NYSE:UTX
146.99
1.73
(1.19%)
United Technologies Corporation is an American multinational conglomerate headquartered in Farmington, Connecticut.
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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.