NYSE:UTX
85.65
0.00
(0.00%)
United Technologies Corporation is an American multinational conglomerate headquartered in Farmington, Connecticut.
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United Technologies
UTX-N
Analysis and Opinions about UTX-N
Signal
Opinion
Expert
PAST TOP PICK
PAST TOP PICK
(A Top Pick Jul 10/19, Down 17%) Merged with Raytheon. Now the company is half defence, and half commercial aerospace. It will be a tough year for the aerospace side. Sound balance sheet. Willing to ride it out. Very strong management. Travel will resume eventually.
PAST TOP PICK
PAST TOP PICK
July 8, 2020
(A Top Pick Jul 25/19, Down 21%) Raytheon (RTX) bought them out. Its valuation is 15 times earnings. It is diversified, so is not a pure aviation play. They have a defense segment a good balance sheet. He would be adding to this. When they spun out OTIS and Carrier, they actually added to their position on the elevator segment (OTIS) and sold Carrier.
(A Top Pick Jul 25/19, Down 21%) Raytheon (RTX) bought them out. Its valuation is 15 times earnings. It is diversified, so is not a pure aviation play. They have a defense segment a good balance sheet. He would be adding to this. When they spun out OTIS and Carrier, they actually added to their position on the elevator segment (OTIS) and sold Carrier.
COMMENT
COMMENT
March 5, 2020
Spinning out elevator business, which was a cash cow. Stock ran up on the split. There may be a trade. The elevator space is where you want to be. (Analysts’ price target is $170.00)
Show full opinionHide full opinionSpinning out elevator business, which was a cash cow. Stock ran up on the split. There may be a trade. The elevator space is where you want to be. (Analysts’ price target is $170.00)
WATCH
WATCH
March 3, 2020
Going to split into 2 or 3 companies. Usually split ups are good generators of value. He's cautious, however. Commercial aerospace is in a downturn right now, due to coronavirus and 737 MAX issues. Hold off.
Show full opinionHide full opinionGoing to split into 2 or 3 companies. Usually split ups are good generators of value. He's cautious, however. Commercial aerospace is in a downturn right now, due to coronavirus and 737 MAX issues. Hold off.
BUY
BUY
February 25, 2020
They're merging with Raytheon, which he bought a while ago as the best way to get into UTX. It's a commercial as well as defense stock. UTX will spin-off businesses like Otis Elevators. This will only grow the stock.
BUY
BUY
February 19, 2020
All developments with UTX (meaning the Raytheon deal) are positive. The stock has come off recently and is holding around $150. If it stays there, you can enter UTX.
TOP PICK
TOP PICK
February 13, 2020
Likes all its different components. Stock price doesn't reflect sum of all the parts. Less cyclicality than other industrial stocks. Increases dividend. Yield is 1.92%. (Analysts’ price target is $171.11)
Show full opinionHide full opinionLikes all its different components. Stock price doesn't reflect sum of all the parts. Less cyclicality than other industrial stocks. Increases dividend. Yield is 1.92%. (Analysts’ price target is $171.11)
HOLD
HOLD
February 5, 2020
Over a 2-5 year time horizon, this will do fine, especially following the acquisition of Raytheon. This will diversify their business into the defense space. With low interest rates and good economic growth, this will be a good long term hold in the industrial space.
Over a 2-5 year time horizon, this will do fine, especially following the acquisition of Raytheon. This will diversify their business into the defense space. With low interest rates and good economic growth, this will be a good long term hold in the industrial space.
COMMENT
COMMENT
January 20, 2020
UTX merging with Raytheon He owns Raytheon and this deal with UTX is a great combination. Before the merger, UTX will spinoff its elevator division--a taxable event for Canadian. For Canadians to lower this tax hit, buy Raytheon. Recommended. UTX may struggle a bit because of Boeing's 737 Max woes (UTX makes engines), but long-term aerospace looks healthy. There are 26,000 commercial planes now, but by 2030 there need to 35,000, outpacing GDP growth. Combined synergies will make this company powerful.
UTX merging with Raytheon He owns Raytheon and this deal with UTX is a great combination. Before the merger, UTX will spinoff its elevator division--a taxable event for Canadian. For Canadians to lower this tax hit, buy Raytheon. Recommended. UTX may struggle a bit because of Boeing's 737 Max woes (UTX makes engines), but long-term aerospace looks healthy. There are 26,000 commercial planes now, but by 2030 there need to 35,000, outpacing GDP growth. Combined synergies will make this company powerful.
BUY
BUY
December 16, 2019
Merging with Raytheon and spinning off their subdivisions He really likes it, has been a past top pick. You can buy it today based on valuation, trading at 17x earnings. They will combine their aerospace with Raytheon to be a pure play, then spin off other divisions--HVAC and Otis Elevators. This plan will create shareholder value, long-term. It trades at a decent 17x earnings; that pure play will push the value above 20x earnings. The other businesses won't be valued as highly, because they don't grow, but will free them to pursue M&A. He sees 20-30% upside.
Show full opinionHide full opinionMerging with Raytheon and spinning off their subdivisions He really likes it, has been a past top pick. You can buy it today based on valuation, trading at 17x earnings. They will combine their aerospace with Raytheon to be a pure play, then spin off other divisions--HVAC and Otis Elevators. This plan will create shareholder value, long-term. It trades at a decent 17x earnings; that pure play will push the value above 20x earnings. The other businesses won't be valued as highly, because they don't grow, but will free them to pursue M&A. He sees 20-30% upside.
COMMENT
COMMENT
November 28, 2019
The big thing here to be cautious is the tax implications. United is going to spin off divisions as part of this merger and as they do if you hold in a Canadian taxable account you are going to have to pay 50% of the value of the spin-off. Owns Raytheon now. Great company if you want to hold it longer terms.
Show full opinionHide full opinionThe big thing here to be cautious is the tax implications. United is going to spin off divisions as part of this merger and as they do if you hold in a Canadian taxable account you are going to have to pay 50% of the value of the spin-off. Owns Raytheon now. Great company if you want to hold it longer terms.
HOLD
HOLD
November 20, 2019
Pending breakup? He really likes the industrial space and this is a very diverse company. He likes how they new organization will be broken up following the Raytheon merger and that should lead to higher overall value. It is well positioned for a re-acceleration of the economy. A pick up in China would help their elevator business. Yield 2%
Show full opinionHide full opinionPending breakup? He really likes the industrial space and this is a very diverse company. He likes how they new organization will be broken up following the Raytheon merger and that should lead to higher overall value. It is well positioned for a re-acceleration of the economy. A pick up in China would help their elevator business. Yield 2%
PARTIAL BUY
PARTIAL BUY
November 7, 2019
Interesting company. You could buy it, as Raytheon will add a lot to it. Spending will continue, no matter who is in charge in the US. Positive on it long-term. Take a half position to hedge your bets.
Show full opinionHide full opinionInteresting company. You could buy it, as Raytheon will add a lot to it. Spending will continue, no matter who is in charge in the US. Positive on it long-term. Take a half position to hedge your bets.
WAIT
WAIT
October 24, 2019
For a cyclical sector like industrials, you have to be really confident that the economy has room to run. He doesn't think there's a recession in 6 months, but still thinks you have to be careful at this late stage in the cycle. Still, he likes this name amongst its peers.
Show full opinionHide full opinionFor a cyclical sector like industrials, you have to be really confident that the economy has room to run. He doesn't think there's a recession in 6 months, but still thinks you have to be careful at this late stage in the cycle. Still, he likes this name amongst its peers.
WATCH
WATCH
September 27, 2019
He's not certain if they've gone the split route. If this is the case, it's probably not the best move to make. It's one of the huge conglomerates from the 1960s and they probably need to split up.
Show full opinionHide full opinionHe's not certain if they've gone the split route. If this is the case, it's probably not the best move to make. It's one of the huge conglomerates from the 1960s and they probably need to split up.
United Technologies(UTX-N) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 4
Neutral - Hold Signals / Votes : 1
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 5
United Technologies(UTX-N) Frequently Asked Questions
What is United Technologies stock symbol?
United Technologies is a American stock, trading under the symbol UTX-N on the New York Stock Exchange (UTX). It is usually referred to as NYSE:UTX or UTX-N
Is United Technologies a buy or a sell?
In the last year, 5 stock analysts published opinions about UTX-N. 4 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is PAST TOP PICK. Read the latest stock experts' ratings for United Technologies.
Is United Technologies a good investment or a top pick?
United Technologies was recommended as a Top Pick by Christine Poole on 2020-07-16. Read the latest stock experts ratings for United Technologies.
Why is United Technologies stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is United Technologies worth watching?
5 stock analysts on Stockchase covered United Technologies In the last year. It is a trending stock that is worth watching.
What is United Technologies stock price?
On 2020-04-02, United Technologies (UTX-N) stock closed at a price of $85.65.
(A Top Pick Jul 10/19, Down 17%) Merged with Raytheon. Now the company is half defence, and half commercial aerospace. It will be a tough year for the aerospace side. Sound balance sheet. Willing to ride it out. Very strong management. Travel will resume eventually.