Published April 28, 2019 Markets Motley Fool Facebook Twitter Comments Print The case for buying stock in United Technologies (NYSE: UTX) has long been built on the idea that the value of the sum of its parts is greater than what they trade on as part of an industrial conglomerate. It’s a fashionable idea, and one that encouraged management to split the company into three separate parts. But the separate businesses still need to perform well in the run-up to the spin-offs, so let’s take a look at current progress before judging whether the stock is a good value or not. Aerospace still soaring Continue Reading Below It’s no secret that the company’s aerospace operations (Pratt & Whitney and Collins Aerospace) are performing well. Honeywell International’s (NYSE: HON) aerospace segment grew organic revenue 10% in its first quarter, with commercial original equipment manufacturer (OEM) organic revenue up 10% and commercial aftermarket up 8%, and United Technologies more than matched its peer’s performance. Collins Aerospace grew commercial OEM and aftermarket sales at double-digits in the quarter, a strong performance that caused management to raise overall full-year EPS guidance to a range of $7.80-$8.00, compared to a previous range of $7.70-$8.00. If… Read full this story
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