United Technologies Corp (NYSE:UTX)

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.

As a long term investor in this company, I see this company to continue to outperform their peers.

Unedited excerpt from a CAPSCall Article scheduled to run on 05-DEC-2012:

The first selection for the newly launched Inflation-Protected Income Growth Portfolio is industrial conglomerate United Technologies (NYSE: UTX). The maker of products as diverse as aircraft engines, elevators, fire suppression systems, and air conditioning makes a great foundational pick for a portfolio dedicated to the preservation of purchasing power.

1. Increase in operating income during last quarter
2. Lower P/E ratio compared to peers
3. Diversified business even in a modest economy.

Bought it in my 401k in 1983 for $4.80 ... it's been up about 10% a year since then. It has been paying a dividend since the 1930's. I have worked for UTC since 1982.

20% earnings growth expected over the next couple of years, while currently selling with a P/E of 12.

Military is cutting back, this company will sufffer

I like the idea of using less energy with the same or greater efficiency. I think this is a need and a company that can deliver that will soar.

Here's the video pitch:

http://www.fool.com/investing/general/2012/02/14/the-5-year-outlook-for-this-dow-stock-united-techn.aspx

UTX is one of a few conglomerates that has stayed true to the businesses. Carrier is HVAC, Otis moves people safely, Pratt Whitney is jet engines. All of them have a service content. All of them are global leaders. All of them have global leaders in their businesses and are managed that way. UTX never fell into the trap of putting too much into side adventures, and their management while confident and competent always has healthy paranoia.

Look for a 5 year double in the price of the stock after a probable split.

Growing dividend in a solid company

With the close of the GE and Rolls Royce R&D on the F-135 engine, UTX is sitting pretty. Government contracts are good. Military contracts are great.

Good mix of products for a strong aviation manufacturing industry. Great ROI (Goodrich purchase will drag that down a bit) and a good dividend.

Great portfolio of companies including Sikorski helicopters and Pratt and Whitney engines

Interesting mix of products

cheap as heck

oversold

UTX is essentially a company in military industry. I think the US Military complex is bound to shrink in the next 10 to 20 years. Ergo, my view as above.

UTX has a long history of dividend increases and earnings surprises to the upside. It has an incredible diversified industrial portfolio, and is currently experiencing solid organic revenue growth in all five of its segments. Stock price performance is superior to that of the S&P, not counting the 2+% dividend yield. Company has strong cash flow and free cash flow, and has a reliable and proven CEO (Louis Chenevert) and management team.