United Technologies Corporation (UTX) and Raytheon Company (RTN) have recently announced a proposed merger of equals. Regulatory approvals are still required but because the companies are complementary in nature with less than 1% overlap in sales, management is optimistic the transaction can close in the first half of 2020. Summary United Technologies Corporation and Raytheon [...]
Summary UTX released Q4 and FY2018 results on January 23 which exceeded analyst expectations thus resulting in a bump in UTX’s share price. While the total estimated cost of the Otis and Carrier spin-offs is significant, the long-term benefits should outweigh these one-time expenses. The Rockwell Automation acquisition closed November 2018. Integration is proceeding as [...]
United Technologies (UTX) released its Q3 2018 results on October 23rd and provided an upward revision to its adjusted EPS for the full year. Approvals from the EU Commission and from the U.S. Department of Justice re: Rockwell Collins acquisition have been received and feedback from China is anticipated within 2 - 6 weeks. UTX's [...]
Summary UTX released Q3 results on October 23 and provided an upward revision to its adjusted EPS for FY2018. The Rockwell Collins acquisition has received approval from the EU Commission and from the U.S. Department of Justice. The deal is currently under review in China and the acquisition is expected to close in 2 - [...]
Summary Rockwell Collins recently approved its $30B takeover by United Technologies. The transaction is expected to close later in 2018. The acquisition is a shrewd move although United Technologies appears to be paying slightly more than full price. The recently introduced US tax changes will enable United Technologies to repatriate funds held overseas which will [...]
Summary This United Technologies stock analysis is based on its Q4 and FY2016 results reported January 25, 2017. 2016 GAAP EPS of $6.13, up 35% vs. FY2015 and adjusted EPS of $6.61, up 5% vs. FY2015. Adjusted EPS of $6.30 - $6.60 projected for FY 2017. Treasury Stock has increased roughly $12B from FYE 2014-FYE [...]
