United Technologies Corp

If the United Kingdom doesn’t strike a deal with EU, tariffs on industrial goods and services would range between 0% and 16%, depending on the nature of the products.

Data indicated that industrial production edged down by 0.17% in May. So far, the industrial production index has declined in four out of five months this year.

General Electric (GE) released its 1Q18 earnings on April 20. GE’s adjusted earnings per share were $0.16, up 14.0% year-over-year.

Industrial conglomerate General Electric (GE) will release its 3Q16 earnings on October 21, 2016. It is currently in a transformation phase, focusing on its core industrial business.

On December 7, General Electric’s closing price was $7.01. Currently, the stock trades near its ten-year low of $6.66.

The S&P 500 Consumer Staples sector rose 0.15% on December 19. Costco Wholesale (COST) and Altria Group (MO) were the top performers.

The Sikorsky segment saw a major win from India’s navy, which placed an order for 16 S-70B Seahawk naval helicopters.

Pershing Square’s top three positions Pershing Square Holdings’ 13F portfolio’s value declined from $6.7 billion to $5.96 billion at the end of the first quarter of 2019. Its number of positions fell from nine to eight. Pershing’s three largest positions at the end of the first quarter were as follows: Chipotle Mexican Grill (CMG) accounted […]

OTPP added a new position in Alibaba Group Holding (BABA) during the third quarter that ended in September. The position accounted for 0.09% of the fund’s total portfolio.

In September 2015, Honeywell acquired Aviaso Software, a privately held aviation software company based in Switzerland. Aviaso develops and provides fuel efficiency and emission-saving software to the airline industry.

In Q3 2019, Citadel Advisors’ portfolio of publicly traded securities was worth $212.04 billion. In Q2 2019, its portfolio was worth $155.1 billion.

The Intelligence, Information and Services segment was almost in line with last year. So were the operating income and margins, all of which saw marginal declines.

United Technologies Corporation (UTC) provides high technology products and services to the building systems and aerospace industries worldwide.

Boeing (BA) has been feeling the heat after its 737 Max 8 aircraft crashed on March 10—the second crash in five months.

Renaissance Technologies eliminated a position in General Electric Co. (GE) that accounted for 0.38% of the fund’s 3Q portfolio.

On July 1, Markit Economics reported the final reading for the June US Manufacturing PMI at 53.6 index points—slightly above the flash reading of 53.4.

At present, Honeywell stock is trading at a premium compared to peer United Technologies after HON declared strong 4Q16 and full-year earnings on January 27, 2017.

On August 14, Berkshire Hathaway divulged the details of its 13F filed for 2Q17. Warren Buffett’s behemoth firm liquidated its holdings in General Electric (GE) during the quarter.

Boeing (BA) is set to report its Q3 earnings results on October 23. Reuters-polled analysts foresee more dismal financial results for the company.

Spirit AeroSystems (SPR) stock fell 1% on December 20. The company announced that it will stop all 737 MAX deliveries to Boeing (BA) starting on January 1.

OTPP added a new position in AVAL during the third quarter that ended in September. The position accounted for 0.11% of the fund’s total portfolio.

OTPP added a new position in United Technologies Corp. (UTX) during the third quarter that ended in September. The position accounted for 0.13% of the fund’s total portfolio.

OTPP added a new position in XPO Logistics Inc. (XPO) during the third quarter that ended in September. The position accounted for 0.46% of the fund’s total portfolio.

OTPP added a new position in The Priceline Group Inc. (PCLN) during the third quarter that ended in September. The position accounted for 0.50% of the fund’s total portfolio.

OTPP is an independent organization. It invests in pension fund assets. It administers the pensions for 307,000 active and retired teachers in Ontario.

For Boeing, most of 2019 has been about the 737 MAX. It’s curbed the decision about whether to build its 797 model until the 737 MAX crisis is resolved.

Lockheed Martin started deliveries on its major F-35 program just three years ago. Lockheed Martin works with almost 1400 suppliers, including companies like Northrop Grumman.

At the recent Sohn Investment Conference, Jeffrey Gundlach of DoubleLine Capital expressed his belief that Donald Trump would win the presidency.

Wellington Management filed its 13F on Wednesday. Based on the filing, the market value of total publicly traded securities was around $443.45 billion.

In this series, we’ll focus on the manufacturing PMI issued by three major institutions, measuring manufacturing activity in the U.S.

United Technologies (UTX) reported its Q3 earnings today before the market opened. UTX’s revenues of $19.5 billion beat the expectation of $19.39 billion.

Lockheed Martin released its third-quarter earnings results today. The company reported revenue of $15.2 billion in the quarter, a 6% year-over-year rise.

Honeywell kicked off industrials earnings season, beating estimates. With Boeing, Caterpillar, 3M, GE, and more reporting soon, here’s what to expect.

UTX is scheduled to release its third-quarter earnings results on October 22 before the market opens. It’s returned 28.5% year-to-date.

Amid ongoing troubles with its 737 MAX commercial planes, Boeing has received some positive news: $2.9 billion in orders from the US Department of Defense.

Boeing could receive a multimillion-dollar defense order soon. Thailand’s army announced its plans to purchase eight Boeing attack helicopters, according to a report.

The 737 MAX accounted for nearly 70% of Boeing’s overall commercial aircraft deliveries, and 30% of its total operating profit.

Amid the ongoing crisis with Boeing’s (BA) 737 MAX aircraft, the company won another major defense contract in August from the USAF.

US airline stocks fell drastically on August 23. The industry seems to be bearing the brunt of the escalating trade war and sluggish economic growth concerns.

Yesterday, the US Air Force awarded a $999 million contract to Boeing (BA) to upgrade the wings of its A-10 Thunderbolt II attack aircraft.

During its latest 13F filings, Bill Ackman’s Pershing Square Holdings revealed its new stake in Warren Buffett’s Berkshire Hathaway.

According to the regulatory filing from Bill Ackman’s Pershing Square Capital, the fund has taken a new stake in Berkshire Hathaway (BRK.B).

Daniel Loeb’s Third Point has reduced its stake in United Technologies. As per a regulatory filing, the fund sold 480,000 UTX shares in the second quarter.

FedEx stock gained nearly 3% on August 6 on speculation that Bill Ackman’s Pershing Square had bought a significant stake in the company.

Boeing (BA) won a $55.5 million contract for certain modifications in the telescopic boom of the KC-46 Pegasus refueling tanker from the US Air Force.

Through a letter to clients, Bill Ackman’s Pershing Square fund announced that it exited its positions in United Technologies and ADP.

3M (MMM) stock soared 4.0% on Thursday in pre-market trading after the company exceeded Wall Street’s second-quarter earnings and revenue estimates.

3M (MMM), a diversified technology company, reported its Q2 earnings today before markets opened.

Boeing (BA) reported dismal second-quarter results with the top and bottom lines both missing Wall Street analysts’ estimates.

Boeing (BA) plans to report its second-quarter 2019 results on July 24.

Dan Loeb explained his opposition to the United Technologies (UTX) and Raytheon (RTN) merger in a letter to the members of UTX’s board on June 28.

On June 9, United Technologies (UTX) and Raytheon (RTN) agreed to merge their businesses to create a new aerospace and defense powerhouse.

UTX has been a key contributor to Pershing’s gains so far this year.

On June 9, United Technologies (UTX) and Raytheon Company (RTN) agreed to merge their businesses to create a new aerospace and defense powerhouse.

It likely won’t be easy for United Technologies and Raytheon to merge their businesses, as President Trump and the Pentagon are concerned about reduced competition.

Bill Ackman has made a huge comeback in 2019.

On April 4, Boeing gained ~3% on growing optimism about a US-China trade deal, which investors believe would bring massive orders for its 737 Max commercial jets.

The United States and Canada are the latest countries to ban Boeing’s (BA) 737 MAX planes from flying in their air space.

The Boeing Company isn’t the only stock that’s feeling the pinch of the March 10 Ethiopian Airlines crash.

On March 6, Boeing (BA) announced that it completed the acquisition of ForeFlight. Boeing didn’t disclose the financial terms of the deal.

On February 28, Rajeev Lalwani of Morgan Stanley (MS) reiterated his “overweight” rating and raised the target price on Boeing stock to $500.

Boeing (BA) announced yesterday that International Airlines Group, the parent company of London-based British Airways, has committed to purchase 42 next-generation 777X jets.

Last week, the Boeing Company (BA) announced winning a $43 million contract from the US Navy to build four large unmanned submarines.

On February 10, Boeing (BA) announced that it finally got the U.S. Air Force’s (or USAF) approval for the first delivery of its long-delayed KC-46 Pegasus tanker aircraft.

Today, Honeywell (HON) declared a regular cash dividend for the first quarter of 2019.

Honeywell (HON) is scheduled to announce its fourth-quarter earnings on February 1 before the market opens.

General Electric (GE) stock gained over 4% last Friday after the company announced that the GE Transportation-Wabtec merger deal had been revised.

So far in 2019, Honeywell stock has gained 6.9%.

This morning, the broader market began trading on a slightly positive note, primarily driven by upbeat earnings reports.

General Electric (GE) fell ~4.4% yesterday after market experts questioned how much the company could make from selling its airline-leasing unit.

General Electric’s Transportation unit and Wabtec got another step closer toward their proposed $11.1 billion merger with approval from the US Department of Justice.

On January 10, 2019, Honeywell (HON) announced that it plans to collaborate with Optoro.

Apollo Global Management is working on an offer to bid for General Electric’s aircraft leasing operations.

Last year’s ~57% plunge in General Electric (GE) stock has made its valuation attractive in the industrial sector.

On January 3, Honeywell (HON) announced that it had bagged a project to modernize the Kunsan Air Base, a US Air Force base in South Korea.

The Aviation division has been General Electric’s (GE) best-performing business unit in recent quarters.

Boeing (BA) stock started 2018 on a positive note and carried this momentum forward up to November 7, with a return of ~26%.

On December 13, General Electric (GE) announced that it will spin off its digital assets and build an independent company.

On December 10, 2018, Honeywell (HON) announced that it would deploy its GoDirect ground solution to Swissport International for five years.

Apart from the power business, General Electric’s (GE) Transportation and Legacy segment’s lighting division has also struggled for years.

On November 30, Honeywell (HON) announced that it will relocate its global corporate headquarters to Charlotte, North Carolina.

In a press release on November 15, Honeywell (HON) said that William Yu will be the president of Honeywell China.

In a press release on November 9, Honeywell (HON) announced that it completed the acquisition of German-based Transnorm.

Yesterday, General Electric announced it agreed to sell its Current lighting division to private equity firm American Industrial Partners.

3M offers pension and post-retirement benefit plans to its employees. The company has more than 75 defined benefit plans in 27 countries.

On October 1, Honeywell (HON) announced in a press release that it had entered into an agreement to acquire Transnorm.

Boeing’s consensus-12-month target price is $412.6, which indicates a 15.9% return potential as of the September 17 closing of $356.

According to Boeing’s latest guidance, it expects to deliver 810–815 commercial aircraft in 2018.

General Electric (GE) announced its second-quarter results today before the market opened. The company’s net earning fell 32.7%.

On June 19, Honeywell (HON) launched a new gas metering solution. The new solution makes the company’s metering operations more reliable.

Boeing (BA) operates in a highly capital-intensive industry.

On May 22, crude oil (DBO) rose towards $80.0 per barrel.

On March 31, Boeing (BA) had cash and cash equivalents of $9.2 billion, up ~$400.0 million from $8.2 billion on December 31, 2017.

Analysts expect Boeing (BA) to post adjusted EPS (earnings per share) of $2.56 in 1Q18, representing 27.2% growth YoY (year-over-year).

Honeywell International (HON) reported revenue of $10.4 billion in 1Q18, marking a 9.5% increase from 1Q17.

Honeywell International (HON) announced its 4Q17 earnings on January 26, 2018, before the market opened.

Carl Icahn is a great believer in Herbalife. He has been a substantial investor in this stock since January 2013.

On March 5, 2018, UTX was trading at $131.7. It has returned 18% over the past one year.

In the last few months, General Electric’s forward dividend yield has fallen.

Honeywell’s 4Q17 revenue Honeywell (HON) reported revenue of $10.84 billion in 4Q17, an 8.6% increase over 4Q16. Honeywell managed to beat analysts’ estimate of $10.80 billion and marked its highest-ever fourth-quarter revenue. Since 2012, Honeywell’s revenue has grown at a compound annual rate of 2.3%. Honeywell’s 4Q17 revenue growth was primarily due to its organic growth […]