Gaining From China’s Building Boom

Article Excerpt

UNITED TECHNOLOGIES CORP. $80 (New York symbol UTX; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 991.8 million; Market cap: $79.3 billion; WSSF Rating: Above average) is a leading maker of commercial heating, ventilation and air conditioning equipment, as well as elevator systems. Demand in China for Otis elevators and Chubb building security services is growing strongly. China is also one of the world’s largest markets for heating and air conditioning equipment. Recent investments in China by United Technologies’ Carrier division should help it capture more of this expanding market. United Technologies predicts it will earn between $4.15 a share to $4.25 a share in 2007; the stock trades at 19.0 times the midpoint of that range. United Technologies is a buy. buy…