UTX United Technologies Corporation

United Technologies Corp. (UTX) is currently at $115.90, up $4.84 or 4.36%

-- Would be highest close since Dec. 14, 2018, when it closed at $118.80

-- On pace for largest percent increase since Feb. 25, 2016, when it rose 4.76%

-- Earlier Wednesday, United Technologies reported a fourth-quarter profit of $686 million in the fourth quarter, or 83 cents a share, compared $397 million, or 50 cents a share, in the year-earlier period. The company's adjusted profit rose 22% from the year earlier to $1.95 a share, beating the $1.55 a share analysts polled by FactSet expected

-- The company announced last year it will split into three businesses, leaving United manufacturing engines and parts for the aerospace industry and the other two companies focused on elevators or building systems. For 2019, United Technologies predicts $75.5 billion to $77 billion in sales and $7.70 to $8 a share in adjusted profit

-- Currently up three of the past four days

-- Up 8.85% month-to-date; on pace for best month since Feb. 2016 when it rose 10.18%

-- Down 14.58% from 52 weeks ago (Jan. 24, 2018), when it closed at $135.68

-- Third best performer in the DJIA today

-- Sixth best performer in the S&P 500 today

-- Contributed 32.82 points to the DJIA so far today

All data as of 11:17:43 AM

Source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

January 23, 2019 11:44 ET (16:44 GMT)

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