United Technologies

UTX-N

NYSE:UTX

149.51
0.10 (0.07%)
United Technologies Corporation is an American multinational conglomerate headquartered in Farmington, Connecticut.
More at Wikipedia

Analysis and Opinions about UTX-N

Signal
Opinion
Expert
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.
United Technologies (UTX-N)
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.
Bruce Murray
CEO & Chief Investment Officer, The Murray Wealth Group
Price
$148.820
Owned
No
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%
United Technologies (UTX-N)
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%
David Burrows
President & Chief Investment Strategist, Barometer Capital Management
Price
$146.110
Owned
Unknown
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.
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.
Zachary Curry
Chief Operating Officer & Portfolio Manager, Davis-Rea Ltd.
Price
$148.730
Owned
Unknown
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.
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.
Stan Wong
Director & Portfolio Manager, Private Wealth Management, ScotiaMcleod
Price
$143.520
Owned
Unknown
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.
United Technologies (UTX-N)
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.
Gavin Graham
Trustee, Pointbreak ETFs
Price
$136.390
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
September 17, 2019
(A Top Pick Jul 25/19, Up 1%) UTX will merge with Raytheon then spin off its HVAC and elevator businesses. They will create value with that merger, which will unlock value of 30-40% over the next two years.
United Technologies (UTX-N)
September 17, 2019
(A Top Pick Jul 25/19, Up 1%) UTX will merge with Raytheon then spin off its HVAC and elevator businesses. They will create value with that merger, which will unlock value of 30-40% over the next two years.
Christopher Blumas
Vice-President & Portfolio Manager, GlobeInvest Capital Management
Price
$137.210
Owned
Yes
DON'T BUY
DON'T BUY
August 23, 2019
An industrial type conglomerate. They have performed well in the last couple of years. Well diversified. If it keeps moving down to $100, would look more closely at it.
An industrial type conglomerate. They have performed well in the last couple of years. Well diversified. If it keeps moving down to $100, would look more closely at it.
Cole Kachur
Senior Wealth Advisor, ScotiaWealth Management
Price
$123.420
Owned
No
COMMENT
COMMENT
August 22, 2019

They agreed to a merger with UTX-N and will form a really interesting industrial as they spin off OTIS, their carrier division, and have in the past spun off Goodrich. IIS with Raytheon is growing very, very rapidly. It is a very interesting opportunity.

They agreed to a merger with UTX-N and will form a really interesting industrial as they spin off OTIS, their carrier division, and have in the past spun off Goodrich. IIS with Raytheon is growing very, very rapidly. It is a very interesting opportunity.

Gordon Reid
President, GoodReid Investment Counsel
Price
$127.660
Owned
No
PAST TOP PICK
PAST TOP PICK
August 13, 2019

(A Top Pick Aug 08/18, Down 1%) UTX-N is a diversified company in the aerospace, HVAC and elevator space. They will spin off some of these holdings and plan to merge with RTN-N. This may have caused some confusion in the investors mind. She thinks the some of the parts is worth more the share price today. She likes the reoccuring revenues that goes with the service contracts.

(A Top Pick Aug 08/18, Down 1%) UTX-N is a diversified company in the aerospace, HVAC and elevator space. They will spin off some of these holdings and plan to merge with RTN-N. This may have caused some confusion in the investors mind. She thinks the some of the parts is worth more the share price today. She likes the reoccuring revenues that goes with the service contracts.

Christine Poole
CEO & Managing Director, GlobeInvest Capital Management
Price
$128.950
Owned
Yes
DON'T BUY
DON'T BUY
July 30, 2019
It'll get killed in a recession; capital spending will go south. AC, elevators and advanced avionics for civil and military use will grow. Defense systems will use more and more advanced electronics. They had good, not stellar, earnings. The stock hasn't been bad. This is too cyclical for his tastes--not a good time to buy it.
It'll get killed in a recession; capital spending will go south. AC, elevators and advanced avionics for civil and military use will grow. Defense systems will use more and more advanced electronics. They had good, not stellar, earnings. The stock hasn't been bad. This is too cyclical for his tastes--not a good time to buy it.
David Baskin
President, Baskin Wealth Management
Price
$135.300
Owned
No
TOP PICK
TOP PICK
July 25, 2019
Plan to break up 3 main platforms, and merge aerospace with Raytheon. Can easily see valuation of 30-40-50% above where it currently is. Yield is 2.15%. (Analysts’ price target is $154.40)
Plan to break up 3 main platforms, and merge aerospace with Raytheon. Can easily see valuation of 30-40-50% above where it currently is. Yield is 2.15%. (Analysts’ price target is $154.40)
Christopher Blumas
Vice-President & Portfolio Manager, GlobeInvest Capital Management
Price
$136.360
Owned
Yes
TOP PICK
TOP PICK
July 10, 2019

They are spinning off OTIS and Carrier. Their aircraft engine business will have a new engine next year for A320s and F35s. The share price has been held back somewhat. She likes their business model. (Analysts’ price target is $152.41)

They are spinning off OTIS and Carrier. Their aircraft engine business will have a new engine next year for A320s and F35s. The share price has been held back somewhat. She likes their business model. (Analysts’ price target is $152.41)

Christine Poole
CEO & Managing Director, GlobeInvest Capital Management
Price
$130.450
Owned
Yes
BUY
BUY
June 27, 2019
The defense and aerospace sectors he really likes. There has been very, very good secular growth there and it will continue to consolidate. He would be a buyer of the stock right here.
The defense and aerospace sectors he really likes. There has been very, very good secular growth there and it will continue to consolidate. He would be a buyer of the stock right here.
David Burrows
President & Chief Investment Strategist, Barometer Capital Management
Price
$128.970
Owned
Unknown
DON'T BUY
DON'T BUY
June 14, 2019

The industrials are overpriced. He was excited about the Raytheon deal, but the market doesn't like it. $106.46 is his model price. There's better value elsewhere. Around $105 is interesting. Too expensive now.

The industrials are overpriced. He was excited about the Raytheon deal, but the market doesn't like it. $106.46 is his model price. There's better value elsewhere. Around $105 is interesting. Too expensive now.

Brian Acker, CA
Chief Executive Officer, President and Chief Inves, Acker Finley Inc.
Price
$125.300
Owned
No
BUY
BUY
June 11, 2019

Right now UTX-N is a nice buying opportunity. They will spinoff some assets and will be involved with RTN-N in a merger, which will create some great opportunities. They sell original equipment with service contracts attached to generate good margins for 10 years or more. This makes them more defensive.

Right now UTX-N is a nice buying opportunity. They will spinoff some assets and will be involved with RTN-N in a merger, which will create some great opportunities. They sell original equipment with service contracts attached to generate good margins for 10 years or more. This makes them more defensive.

Christine Poole
CEO & Managing Director, GlobeInvest Capital Management
Price
$122.940
Owned
Yes
COMMENT
COMMENT
June 11, 2019
A great company. You've done well if you have owned this for a long time. The combination with Raytheon will raise competition issues. Will this be a meaningful merger; how will it benefit UTX as an industrial company? They should be two separate entities. The merger will reduce organic growth opportunities for UTX. Depending on who the market deems the acquirer, one of these will sell off.
A great company. You've done well if you have owned this for a long time. The combination with Raytheon will raise competition issues. Will this be a meaningful merger; how will it benefit UTX as an industrial company? They should be two separate entities. The merger will reduce organic growth opportunities for UTX. Depending on who the market deems the acquirer, one of these will sell off.
Darren Sissons
Vice President and Partner, Campbell Lee & Ross
Price
$122.940
Owned
Unknown
COMMENT
COMMENT
May 23, 2019
Going to focus on becoming in the aerospace and split off the carrier division and the OTIS elevator division. Exciting story.
Going to focus on becoming in the aerospace and split off the carrier division and the OTIS elevator division. Exciting story.
Bruce Murray
CEO & Chief Investment Officer, The Murray Wealth Group
Price
$130.450
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
May 14, 2019
(A Top Pick May 08/18, Up 12%) She has long held this. Aerospace, Otis Elevators and building products are their three sectors. 45% of their revenue stream is after-market, a recurring revenue stream (e.g. servicing Otis elevators or engines which are high-margin servicing contrcsts). This is defensive in an economic slowdown. They had a strong Q1 and raised their guidance, which they rarely do in Q1. Boasts 16x forward earnings.
(A Top Pick May 08/18, Up 12%) She has long held this. Aerospace, Otis Elevators and building products are their three sectors. 45% of their revenue stream is after-market, a recurring revenue stream (e.g. servicing Otis elevators or engines which are high-margin servicing contrcsts). This is defensive in an economic slowdown. They had a strong Q1 and raised their guidance, which they rarely do in Q1. Boasts 16x forward earnings.
Christine Poole
CEO & Managing Director, GlobeInvest Capital Management
Price
$133.980
Owned
Yes
SELL
SELL
April 30, 2019
It's currently pausing at $142, a level of resistance. He would sell it now, given the potential of falling.
It's currently pausing at $142, a level of resistance. He would sell it now, given the potential of falling.
Keith Richards
Portfolio Manager, ValueTrend Wealth Management
Price
$142.610
Owned
Unknown
BUY
BUY
April 9, 2019
It corrected last December, has seen a strong uptrend since and now he targets $145. He likes it. You want to be long cyclical stocks because we started a new 4-year economic cycle back in December.
It corrected last December, has seen a strong uptrend since and now he targets $145. He likes it. You want to be long cyclical stocks because we started a new 4-year economic cycle back in December.
Javed Mirza
Technical analyst, Canaccord Genuity
Price
$132.050
Owned
Unknown
DON'T BUY
DON'T BUY
April 4, 2019
Industrials tend not to be the best sector to be in at the late stages of the cycle. Good company but he is concern about a soft patch in the future.
Industrials tend not to be the best sector to be in at the late stages of the cycle. Good company but he is concern about a soft patch in the future.
Stan Wong
Director & Portfolio Manager, Private Wealth Management, ScotiaMcleod
Price
$132.700
Owned
No
TOP PICK
TOP PICK
March 12, 2019
A diversified industrial company. They plan to spin off divisions Carriere Air Conditioning and Otis Elevators as standalone entities, but keep their aerospace division. The companies would become more nimble to pursue opportunities. Attractively valued now and pays a yield over 2% that will grow. (Analysts’ price target is $140.48)
A diversified industrial company. They plan to spin off divisions Carriere Air Conditioning and Otis Elevators as standalone entities, but keep their aerospace division. The companies would become more nimble to pursue opportunities. Attractively valued now and pays a yield over 2% that will grow. (Analysts’ price target is $140.48)
Christine Poole
CEO & Managing Director, GlobeInvest Capital Management
Price
$124.670
Owned
Yes
BUY WEAKNESS
BUY WEAKNESS
February 28, 2019
Health care in the last little while has been weaker vs more cyclical areas. 14% long-term growth rate. Decent dividend at 1.5%. Buy on these dips.
United Technologies (UTX-N)
February 28, 2019
Health care in the last little while has been weaker vs more cyclical areas. 14% long-term growth rate. Decent dividend at 1.5%. Buy on these dips.
Stan Wong
Director & Portfolio Manager, Private Wealth Management, ScotiaMcleod
Price
$125.670
Owned
Yes
PARTIAL BUY
PARTIAL BUY
February 25, 2019
They've really ramped up after a serious oversell in Q4. A good stock for the States. But be careful entering this now, though he does see more upside. This stock could fade a bit after such a sudden run-up. The Fed could surprise upwards and that would hit UTX.
United Technologies (UTX-N)
February 25, 2019
They've really ramped up after a serious oversell in Q4. A good stock for the States. But be careful entering this now, though he does see more upside. This stock could fade a bit after such a sudden run-up. The Fed could surprise upwards and that would hit UTX.
Andrew Pyle
Senior wealth advisor and portfolio manager, The Pyle Group, Scotia Wealth Mgt.
Price
$128.270
Owned
No
COMMENT
COMMENT
February 15, 2019
You're going to have to decide which of the 3 companies you want to keep after the split. Comes down to your portfolio, and how you're correlated. Going to want to keep aerospace, as the growth is great. Otis is more cyclical. Air conditioning is all based on consumers.
United Technologies (UTX-N)
February 15, 2019
You're going to have to decide which of the 3 companies you want to keep after the split. Comes down to your portfolio, and how you're correlated. Going to want to keep aerospace, as the growth is great. Otis is more cyclical. Air conditioning is all based on consumers.
David Driscoll
President & CEO, Liberty International Investment Management Inc
Price
$127.760
Owned
Unknown
BUY
BUY
February 6, 2019
A lot of industrials including this are splitting into pieces. Time will tell is this strategy will work. But UTX is a good company. They manage their portfolio well, buying and selling smartly. Well-managed with a good cash flow and a decent multiple.
A lot of industrials including this are splitting into pieces. Time will tell is this strategy will work. But UTX is a good company. They manage their portfolio well, buying and selling smartly. Well-managed with a good cash flow and a decent multiple.
Gordon Reid
President, GoodReid Investment Counsel
Price
$121.360
Owned
Unknown
BUY
BUY
January 29, 2019
Looks positive and good volume. $126 limit and downside to $109. Fundamentals good. Likes large companies like this for their diversification.
Looks positive and good volume. $126 limit and downside to $109. Fundamentals good. Likes large companies like this for their diversification.
Jeff Parent B. Eng. FCSI CIM
VP & Portfolio Manager, Chief Investment Officer, Castlemoore Inc.
Price
$117.840
Owned
Unknown
HOLD
HOLD
January 10, 2019

The stock came off because they announced the split in three parts ( Aerospace, Otis Elevators and Chubb and Carrier Division) but it will take up to 18 months to wait until a recent acquisition closes. All three business are great with recurring revenue streams. But the spinoff is an overhang on the stock. You will be paid to hold here.

The stock came off because they announced the split in three parts ( Aerospace, Otis Elevators and Chubb and Carrier Division) but it will take up to 18 months to wait until a recent acquisition closes. All three business are great with recurring revenue streams. But the spinoff is an overhang on the stock. You will be paid to hold here.

Christine Poole
CEO & Managing Director, GlobeInvest Capital Management
Price
$110.410
Owned
Yes
HOLD
HOLD
December 6, 2018
Industrials don't tend to do well when people are worry about a recession. They are going through a break up now that tends to be positive for stocks as enhances shareholder value. December is usually good for the high beta cyclical names.
Industrials don't tend to do well when people are worry about a recession. They are going through a break up now that tends to be positive for stocks as enhances shareholder value. December is usually good for the high beta cyclical names.
Stan Wong
Director & Portfolio Manager, Private Wealth Management, ScotiaMcleod
Price
$121.450
Owned
No
WATCH
WATCH
November 27, 2018
One of the last great conglomerates, now splitting into three companies. The street needs time to digest all this and decide which business they want to own. It's time to take a close look at UTX.
United Technologies (UTX-N)
November 27, 2018
One of the last great conglomerates, now splitting into three companies. The street needs time to digest all this and decide which business they want to own. It's time to take a close look at UTX.
David Baskin
President, Baskin Wealth Management
Price
$122.680
Owned
Unknown
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