Stephen Simpson, CFA
Long only, growth at reasonable price, value, research analyst

With Aerospace Squared Away, Will United Technologies Go Back To Big Deals?

Like the roads around most major cities, the construction of a large industrial conglomerate is never finished. United Technologies (NYSE:UTX) is now strongly leveraged to the expected growth in commercial aerospace over the next decade, but the Building and Industrial Systems segment has suffered in comparison. Like most industrial conglomerates, United Technologies doesn't look like a tremendous bargain at today's levels, but I wouldn't underestimate the potential of a value-bidding deal in the next 12 to 18 months.

Good Revenue And Margins...

United Technologies delivered a pretty good second quarter in my view. Revenue rose more than 7% as reported and beat expectations by about 2% to 3%, though the pace of organic revenue growth did slow a...

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