSE: UTX ) traded marginally higher Tuesday morning after announcing a plan to split its commercial business into three distinct entities. The break-up, which follows ...
As stated earlier in September 2017, when the transaction was being proposed, each of Rockwell Collins' (COL) shareowners will receive $93.33 per share in cash
When the market rebounds, investors have questions, Jim Cramer told his Mad Money viewers Monday. The proprietary Standard & Poors Oscillator that Cramer follows hit minus five last week, a clear indication that the selling was too fast and too furious. Cramer said any thawing of trade relations would be one catalyst.
United Technologies (UTC) has completed its $30 billion acquisition of Rockwell Collins and now plans to spin off its Otis and Carrier units by 2020.
The decision follows the completion this month of United Technologies' $30 billion acquisition of avionics maker Rockwell Collins, which gave enough scale to its aerospace business to be a standalone company. The move is in line with plans of other major industrial companies, such as DowDuPont Inc (DWDP.N), Honeywell International Inc (HON.N) and General Electric Co (GE.N), to shed major divisions, as investors assign more value to the parts of these companies separately than to their sum. Two activist hedge funds, Daniel Loeb's firm Third Point LLC and William Ackman's Pershing Square Capital Management LP, had called on United Technologies to pursue a split, and United Technology's chief executive, Gregory Hayes, had signaled for most of the past year that he was considering the move.
The decision follows the completion this month of United Technologies' $30 billion acquisition of avionics maker Rockwell Collins, which gave enough scale to its aerospace business to be a standalone company. The move is in line with plans of other major industrial companies, such as DowDuPont Inc (DWDP.N), Honeywell International Inc (HON.N) and General Electric Co (GE.N), to shed major divisions, as investors assign more value to the parts of these companies separately than to their sum. Two activist hedge funds, Daniel Loeb's firm Third Point LLC and William Ackman's Pershing Square Capital Management LP, had called on United Technologies to pursue a split, and United Technology's chief executive, Gregory Hayes, had signalled for most of the past year that he was considering the move.
United Technologies announced on Nov 23 that it has received approval from China's competition supervisor to acquire Rockwell Collins, putting aerospace and defense ETFs in focus.
NEW YORK (AP) — United Technologies is breaking itself into three independent companies now that it has sealed its $23 billion acquisition of aviation electronics maker Rockwell Collins.
NEW YORK , Nov. 26, 2018 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600 prior to the open of trading on Monday, December 3 : S&P ...
Investors should be careful with the stock of United Technologies as the industrial finalizes its purchase of aircraft parts manufacturer Rockwell Collins, CNBC's Jim Cramer says. Chinese authorities approved United Technologies' acquisition of Rockwell Collins on Friday, sending shares of both companies higher. Investors can't own shares of United Technologies UTX without considering the threats that interest rates and tariffs pose to its business, CNBC's Jim Cramer said Monday.
United Technologies Corp. shares rose in the extended session Monday following a report that the industrial conglomerate is on track to divide itself now that its acquisition of Rockwell Collins Inc. is clear. United Technologies shares advanced 2.3% after hours, following a 0.8% decline to close the regular session at $127.98. Late Monday, The Wall Street Journal reported that United Technologies will divide itself into three separate companies now that Chinese regulators have signed off on the company's acquisition of Rockwell Collins, which was reported on Friday. Any breakup of United Technologies will likely affect the makeup of the Dow Jones Industrial Average , which includes the company as a component.
Upon separation, each company will have the strategic focus and financial flexibility to deliver innovative customer solutions and drive long-term value -Completion of Rockwell Collins acquisition creates ...