United Technologies Corp
Latest United Technologies Corp News and Updates
How Post-Brexit Trade Deals Impact US Multinationals in Europe
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.
US Industrial Production Data Disappoint Investors
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’s 1Q18 Earnings Beat Estimates
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.
General Electric in 3Q16: How Has the Stock Performed So Far?
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.
General Electric Stock Traded near Its Ten-Year Low
On December 7, General Electric’s closing price was $7.01. Currently, the stock trades near its ten-year low of $6.66.
Costco Rose, Citigroup Upgraded the Stock
The S&P 500 Consumer Staples sector rose 0.15% on December 19. Costco Wholesale (COST) and Altria Group (MO) were the top performers.
UTX Sikorsky segment performance for 4Q14
The Sikorsky segment saw a major win from India’s navy, which placed an order for 16 S-70B Seahawk naval helicopters.
What Positions Did Bill Ackman Add, Cut, and Dispose of in Q1?
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 opens new position in Alibaba Group
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.
Honeywell Aerospace’s Recent Developments in Connectivity
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.
What Were the Top Holdings of Citadel Advisors in Q3?
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.
Raytheon’s Intelligence, Information and Services Segment
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.
Citadel Advisors Raises Position in United Technologies Corporation
United Technologies Corporation (UTC) provides high technology products and services to the building systems and aerospace industries worldwide.
How the Boeing 737 Max Crash Could Affect Berkshire Hathaway
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 sells its shares in General Electric
Renaissance Technologies eliminated a position in General Electric Co. (GE) that accounted for 0.38% of the fund’s 3Q portfolio.
US Manufacturing PMI Points to Weakening Business Conditions
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.
How Do Honeywell’s Latest Valuations Compare to Peers?
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.
How General Electric Stock Performed after Its 2Q17 Earnings
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.
What to Expect for Boeing’s Q3 Earnings amid MAX Crisis
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 to Halt 737 MAX Deliveries to Boeing
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 adds new position in Grupo Aval
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 establishes new position in United Technologies
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 opens new position in XPO Logistics
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 adds new position in The Priceline Group
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.
Highlights of OTPP’s third quarter 13F filing
OTPP is an independent organization. It invests in pension fund assets. It administers the pensions for 307,000 active and retired teachers in Ontario.
Boeing 797: Which Airlines Want It and Why?
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.
Aeronautics: Lockheed Martin’s highest revenue segment
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.
Jeffrey Gundlach Thinks that Donald Trump Would Win
At the recent Sohn Investment Conference, Jeffrey Gundlach of DoubleLine Capital expressed his belief that Donald Trump would win the presidency.
Wellington Management: Analyzing Its Top Holdings
Wellington Management filed its 13F on Wednesday. Based on the filing, the market value of total publicly traded securities was around $443.45 billion.
Why do key purchasing managers’ index readings move markets?
In this series, we’ll focus on the manufacturing PMI issued by three major institutions, measuring manufacturing activity in the U.S.
UTX’s Q3 Earnings Exceed Estimates, Outlook Raised
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 Beats Q3 Estimates, Falls on 2020 Guidance
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.
Earnings Preview: Boeing, Caterpillar, 3M, GE, and More
Honeywell kicked off industrials earnings season, beating estimates. With Boeing, Caterpillar, 3M, GE, and more reporting soon, here’s what to expect.
UTX Earnings: Has Wall Street Set the Bar Too Low?
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.
Boeing Gets Major Defense Order amid MAX Crisis
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: Thailand Plans Multimillion-Dollar Defense Order
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.
How Much Boeing’s 737 MAX Fiasco Has Cost Investors
The 737 MAX accounted for nearly 70% of Boeing’s overall commercial aircraft deliveries, and 30% of its total operating profit.
Boeing Won Another Major Defense Contract in August
Amid the ongoing crisis with Boeing’s (BA) 737 MAX aircraft, the company won another major defense contract in August from the USAF.
Trade War Escalated, Airline Stocks Fell
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.
Boeing Gets $999 Million Contract to Upgrade A-10 Wings
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.
Ackman Calls Berkshire Misunderstood, Sees Big Returns
During its latest 13F filings, Bill Ackman’s Pershing Square Holdings revealed its new stake in Warren Buffett’s Berkshire Hathaway.
Ackman Makes Berkshire Bet: What It Means for Investors
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 Cuts Stake in United Technologies
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.
Is FedEx Bill Ackman’s Next Investment Target?
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 Wins $55.5 Million KC-46 Modification Contract
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.
Pershing Square Exits United Tech and ADP Investments
Through a letter to clients, Bill Ackman’s Pershing Square fund announced that it exited its positions in United Technologies and ADP.
3M Beats Estimates, Stock Falls: Here’s Why
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.
Why 3M Stock Is Soaring despite Its Q2 Profit Dropping
3M (MMM), a diversified technology company, reported its Q2 earnings today before markets opened.
Why Boeing Missed Q2 Earnings Estimates
Boeing (BA) reported dismal second-quarter results with the top and bottom lines both missing Wall Street analysts’ estimates.
How Much Did 737 MAX Fiasco Hurt Boeing’s Q2 Earnings?
Boeing (BA) plans to report its second-quarter 2019 results on July 24.
Why Dan Loeb Is Concerned about the UTX-RTN Deal
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.
Dan Loeb Joins Bill Ackman, Opposes UTX-RTN Merger
On June 9, United Technologies (UTX) and Raytheon (RTN) agreed to merge their businesses to create a new aerospace and defense powerhouse.
Bill Ackman and Dan Loeb Oppose UTX-RTN Aerospace Merger
UTX has been a key contributor to Pershing’s gains so far this year.
Why UTX-RTN Merger Obstacles May Not End Anytime Soon
On June 9, United Technologies (UTX) and Raytheon Company (RTN) agreed to merge their businesses to create a new aerospace and defense powerhouse.
UTX-RTN Merger May Face Hurdle in Getting Anti-Trust Approval
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 Thanks Warren Buffett for His Fund’s Comeback in 2019
Bill Ackman has made a huge comeback in 2019.
Boeing Gains on US-China Trade Optimism and 737 Max Software Fix
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.
Boeing Faces Worldwide Grounding of its 737 MAX Planes
The United States and Canada are the latest countries to ban Boeing’s (BA) 737 MAX planes from flying in their air space.
Airplane Part Suppliers Feel the Pinch of Boeing’s 737 Max Crash
The Boeing Company isn’t the only stock that’s feeling the pinch of the March 10 Ethiopian Airlines crash.
Boeing Acquires Aviation Software Startup ForeFlight
On March 6, Boeing (BA) announced that it completed the acquisition of ForeFlight. Boeing didn’t disclose the financial terms of the deal.
Morgan Stanley Sees More Upside in Boeing’s Share Price
On February 28, Rajeev Lalwani of Morgan Stanley (MS) reiterated his “overweight” rating and raised the target price on Boeing stock to $500.
Boeing Gets an $18.6 Billion 777X Order from British Airways
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.
Boeing Wins $43 Million Navy Contract to Build Super Submarines
Last week, the Boeing Company (BA) announced winning a $43 million contract from the US Navy to build four large unmanned submarines.
Boeing to Get a Boost from KC-46 Air Tanker Approval
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.
Honeywell Declares a Quarterly Dividend of $0.82 in Q1 2019
Today, Honeywell (HON) declared a regular cash dividend for the first quarter of 2019.
Analyzing Honeywell’s Performance since Its Q3 Earnings
Honeywell (HON) is scheduled to announce its fourth-quarter earnings on February 1 before the market opens.
GE Soars 4% after Wabtec Deal Gets More Lucrative
General Electric (GE) stock gained over 4% last Friday after the company announced that the GE Transportation-Wabtec merger deal had been revised.
Honeywell to Help Tobacco Companies Comply with EU Directive
So far in 2019, Honeywell stock has gained 6.9%.
Dimon: This Could ‘Cause a Slowdown or a Recession’
This morning, the broader market began trading on a slightly positive note, primarily driven by upbeat earnings reports.
GE Stock Fell 4% on Uncertainty about Airline Leasing Unit Sale
General Electric (GE) fell ~4.4% yesterday after market experts questioned how much the company could make from selling its airline-leasing unit.
GE Transportation-Wabtec Merger Gets Another Step Closer
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.
Honeywell to Collaborate with Optoro on Reverse Logistics
On January 10, 2019, Honeywell (HON) announced that it plans to collaborate with Optoro.
General Electric Gains, Apollo Considers a Bid for GECAS Assets
Apollo Global Management is working on an offer to bid for General Electric’s aircraft leasing operations.
Is It the Right Time to Invest in GE Stock at Current Multiples?
Last year’s ~57% plunge in General Electric (GE) stock has made its valuation attractive in the industrial sector.
Honeywell Bags Contract to Modernize Kunsan Air Base
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.
Aviation Segment to Drive GE’s Revenues in 2019
The Aviation division has been General Electric’s (GE) best-performing business unit in recent quarters.
How Boeing Stock Has Fared in 2018
Boeing (BA) stock started 2018 on a positive note and carried this momentum forward up to November 7, with a return of ~26%.
GE to Separate Digital Assets, Build an Independent Company
On December 13, General Electric (GE) announced that it will spin off its digital assets and build an independent company.
Honeywell’s GoDirect Bags New Contract with Swissport
On December 10, 2018, Honeywell (HON) announced that it would deploy its GoDirect ground solution to Swissport International for five years.
GE’s Lighting and Transportation Businesses Struggle
Apart from the power business, General Electric’s (GE) Transportation and Legacy segment’s lighting division has also struggled for years.
Honeywell to Shift Its Headquarters to Charlotte
On November 30, Honeywell (HON) announced that it will relocate its global corporate headquarters to Charlotte, North Carolina.
William Yu: New President of Honeywell China
In a press release on November 15, Honeywell (HON) said that William Yu will be the president of Honeywell China.
Honeywell Completed the Transnorm Acquisition
In a press release on November 9, Honeywell (HON) announced that it completed the acquisition of German-based Transnorm.
GE to Sell LED Business as Part of Restructuring Plan
Yesterday, General Electric announced it agreed to sell its Current lighting division to private equity firm American Industrial Partners.
3M’s Unfunded Pension Funds: Analyzing the Trend
3M offers pension and post-retirement benefit plans to its employees. The company has more than 75 defined benefit plans in 27 countries.
Honeywell Acquires Transnorm, Completes Garrett Motion Spin-Off
On October 1, Honeywell (HON) announced in a press release that it had entered into an agreement to acquire Transnorm.
How Analysts View Boeing after Its August Order Boom
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.
What Does the Stockpile of 737s Mean for Boeing Investors?
According to Boeing’s latest guidance, it expects to deliver 810–815 commercial aircraft in 2018.
Huge Slump in General Electric’s Q2 Earnings Drags Stock by 4.4%
General Electric (GE) announced its second-quarter results today before the market opened. The company’s net earning fell 32.7%.
Honeywell Launches New Midstream Gas Metering Solution
On June 19, Honeywell (HON) launched a new gas metering solution. The new solution makes the company’s metering operations more reliable.
Should Investors Worry about Boeing’s Leverage Levels?
Boeing (BA) operates in a highly capital-intensive industry.
How Rising Crude Oil Prices Could Affect Boeing’s Order Book
On May 22, crude oil (DBO) rose towards $80.0 per barrel.
Analyzing Boeing’s Free Cash Flows and Dividend Prospects in 2018
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.
Wall Street’s Views on Boeing Ahead of Its 1Q18 Earnings Release
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 Reports Record 1st-Quarter Revenue in 1Q18
Honeywell International (HON) reported revenue of $10.4 billion in 1Q18, marking a 9.5% increase from 1Q17.
Honeywell Stock Soars on Strong 4Q17 Earnings
Honeywell International (HON) announced its 4Q17 earnings on January 26, 2018, before the market opened.
How Carl Icahn and Bill Ackman View Herbalife
Carl Icahn is a great believer in Herbalife. He has been a substantial investor in this stock since January 2013.
Bill Ackman Took New Position in United Technologies
On March 5, 2018, UTX was trading at $131.7. It has returned 18% over the past one year.
How General Electric’s Dividend Yield Compares to Peers
In the last few months, General Electric’s forward dividend yield has fallen.
Honeywell Sees Best-Ever 4Q Revenue in 2017
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 […]