Stock to Sell #6 – United Technologies Corp. (UTX)
United Technologies Corp. (NYSE:UTX) is a major aerospace/industrial conglomerate that includes Pratt & Whitney jet engines, Sikorsky helicopters, Otis elevators and Carrier air conditioners. Earnings for 2012 are estimated at $5.43, down from $5.49 in 2011.
Business may be improving, but it has yet to hit UTX’s bottom line, and risk of failure due to slow growth in Europe and China is high.
Insiders have been sellers in the past three- and 12-month periods. Sell UTX at the market since it is unlikely that the stock will achieve significant gains within the next 12 months.