United Technologies (UTX) is a veritable “who’s who” of product names, from Otis elevators to Carrier air conditioners to Sikorsky helicopters. As a broadly diversified multinational operation, UTX is offered some safety against big hits to any one business segment.
United Technologies hasn’t been knocking revenues out of the park lately, and in 2012 UTX’s net income came in lower thanks in part to $590 million in restructuring charges, including changes to its pension plan.
However, UTX is back on track for 2013, with Q2 revenues up 16% to $16 billion, and earnings up 6% to $1.55 billion. And analysts expect much better growth down the road, with profits expected to grow roughly 14% annually for the next half-decade. That should help UTX improve significantly upon its current 54-cent quarterly payout.
Marc Bastow is an Assistant Editor at InvestorPlace.com. As of this writing, he did not hold a position in any of the aforementioned securities.
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