Topic: How To Invest

Wall Street Stock Forecaster Hotline – Friday, January 25, 2019

Article Excerpt

UNITED TECHNOLOGIES CORP., $115.81, New York symbol UTX, recently completed its acquisition of Rockwell Collins Inc. (New York symbol COL). United Technologies paid $30 billion in cash and stock for the leading maker of aircraft components such as cabin interiors, computerized flight controls and air-to-ground communications equipment. In the three months ended December 31, 2018, United Technologies’ overall sales rose 15.1%, to $18.0 billion from $15.7 billion a year earlier. That beat the consensus forecast of $16.8 billion. The purchase of Rockwell accounted for 4% of that 15.1% increase. As well, all four of the company’s divisions reported higher revenue: Pratt & Whitney jet engines (up 24.3%), aerospace products, including Rockwell (up 28.7%), Carrier heating and air-conditioning products (up 2.5%) and Otis elevators (up 1.5%). Overall earnings jumped 27.2%, to $1.6 billion from $1.3 billion. Due to more share outstanding, earnings per share rose at a slower rate of 21.9%, to $1.95 from $1.60. These figures exclude costs related to the Rockwell purchase and other…

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