merger
UNITED TECHNOLOGIES CORP. $127 (New York symbol UTX; Manufacturing & Industry Sector; Shares outstanding: 862.8 million; Market cap: $109.6 billion; Dividend yield: 2.3%; Takeover Target Rating: Low; www.utc.com) has four main divisions: Pratt & Whitney manufactures aircraft engines (29% of 2018 revenue, 14% of earnings); Carrier makes heating and air-conditioning equipment under the Carrier brand, as well as burglar alarms and fire-safety products (28%, 40%); Collins Aerospace Systems manufactures aircraft controls (24%, 25%); and Otis makes elevators and escalators (19%, 21%).
United Technologies’ overall revenue fell 3.1%, from $57.9 billion in 2014 to $56.1 billion in 2015 on the sale of its Sikorsky helicopter business to Lockheed Martin for $9 billion....
United Technologies’ overall revenue fell 3.1%, from $57.9 billion in 2014 to $56.1 billion in 2015 on the sale of its Sikorsky helicopter business to Lockheed Martin for $9 billion....
ASHLAND GLOBAL HOLDINGS INC. $73 (New York symbol ASH; Manufacturing & Industry sector; Shares outstanding: 60.5 million; Market cap: $4.4 billion; Dividend yield: 1.2%; Takeover Target Rating: Medium; www.ashland.com) makes a variety of specialty chemicals.
The company has three main businesses: Specialty Ingredients (roughly 65% of its total sales) makes coatings, adhesives and other products for the pharmaceutical, food and construction industries; Composites (25%) makes plastics and resins for the construction and industrial-products markets; and Intermediates and Solvents (10%) makes chemicals for plastics makers....
The company has three main businesses: Specialty Ingredients (roughly 65% of its total sales) makes coatings, adhesives and other products for the pharmaceutical, food and construction industries; Composites (25%) makes plastics and resins for the construction and industrial-products markets; and Intermediates and Solvents (10%) makes chemicals for plastics makers....
TENET HEALTHCARE CORP. $21 (New York symbol THC; Consumer Sector; Shares outstanding: 103.4 million; Market cap: $2.2 billion; No dividend paid; Takeover Target Rating: Highest; www.tenethealth.com) is one of the largest for-profit hospital chains in the U.S....
BROADRIDGE FINANCIAL SOLUTIONS INC. $133 (New York symbol BR; Aggressive Growth Portfolio, Finance sector; Shares outstanding: 116.4 million; Market cap: $15.5 billion; Price-to-sales ratio: 3.5; Dividend yield: 1.5%; TSINetwork Rating: Average; www.broadridge.com) has completed the acquisition of the retirement plan custody and trust assets of TD Ameritrade Trust Company, a subsidiary of TD Ameritrade Holding Corp....
UNITED TECHNOLOGIES CORP. $135 (New York symbol UTX; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 862.3 million; Market cap: $116.4 billion; Price-to-sales ratio: 1.6; Dividend yield: 2.2%; TSINetwork Rating: Above Average; www.utc.com) completed its acquisition of Rockwell Collins in November 2018, for $30.6 billion in cash and stock (including that firm’s debt)....
GANNETT CO. INC., $9.71 (New York symbol GCI; Cyclical-Growth Payer Portfolio, Consumer sector: Shares outstanding: 114.5 million; Market cap: $1.1 billion; Dividend yield: 6.6%; Dividend Sustainability Rating: Average; www.gannett.com) pays a quarterly dividend of $0.16 a share for an annual rate of $0.64; the stock yields a high 6.6%.
Gannett rose 10% on reports that it will merge with GateHouse Media, and its parent company New Media Investment Group Inc....
Gannett rose 10% on reports that it will merge with GateHouse Media, and its parent company New Media Investment Group Inc....
PFIZER INC. $43 (New York symbol PFE; Income Portfolio, Manufacturing & Industry sector; Shares outstanding: 5.9 billion; Market cap: $253.7 billion; Dividend yield: 3.3%; Dividend Sustainability Rating: Highest; www.pfizer.com) is one of the world’s leading prescription drugmakers....
Hilton Worldwide’s spinoff of two of its businesses in January 2017 let the parent focus on franchising its high-quality hotel brands and managing those operations for a fee. Income from those fees, which vary with the opening of new rooms and occupancy rates, now supplies over 90% of its earnings....