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With the market's recently volatility, many investors are more focused on capital preservation than capital appreciation. Therefore, many times they flock to mega caps-- also known as blue chip stocks-- since they have proven themselves through many business cycles, and typically have a much more secure revenue base. However, the five well-known companies below seem to be under-appreciated by investors, and now looks to be the right time to buy. Moreover, they have large institutional ownership which tends to provide price stability and less volatility, as their time horizon is much longer than the average investor or hedge fund.

General Electric Company (NYSE:GE) operates as a technology, service, and finance company worldwide. This is a company I recently wrote about here, and I still feel it has great value at a trailing 12x P/E, 10x forward P/E, .9x PEG, 1.1x P/S, very strong FCF of over $26B this past year, and very nice 3.7% dividend yield. Moreover, with a very low payout ratio below 50%, expect more dividend raises in the future. This is a buy, and as of last quarter, it had a strong 52.3% of all shares outstanding held by institutions.

United Technologies (UTX) provides technology products and services to the building systems and aerospace industries worldwide. The company has a trailing P/E under 15x, forward 13x P/E, 1.2x PEG and P/S, FCF in excess of $5B this past year, and a nice 2.4% dividend yield. UTX trades at a very low 34% payout ratio as well, so it's very likely to see continued future dividend increases and a nice buy here. As of last quarter UTX had a very strong 80.9% of all shares outstanding held by institutions.

Danaher (NYSE:DHR) designs, manufactures, and markets professional, medical, industrial, and commercial products and services. DHR is trading at a reasonable trailing 15x P/E, 14x forward P/E, 1x PEG, and just under $2B in FCF this past year. The company has a small dividend yield, but management has been raising that aggressively lately, and with its great, diversified revenue base, I’d expect that to continue. Moreover, as of last quarter, DHR had a strong 74.2% of all shares outstanding held by institutions.

Northrop Grumman (NYSE:NOC) provides products, services, and solutions in aerospace, electronics, information systems, shipbuilding, and technical service sectors. NOC trades at a cheap 8x trailing and forward P/E, 1x PEG, .5x P/S and EV/S, and a very nice 3.5% secure dividend yield. This diversified, stable company is a buy at these levels, and as of last quarter it had a very strong 90.1% of all shares outstanding held by institutions.

E. I. du Pont de Nemours and Company (NYSE:DD) operates as a science and technology company worldwide. This Dow stock is trading at a historically cheap 12x trailing P/E, 10x forward P/E, 1.2x PEG, 1.1x P/S, over $3B in FCF this past year, and secure 3.6% dividend yield. I think that great dividend will provide price protection in this volatile market along with 64.2% of all shares outstanding held by institutions as of last quarter.

Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in GE, NOC, DD over the next 72 hours.