|Bid||136.16 x 800|
|Ask||136.89 x 800|
|Day's Range||135.00 - 137.19|
|52 Week Range||100.48 - 144.40|
|Beta (3Y Monthly)||1.31|
|PE Ratio (TTM)||22.18|
|Earnings Date||Oct 22, 2019|
|Forward Dividend & Yield||2.94 (2.20%)|
|1y Target Est||154.71|
Shareholders OK'd the United Technologies and Raytheon "merger of equals." UTX stock, Raytheon stock rose. Regulators must OK the aerospace and defense giant.
WALTHAM, Mass. and FARMINGTON, Conn., Oct. 11, 2019 /PRNewswire/ -- Raytheon Company (RTN) and United Technologies Corp. (UTX) announced that, at their respective special meetings of shareowners held today, Raytheon and United Technologies shareowners voted overwhelmingly to approve all of the proposals necessary to complete the merger of equals transaction combining United Technologies' aerospace businesses, comprised of Collins Aerospace and Pratt & Whitney, with Raytheon. The merger would create Raytheon Technologies Corporation, a premier systems provider with advanced technologies to address rapidly growing segments within aerospace and defense. The transaction is expected to close in the first half of 2020, subject to the satisfaction of customary closing conditions, including receipt of required regulatory approvals, as well as completion by United Technologies of the separation of its Otis and Carrier businesses.
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All three major U.S. indexes jumped Thursday on the back of some positive U.S.-China trade war news. Even if a deal isn't reached anytime soon the semiconductor industry seems sure to be a solid long-term play...
FARMINGTON, Conn., Oct. 10, 2019 /PRNewswire/ -- The United Technologies Corp.'s (UTX) Board of Directors today declared a dividend of 73.5 cents per share on the outstanding shares of UTC's common stock. UTC has paid cash dividends on its common stock every year since 1936. United Technologies Corp., based in Farmington, Connecticut, provides high-technology systems and services to the building and aerospace industries.
Honeywell's (HON) VeriShield Smart Hearing Solution will assist companies in improving their hearing conservation programs with a personalized approach to worker protection.
General Electric is making major changes after a brutal couple of years. Here is what the fundamentals and technical analysis say about buying GE stock now.
General Electric's (GE) onshore wind turbine solution - Cypress platform - is likely to make EDF Renewables' Ventos da Bahia wind farm more efficient in producing renewable energy in Brazil.
Italy Defence Minister Lorenzo Guerini said on Wednesday that the government intends to confirm its F-35 fighter jet investment programme. "Renewing our fleet is a need that cannot be postponed," Guerini, a member of the ruling Democratic Party (PD), said in an interview with Italian newspaper Il Corriere della Sera. "I can assure you that Italy's participation in the F-35 programme meets the objectives of effectiveness and efficiency of the military instrument," he said.
This weekend's Barron's cover story examines the race to zero trading commissions. Other featured articles discuss how to play a complicated merger and why Chinese stocks are lagging. Also, the prospects ...
The stocks are cheap, and there is an opportunity before the spinoffs of the Carrier and Otis businesses and the closing of the deal
After slumping in the first two days of October, stocks rebounded Thursday, but there's a caveat to go along with today's gains. Earlier this week, stocks slumped on news of some troubling manufacturing data. However, today's gains were accrued against the backdrop of more concerning data.Source: ymgerman / Shutterstock.com Today, the Institute for Supply Management (ISM) said its services index fell to 52.6 in September, well below the prior month's reading of 56.4 and far off economists' estimate of a September reading of 55.1. Readings above 50 are considered healthy, but this is still a big miss and it won't do much to allay recession concerns. * 7 Important IPO Stocks to Watch for the Long Run The ISM services report is the latest in a recent spate of glum economic data. The tests continue tomorrow with the publication of the September jobs report from the Labor Department. With that in mind, today's market upside may be a simple case of a rebound after a couple of bad days or expectations that the Federal Reserve will lower interest rates again later this month.InvestorPlace - Stock Market News, Stock Advice & Trading TipsToday, the Nasdaq Composite snapped back to gain 1.12% while the S&P 500 climbed 0.80%. The Dow Jones Industrial Average added 0.47% with 18 of its member firms pointed higher in late trading. Of those 18, roughly half were up about 1% or more. Fun With PfizerPfizer (NYSE:PFE), a rare visitor to this space, was the Dow's top performer today, adding 2.22% on light news. The blue chip pharmaceuticals name is the epitome of a healthcare laggard this year with a loss of more than 20%.There wasn't much news behind the Pfizer rally today, but earlier this week the company said it reached a settlement with Genentech and Roche so that Pfizer can introduce its biosimilar bevacizumab, Zirabev, in the U.S. later this year.Pfizer still needs to gain 13.17% to reclaim its 200-day moving average. Welcome Back, UTXIt's been a while since United Technologies (NYSE:UTX) was highlighted here, but shares of the industrial conglomerate posted a modest gain today on some encouraging remarks from Credit Suisse analyst Robert Spingarn. A case can be made that UTX should have been up more today because the analyst is forecasting upside of as much as 37% from current levels.United Technologies is still working through its merger with Raytheon (NYSE:RTN) and spin offs of its Otis Elevator and Carrier HVAC units, so there's a lot of complexity and moving parts to the long thesis for the shares, but as Barron's points out, there could also be considerable upside."It is a complicated exercise, but Spingarn said United Tech stock would be worth $164 and Raytheon $230 based on value to be received in a 2020 merger," according to the financial magazine. "That is about 25% and 20% higher than current stock values, respectively. What's more, he see upside to $180 for United Tech stock, 37% higher than recent levels, if management executes successfully on growth plans." Post-Event BounceWhen talking about Dow technology stocks and product events, the conversation usually involves Apple (NASDAQ:AAPL), but today Microsoft (NASDAQ:MSFT) is the name to discuss.After tumbling yesterday following a product launch session in New York, shares of Microsoft bounced back today. What's happening here is that the company is making a push into the hardware arena. Specifically, it's renewing its smartphone push with a foldable version of the Surface, known as the Surface Duo.Those familiar with Microsoft know the company has a spotty history in the mobile phone arena, one littered with more failures than successes. The Duo, which is expected to be available in time for the 2020 holiday shopping season, won't run on Windows. Rather, it will run on Google's (NASDAQ:GOOG, NASDAQ:GOOGL) Android operating system.Industry observers are already saying marketing for Duo will be essential and it remains to be seen if Microsoft markets the product as a true smartphone or a tablet from which users can make and take calls. Bottom Line on Dow Jones TodayOverall, Thursday was a decent day and the first one of that nature since the fourth quarter starter. However, risks linger, namely due to these troubling economic data points. As one potential harbinger of ongoing weakness, oil prices have fallen for eight consecutive days. That would not be happening if market participants were enthusiastic about the global economy.Barclays was out with a note today saying there's a 25% to 30% chance of recession over the next 12 months. Those aren't short odds, but they probably can't be ignored either.Todd Shriber does not own any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Important IPO Stocks to Watch for the Long Run * 7 High Volatility Stocks to Buy as the Market Rebounds * 7 Dow Jones Industrial Average Stocks to Sell The post Dow Jones Today: A Rebound With an Asterisk appeared first on InvestorPlace.
After a red-hot start to 2019, aerospace and defense stocks have traded mostly sideways in recent months. Credit Suisse analyst Robert Spingarn initiated coverage of United Technologies Corporation (NYSE: UTX) with an Outperform rating and set a $164 price target. Spingarn said each of the company’s unique business segments provides long-term value for investors.
Credit Suisse analyst Robert Spingarn initiated stock coverage of the company on Thursday and recommended buying shares before deals are executed.
United Technologies was rising in premarket trading Thursday after coverage of the aerospace and defense company was reinstated by Credit Suisse at outperform with a $164 price target. The price target represents a potential 26% upside from the stock's closing price Wednesday of $130.47. United Technologies shares were rising 0.4% to $131 in premarket trading.
Strong commercial aftermarket and military businesses coupled with the acquisition of Rockwell Collins are expected to drive United Technologies' (UTX) growth.
FARMINGTON, Conn. , Oct. 1, 2019 /PRNewswire/ -- United Technologies Corp. (NYSE: UTX) will issue its third quarter 2019 earnings press release on Tuesday, October 22 , prior to the stock market opening. ...
The Pentagon ordered more F-35 engines from United Technologies unit Pratt & Whitney, while the stealth fighter runs into new testing snags.
United Technologies (UTX) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
The U.S. Pentagon has awarded two major contracts to two different U.S. bellwether aerospace and defense companies - United Technologies' Pratt & Whitney division and Lockheed Martin - to build Air Force jets and missile defense systems, respectively.
Hold on to your hats, brace yourself for an uptick in volatility ... and perhaps give defense stocks a look this October.Goldman Sachs' equity derivatives strategist John Marshall, in a recent report to clients, writes that, since 1928, volatility has been 25% higher on average during the month of October."Not only are earnings day moves rising relative to average daily moves, but October tends to be the quarter with the largest absolute earnings day moves for U.S. stocks," Marshall writes. And it's no coincidence. "We believe it is a critical period for many investors and companies that manage performance to calendar year-end."How should investors play this potential bout of choppiness? Get defensive - with defense stocks. Aerospace, defense and other companies that have a hand in national security are traditionally more defensive investments. They also offer notably low exposure to Chinese trade war tensions.Encouragingly, the iShares U.S. Aerospace & Defense ETF (ITA) is currently trading up 30% year-to-date. That's better than the S&P; 500 (+18% YTD) and Dow Jones Industrial Average (+15%).Here are five intriguing defense stocks to buy for ... well, defense. We turned to TipRanks for analyst ratings across the industry. All five of these stock picks score a Moderate Buy or Strong Buy consensus based on ratings from the last three months. SEE ALSO: 20 Dividend Stocks to Fund 20 Years of Retirement
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does United Technologies (UTX) have what it takes? Let's find out.