123.48 0.00 (0.00%)
After hours: 5:08PM EDT
|Bid||123.16 x 1100|
|Ask||123.79 x 1000|
|Day's Range||123.18 - 125.18|
|52 Week Range||109.10 - 139.24|
|PE Ratio (TTM)||22.09|
|Forward Dividend & Yield||2.80 (2.21%)|
|1y Target Est||N/A|
Shares of United Technologies (UTX) have fallen 1% this year, but analysts are getting more upbeat about the stock as the close of its acquisition of Rockwell Collins (COL) approaches. Morgan Stanley's Rajeev Lalwani resumed coverage of the shares with an Overweight rating and $160 price target on Friday, writing that he's encouraged by the potential for company restructuring and accretion from M&A. Lalwani believes that the shares look more attractive as the possibility of a potential restructuring has increased in recent weeks, given an announced portfolio review and activist involvement, which could lead to United Technologies being split.
The aviation units of GE and United Tech are hitting targets to catch up on jet-engine production, after problems left Airbus short of delivery goals for 2018.
Honeywell (HON) introduces Honeywell Vector Space Sense that allows building operations team to take better-informed decisions on real estate and space usage.
The Zacks Analyst Blog Highlights: United Technologies, PayPal, ConocoPhillips, Raytheon and Tesla
Indeed, headed into 2016’s Presidential election, the Dow was stuck in neutral below a then-monumental 20,000, with investors unsure which candidate posed the biggest threat to the stock market. The Dow Jones stocks are collectively up nearly 40% for the past two years, and rather than wondering what might get the market going again, investors are wondering what — if anything — might even be able to merely slow the advance down. If the blue chip index gets there before this bull market finally comes to a close though, some Dow Jones stocks are going to help more than others.
On Friday, General Electric Company (NYSE:GE) declared a 12 cent per share quarterly dividend. Long-time holders likely think back to last year, when GE stock was paying out twice that amount. In November, General Electric cut its annual dividend from 96 cents per share to just 48 cents per share.
A problem in Rolls-Royce jet engines that earlier grounded certain Boeing Dreamliner jets has been found.
The company will next report results on July 26 before the bell. Analysts are looking for earnings of 91 cents per share on revenues of $16.7 billion. When the company last reported on April 19, earnings of $1.00 per share beat estimates by a penny on a 4.3% rise in revenues.
Aircraft industry manufacturing competitiveness remains closely linked with high skills, and high wages. Most Upper Middle-Income countries today are considerably wealthier than they were ten years ago.
The latest move is a small one relative to the total revenue at stake, but it continues an increasingly dangerous cat-and-mouse game between the company and its suppliers. Investors beware.
The president of Emirates airline said the rare combination of higher oil and a stronger dollar, which usually move in opposite directions, represented a "double whammy" in terms of their impact on costs but that passenger demand remained strong. "We have very strong summer bookings at higher prices," Tim Clark told reporters at an airlines summit in Sydney, adding Emirates was monitoring those trends for any sign higher ticket prices were hurting demand. Global airlines body IATA on Monday downgraded its profit forecast for the industry, citing higher oil and labour costs, but also said yields, a proxy for air fares, were expected to rise 3.2 percent this year.
The president of Emirates airline [EMIRA.UL] said the rare combination of higher fuel prices and a stronger dollar, which usually move in opposite directions, represented a "double whammy" for the group and this would have to be managed. "We have very strong summer bookings at higher prices," Tim Clark said during a briefing on the sidelines of an aviation industry meeting in Sydney, adding that the airline was monitoring trends for any sign that higher ticket prices were leading to a drop in demand. Global airlines body IATA on Monday downgraded its profit forecast for the industry, citing higher oil and labour costs, although it also said yields, a proxy for air fares, were expected to rise by 3.2 percent this year.
The president of Emirates airline said the rare combination of higher fuel prices and a stronger dollar, which usually move in opposite directions, represented a "double whammy" for the group and this would have to be managed. "We have very strong summer bookings at higher prices," Tim Clark said during a briefing on the sidelines of an aviation industry meeting in Sydney, adding that the airline was monitoring trends for any sign that higher ticket prices were leading to a drop in demand.
Boeing will partner with Safran SA to develop and service auxiliary power units, which are used to start the main engine and provide power to aircraft while on the ground. The scale of the Safran partnership isn't immediately clear and Boeing’s current APU suppliers — which include Honeywell International Inc. and United Technologies Corp. — are likely safe in their existing contracts. Boeing is just getting started on consolidating its supply chain.
Boeing Co. is deepening its intrusion on suppliers’ turf by teaming up with France’s Safran SA to design and build auxiliary power units, the compact turbines tucked below a jetliner’s tail that are used to start its main engines and provide power on the ground. The strategy brings the world’s largest aerospace company into a closer partnership with Paris-based Safran to challenge United Technologies Corp. and Honeywell International Inc., the leading manufacturers of the auxiliary power units, or APUs. Safran already provides the main engines for Boeing’s 737 narrow-body aircraft through a venture with General Electric Co.
Lufthansa's (LHAG.DE) chief executive is expecting another record summer in terms of bookings but is still sticking to a forecast for profit to fall this year given rising oil prices and the cost of expanding its Eurowings business. "Basically we are looking for a record summer, even outperforming the record summer of 2017," Carsten Spohr told Reuters on the sidelines of an aviation industry meeting in Sydney. Lufthansa is growing its Eurowings budget unit via acquisitions, and Spohr said Lufthansa could grab more opportunities when they arose.
United Technologies' (UTX) operating unit, Pratt & Whitney secures a $2-billion contract for reduction of the propulsion system price.
United Technologies Corp's Pratt & Whitney Military Engines subsidiary is being awarded a $2.02 billion modification to a previously awarded contract in support of the F-35 Lightning II low-rate initial ...
General Electric's partner Safran is reluctant to OK calls for increased output of the next-gen Leap engine for Airbus and Boeing aircraft.