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United Technologies Corporation (UTX)

  • Mar. 15, 2012, 1:59 PM
    United Technologies (UTX -0.3%) provides an update on how it plans to pay for its purchase of Goodrich. The company will divest 5 different businesses for a net of $3B and raise $1.5B from mandatory convertible securities. As for the $165.B Goodrich pickup, United says that the deal is still on track for a mid-year close.
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  • Feb. 13, 2012, 4:51 PM
    United Technologies' (UTX) Sikorsky helicopter division gets orders for 16 of its new S-92 helicopters from Bond Aviation Group, the British helicopter operator and subsidiary company of the World Helicopters Group. The one-time purchase is the largest ever received by the company for the new aircraft.
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  • Feb. 9, 2012, 5:46 AM
    United Technologies (UTX) is considering selling its pump- and compressor-making division, which would be worth at least $2B, to raise money for the proposed $16.5B acquisition of Goodrich (GR), Bloomberg reports. United Tech is also looking for a buyer for Rocketdyne, which makes rocket engines and could bring in $400M+.
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  • Jan. 25, 2012, 7:09 AM
    United Technologies (UTX): Q4 EPS of $1.47 beats by $0.01. Revenue of $15B (+0.7% Y/Y) misses by $0.1B. Reaffirms FY12 EPS of $5.80-6.00, FY12 revenue of $59B-60B. (PR)
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  • Jan. 25, 2012, 12:05 AM
    Notable earnings before Wednesday's open: ABT, ADP, ATI, BA, BPOP, COP, DAL, DOV, ERIC, EXC, GD, GLW, GWW, HCBK, HES, IGTE, LCC, MSI, MWV, NVS, NYB, OXY, PII, PX, RES, ROK, SAP, SO, STJ, TEL, TXT, UTX, WLP, XRX
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  • Jan. 24, 2012, 5:30 PM
    Notable earnings before Wednesday's open: ABT, ADP, ATI, BA, BPOP, COP, DAL, DOV, ERIC, EXC, GD, GLW, GWW, HCBK, HES, IGTE, LCC, MSI, MWV, NVS, NYB, OXY, PII, PX, RES, ROK, SAP, SO, STJ, TEL, TXT, UTX, WLP, XRX
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  • Jan. 3, 2012, 11:49 AM
    Morgan Stanley says the S&P 500 will drop 7% in 2012, ending the new year at 1,167. The firm cites as catalysts a global economic slowdown, weak company results and a stronger U.S. dollar. Consequently, it cuts the energy sector to Underweight and ups industrials to Market-Weight, removing Baker Hughes (BHI +4.2%) and Walgreen (WAG+1.3%) from its portfolio and adding United Technologies (UTX +3.1%), Fresh Market (TFM +0.7%) and Target (TGT -0.1%).
  • Dec. 29, 2011, 8:02 AM
    Shares of United Technologies (UTX) slip 1.3% in premarket action after Argus Research takes its rating down a notch to Hold from Buy. Analysts with the firm cite "mixed" prospects for UTX in 2012 with higher commodity prices, steeper developments costs, and pension pressure all sitting as overhangs.
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  • Dec. 21, 2011, 3:52 PM
    General Electric (GE +2.3%) has easily outperformed its peers since announcing a dividend raise Dec. 9, and shares are posting another strong gain. Since Dec. 9, GE shares have climbed 5.9%, vs. a 1.5% drop for United Technologies (UTX) and a 3.3% fall for Siemens (SI). Against financial stocks, GE is also clearly ahead.
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  • Dec. 15, 2011, 10:14 AM
    JetBlue (JBLU +2.1%) picks Pratt & Whitney (UTX +0.4%) in a ~$1B order for 86 engines to equip 40 Airbus SAS A320neo jets the carrier ordered earlier this year, beating out GE and Safran (SAFRY.PK) joint venture CFM International. It's the first U.S. airline customer for the PurePower geared turbofan engine on the A320neo.
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  • Dec. 13, 2011, 8:33 AM
    Rockwell Collins CEO Clay Jones says the firm isn't for sale at the moment, but would have to do the "responsible fiduciary thing" if a high offer came in. Jones calls his firm currently undervalued, pointing to the hefty tab United Technologies (UTX) picked up when it nabbed Goodrich (GR).
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  • Dec. 5, 2011, 3:28 PM
    Dealogic tags Swisher Hygiene (SWSH) the most acquisitive U.S. public company, at 43 acquisitions so far this year with an announced deal value of $220M. Swisher may be a surprise, but the list of busy dealmakers includes some of the expected M&A suspects; following SWSH in the top eight: GOOG, INTC, GE, AJG, UTX, BRO, BX.
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  • Nov. 17, 2011, 8:13 AM
    In addition to its Lion Air order, Boeing (BA) is selling eight 777 jets to Singapore Airlines for $2.4B. Meanwhile, GE (GE) has received a $1.3B booking for 50 engines from Indonesia's Garuda Airlines, and Sikorsky (UTX) is selling 12 Blackhawk choppers to Brunei for $325M.
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  • Nov. 14, 2011, 5:18 PM
    How CEOs of the Dow 30 are ranked by their firms' performance under their stewardship: CSCO +958% under Chambers vs. Dow +215%; MCD +287% under Skinner vs. Dow +16%; UTX +164% under Chenevert vs. Dow -4%. Worst performers: AA -77% under Kleinfeld vs. Dow -6%; INTC -63% under Otinelli vs. Dow +17%; BAC -60% under Moynihan vs. Dow -16%.
  • Oct. 24, 2011, 10:46 AM
    Despite continued strong corporate profits, WSJ detects an ominous impulse stirring: restructuring. Seeing a rockier economic road ahead, at least three major manufacturers - Danaher (DHR), Honeywell (HON) and United Technologies (UTX) - say they are setting aside money to fund moves to cut costs and streamline operations, which could include job cuts and factory closures.
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  • Oct. 19, 2011, 11:23 AM
    Shares of United Technologies (UTX -0.8%) slip after the firm issues a cautious Q3 report (I, II). CFO Greg Hayes gives a glimpse into the mindset at a large global manufacturer in an interview with Reuters: "I think 2012 is going to be a tougher year than 2011."
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Company Description
United Technologies Corporation provides high technology products and services to the building systems and aerospace industries. Its business segments are Otis, UTC Climate, Controls & Security, Pratt & Whitney, UTC Aerospace Systems and Sikorsky.
Country: United States