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United Technologies owns Carrier heating and air conditioning, Otis elevators, Pratt & Whitney aircraft engines, Sikorsky helicopters, and more.
I just purchased this fine stock for my Roth IRA. A great core holding in a profitable, well-run enterprise. A decent dividend yield with an outstanding history of over 40 years of paying and increasing dividends. Unlike fellow industrial conglomerate General Electric, not only did UTX not slash its dividend during the 2008 financial crisis, it in increased its dividend payout by a whopping 20 percent. An outstanding company. Also, UTX is the owner of Pratt & Whitney Aircraft Engines that is truly a legend in the aviation industry. I could go on about UTX's numbers but that would be somewhat pointless. Not a growth stock but a stable and consistent performer with a solid dividend history.
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