(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.
(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.
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.
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.
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.
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.
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
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.
United Technologies was recommended as a Top Pick by Christine Poole on 2020-07-16. Read the latest stock experts ratings for United Technologies.
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.
5 stock analysts on Stockchase covered United Technologies In the last year. It is a trending stock that is worth watching.
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.