What does the company do? Manufactures engines, air-conditioning systems, helicopters and building elevators.
2010 Financial report:
Q. Please give your opinion of
A. Investing in any conglomerate requires that an investor do some homework to fully understand it. There are many facets to diversified companies, with business units often being added or sold off.
This conglomerate is playing it cool in 2011: Its Carrier air conditioners are experiencing strong worldwide sales, especially in
United Technologies has had some high visibility this year:
-- Two of its Black Hawk "stealth" helicopters, modified to reduce noise and evade radar, carried U.S. Navy Seals on their mission to
-- This builder of rocket engines testified before
United Technologies (UTX) shares are up 12 percent this year following gains of 13 percent in both 2010 and 2009. Its first-quarter net rose 17 percent to
In its April announcement of a quarterly dividend increase to
United Technologies has an order backlog, and the current strength of the euro is a positive for overseas sales. The company purchased
Some concerns: Its significant international business must always cope with currency volatility. It is also dependent on government funding for military contracts, and the building and aerospace businesses are cyclical.
Earnings are expected to increase 14 percent in 2011 compared to 27 percent forecast for the diversified industrials sector, according to Thomson Reuters. The five-year annualized growth rate is forecast as 10 percent versus 16 percent expected industry-wide.
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