united technologies
New York symbol UTX, has five main businesses: Carrier makes heating and air conditioning equipment; Otis makes and services elevators; Pratt & Whitney makes aircraft engines; Flight Systems makes helicopters and aircraft controls; and UTC Fire & Security provides security and fire protection services.
On April 3, 2020, Raytheon Technologies Corp. (New York symbol RTX), formerly United Technologies (old symbol UTX), spun off its Otis (elevators) and Carrier (heating and air conditioning equipment) businesses. For each UTX share they held, investors received 0.5 of a share in Otis and 1 share in Carrier.
This situation is a good example of how spinoffs can unlock hidden value and fuel your returns: so far, Carrier has shot up 271% while Otis has gained a stellar 89%.
Even after those big jumps, we feel both stocks have plenty of gains ahead....
This situation is a good example of how spinoffs can unlock hidden value and fuel your returns: so far, Carrier has shot up 271% while Otis has gained a stellar 89%.
Even after those big jumps, we feel both stocks have plenty of gains ahead....
INTRODUCTION: EXERCISE CAUTION WITH IPOS
There have been a lot of high-profile initial public offerings, or IPOs, over the last couple of years. Prominent names include Airbnb, DoorDash, Snowflake, Lightspeed POS and Zoom Video, as well as Uber and Lyft....
RAYTHEON TECHNOLOGIES CORP. $87 is a buy. The company (New York symbol RTX; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 1.5 billion; Market cap: $130.5 billion; Price-to-sales ratio: 2.2; Dividend yield: 2.3%; TSINetwork Rating: Above Average; www.rtx.com) took its current form on April 3, 2020, with the merger of United Technologies Corp....
INTEL CORP. $56 remains a buy. The computer chip maker (Nasdaq symbol INTC; Conservative-Growth Dividend Payer Portfolio, Manufacturing & Industry sector; Shares outstanding: 4.0 billion; Market cap: $224.0 billion; Dividend yield: 2.5%; Dividend Sustainability Rating: Above Average; www.intel.com) last raised your quarterly dividend by 5.3% with the March 2021 payment....
RAYTHEON TECHNOLOGIES CORP. $87 is a buy. The company (New York symbol RTX; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 1.5 billion; Market cap: $130.5 billion; Price-to-sales ratio: 2.2; Dividend yield: 2.3%; TSINetwork Rating: Above Average; www.rtx.com) took its current form on April 3, 2020, with the merger of United Technologies Corp....
On April 3, 2020, Raytheon Technologies (see box), formerly United Technologies (old symbol UTX), spun off its Otis and Carrier (heating and air conditioning equipment) businesses as separate firms. For each UTX share they held, investors received 0.5 of a share in Otis and 1 share in Carrier.
So far, Carrier has shot up 217% while Otis is up a stellar 79%....
So far, Carrier has shot up 217% while Otis is up a stellar 79%....
United Technologies (now Raytheon Technologies following its merger with Raytheon Co.) was our top Conservative pick for 2020. We liked that the merger, along with the spinoffs of Otis and Carrier, created a pure-play aerospace leader. Those moves also cut the old company’s exposure to commercial airline customers, many of which have reduced their spending on new equipment due to COVID-19’s spread.
Uncertainty over the pandemic has delayed some of the benefits of the transformation....
Uncertainty over the pandemic has delayed some of the benefits of the transformation....
RAYTHEON TECHNOLOGIES CORP. $78 is a buy. The company (New York symbol RTX; Conservative-Growth Payer Portfolio; Manufacturing & Industry sector; Shares outstanding: 1.5 billion; Market cap: $117.0 billion; Dividend yield: 2.4%; Dividend Sustainability Rating: Above Average; www.rtx.com) took its current form on April 3, 2020, with the merger of United Technologies Corp....
These two stocks are up sharply in the past year, thanks largely to the completion (or announcement) of spinoffs. However, we feel Raytheon is in a stronger position to keep rising as the economy recovers from the pandemic.
RAYTHEON TECHNOLOGIES CORP....
CANON INC. ADRs $20 (www.canon.com) is a hold. The company’s sales in the third quarter of 2020 fell 11.1%, to $7.16 billion from $8.05 billion a year earlier. That’s mainly because the shutdown of offices due to COVID-19 hurt demand for its printers, copiers and other office equipment....