United Technologies Corp

For fiscal 1Q17, Rockwell Automation (ROK) reported $696 million in sales from its Architecture & Software segment compared to $643 million during fiscal 1Q16.

While the Middle East represents the most immediate opportunities, LMT is also working towards more promising opportunities in the Asia-Pacific region.

In this part of the series, we’ll look at the outlook for General Dynamics’ individual business segments. General Dynamics has four major business segments.

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.

UTC (UTX) stock has generated more than 130% returns over the last decade. This is nearly double the S&P index returns during the same time period.

Boeing has a history of increasing its dividend payout once in every four quarters. The company has already announced a 20% increase in quarterly dividends for 2016.

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.

Honeywell (HON) is set to announce its Q2 2018 earnings on July 20 before the market opens. Since Q1, the stock has risen 2.4%.

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.

Forecasts show the civil aerospace market could see a global demand of 27,000 new airliners by 2031. This points to a great market outlook for Embraer.

The Otis segment is expected to grow steadily in the next year, driven by growth in key regions such as the US and China.

So far, Stanley Black & Decker (SWK) has given investors good returns among its industrial peers. As of June 5, Stanley Black & Decker has risen 20.70%.

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.

Boeing is six months ahead of schedule on its 737 MAX production, which means earlier deliveries of the aircraft.

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

Honeywell has been in business for about three decades. In the past decade, the company has been able to garner more than 150% returns for its investors.

Among the analysts surveyed by Bloomberg, eight analysts have a “buy” rating and seven have a “hold” rating on Rockwell Collins (COL). There were no “sell” ratings on COL 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.

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

Boeing (BA), the world’s largest aerospace company, will announce its 4Q17 financial results on January 31, 2018.

Boeing’s operating cash flow for the year was about $9 billion. The operating cash flow was $5 billion for the fourth quarter—up from $1.4 billion in 4Q13.

General Electric (GE) stock lost 47.3% of its value, implying a market capitalization erosion of ~$130.0 billion in the past year.

Bullish manufacturing data released by the ISM eased the concerns about a US economic slowdown. US manufacturing activities improved in March.

On September 28, 2016, KONE Corporation stated that it expected its elevator sales in China to fall as much as 10% in 2016. UTX’s stock was essentially unmoved by this revelation.

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 […]

In 3Q14, the revenues for the Boeing Commercial Airplanes segment increased by 15% year-over-year to reach a record $16.11 billion.

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.

Boeing (BA) reported 4Q16 revenue of $23.3 billion, beating analysts’ estimates of $23.2 billion. Its EPS of $2.47 also beat analysts’ estimate of $2.35.

Honeywell’s Aerospace segment is a global provider of innovative solutions for regional and business aviation, defense systems, and air and other transportation systems.

Honeywell (HON) released its 3Q16 earnings on October 21. It provided a business update earlier in the month, but there were a few surprises in the release.

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.

In the long term, valuation multiples will depend on Boeing’s ability to ramp up production if the 787 reduces its costs and improves its margins.

On December 12, 2016, Boeing (BA) announced a stock repurchase plan worth ~$14 billion, which represents almost 15% of its outstanding shares.

After HEICO’s (HEI) fiscal 4Q15 earnings report, HEI rose by 1.8% to close at $49.61 per share on December 15, 2015.

Revenue In fiscal 2017, Boeing (BA) continues to expect revenue of $90.5 billion–$92.5 billion, which is 3.4% lower than its 2016 revenue of $94.6 billion. Of this revenue, $55.5 billion–$56.5 billion will be contributed by the Commercial Airplanes segment, $20.5 billion–$21.5 billion will be contributed by Defense, Space & Security, and $14.0 billion–$14.5 billion by […]

In this series, we’ll assess Boeing’s (BA) key indicators for 4Q16. We’ll look at analyst estimates for BA’s 4Q16 performance and assess whether the indicators justify the estimated earnings results.

As of April 13, 2018, Honeywell’s (HON) one-year forward PE (price-to-earnings) multiple was 18.3x.

United Technologies (UTX) benefitted from trends supporting aftermarket sales in the aerospace (ITA) sector.

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.

United Technologies (UTX) earlier maintained that Pratt & Whitney was scheduled to deliver 200 geared turbofan (or GTF) engines in 2016.

Troubles in the helicopter manufacturing industry are another example of how the downturn in the oil industry has had a domino effect across sectors.

The free fall in GE stock that started in 2017 continued throughout 2018.

On Monday, December 19, 2016, Boeing (BA) stock rose ~1.1% to $156.11.

Honeywell’s short interest has fallen to its lowest level in 2018, indicating the prevailing positive sentiments for the stock.

Honeywell (HON) announced its 2Q17 earnings on July 21, 2017, before the market opened. Its EPS came in at $1.80, a 5.9% rise over 2Q16.

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

Boeing expects its marquee 787 Dreamliner project to turn cash positive in 2015, which seems more likely as Boeing took in new orders early in the year.

Boeing’s Commercial Airplanes segment saw a 6% YoY (year-over-year) decline in revenue to $14.3 billion in 1Q16.

Goldman Sachs analyst Joe Ritchie maintained a “neutral” rating on General Electric. It appears that 2018 could be a transition year for General Electric.

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.

Honeywell (HON) announced that it would be providing GoDirect Flight Efficiency Software to International Airlines Group.

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.

Analysts’ views According to Reuters, of the 26 analysts tracking Boeing (BA) stock, seven (26.9%) have recommended “strong buy,” seven (26.9%) have recommended “buy,” and 12 (46.2%) have recommended “hold.” There were no “sell” or “strong sell” recommendations. Analysts’ upgrades Following Boeing’s 3Q17 earnings announcement, two analysts initiated coverage on the stock, while some raised their target prices. Jefferies […]

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.

The latest short interest data on December 29, 2017, showed that Honeywell’s’ short interest had fallen marginally since its 3Q17 earnings were announced on October 20, 2017.

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 earns maximum revenues from the F-35 II joint striker program. The program is part of its Aeronautics 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.

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

The CFNAI indicated a positive comeback after two months of poor manufacturing data, which was impacted by severe weather conditions.

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.

On Friday, Jim Cramer said Honeywell was “a very smart company” for spinning off Garrett Motion (GTX) and Resideo Technology (REZI).

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.

Bill Ackman, CEO of Pershing Square Capital Management, is well known in the hedge fund industry for his various investment strategies.

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.

Boeing (BA) is stuck in the middle of the escalating trade war between the US and China. Recently, the trade tension intensified.

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.

Bill Ackman’s Pershing Square is having a stellar year with YTD gains of 45.3%.

Boeing has encountered yet another problem. The US Department of Justice has reportedly subpoenaed the airplane maker regarding an ongoing investigation about 787 Dreamliner safety issues.

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.