UNITED TECHNOLOGIES CORP. $83 - New York symbol UTX

UNITED TECHNOLOGIES CORP. $83 (New York symbol UTX; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 916.5 million; Market cap: $76.1 billion; Price-to-sales ratio: 1.3; Dividend yield: 2.6%; TSINetwork Rating: Above Average; www.utc.com) recently purchased Goodrich Corp., a North Carolina-based company that makes aircraft parts, including landing gear, wheels and brakes. United Technologies paid $18.4 billion, including $1.9 billion of assumed debt.

To win regulatory approval, United Technologies agreed to sell some of its smaller businesses. For example, it recently sold three subsidiaries in its aerospace division for a total of $3.5 billion.

United Technologies now expects overall revenue of between $64 billion and $65 billion in 2013, up 10% to 12% from $58 billion in 2012. Goodrich will supply about half of this growth. The rest will come from improving sales at its other businesses, including Pratt & Whitney jet engines and Otis elevators.

Excluding costs to integrate Goodrich, United Technologies should earn $6.00 a share in 2013, up 12.8% from the $5.32 it likely earned in 2012. The stock trades at 13.8 times the 2013 forecast. The $2.14 dividend yields 2.6%.

United Technologies is a buy.

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