spin off
UNITED TECHNOLOGIES CORP., $140, is our #1 Conservative buy for 2019. This leading maker of aircraft engines and controls, heating equipment, and elevators (New York symbol UTX; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 862.8 million; Market cap: $120.8 billion; Price-to-sales ratio: 1.6; Dividend yield: 2.1%; TSINetwork Rating: Above Average; www.utc.com) recently agreed to merge with Raytheon Co....
Blue chip stocks are big, well-established, dividend-paying corporations with strong business prospects.
Arconic has handed investors a 48% gain since the November 1, 2016, spin-off of its bulk aluminum business (Alcoa Corp). At the time, each investor was gifted with one Alcoa share for every three Arconic shares they owned.
While Alcoa is down 32% since the split, both firms continue to cut costs and focus on their growth....
After several years of expanding by acquisition, food maker Post Holdings is going on a diet and stripping down to its core business. As a result, it will spin off its health food unit. That should help the company capitalize on growing consumer interest in healthy eating....
BLOOMIN’ BRANDS INC., $18, is worth holding given the possibility of a lucrative takeover bid. The company (Nasdaq symbol BLMN; Consumer Sector; Shares outstanding: 91.3 million; Market cap: $1.6 billion; Dividend yield 2.2%; Takeover Target Rating: Highest; www.bloominbrands.com) owns and franchises more than 1,450 restaurants in 48 states and 19 countries....
This oil industry giant—with refineries, pipelines and gas stations—must soon decide if it will spin off key assets to unlock value for its investors. But even if it decides against a split, Marathon’s earnings are set to keep rising on the strength of its cost-cutting plan....
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UNITED TECHNOLOGIES CORP. $137 (New York symbol UTX; Conservative-Growth Payer Portfolio; Manufacturing & Industry sector; Shares outstanding: 862.8 million; Market cap: $118.2 billion; Dividend yield: 2.1%; Dividend Sustainability Rating: Above Average; www.utc.com) is leading maker of jet engines (Pratt & Whitney), aircraft controls (Collins Aerospace Systems), heating and air-conditioning equipment (Carrier), and elevators (Otis).
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 for $9 billion....
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 for $9 billion....
SONY CORP. ADRs $59 (New York symbol SNE; Manufacturing & Industry sector; ADRs outstanding: 1.3 billion; Market cap: $76.7 billion; Dividend yield: 0.5%; Takeover Target Rating: Lowest; www.sony.net) has rejected demands from activist investor Daniel Loeb, who owns roughly 2% of the company’s shares through his Third Point hedge fund, to spin off its image sensor division....