Dividend Daily RSS Feed RSS
Dividend Stocks

The Dividend Daily

Dividend stocks - News, notes, updates, and analysis, delivered fresh daily

United Technologies to Buy GE’s Security Division for $1.82 Billion (UTX, GE)

By Dividend.com Staff
November 12th, 2009

united-technologies-to-buy-ges-security-division-for-1-82-billion-utx-ge

Building systems and aerospace products maker United Technologies Corporation (UTX) said Thurday that it is buying General Electric’s (GE) security division for $1.82 billion.

GE Security, which makes products such as security cameras and systems, employs about 4,700 people in 26 countries. The division is a part of GE Technology Infrastructure.

United Technologies said the deal will begin adding to its earnings in 2011, with the impact of the acquisition being neutral in 2010.

The Bottom Line
The company has a 2.30% dividend yield, based on last night’s closing stock price of $66.97. The stock has technical support in the $60 price area. If the shares can continue the recent momentum, we see overhead resistance around the $67-$70 price levels. We would remain on the sidelines for now.

United Technologies Corporation (UTX) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. General Electric (GE) is a “recommended” dividend stock, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

Comments on this Article COMMENTS ON THIS ARTICLE

One Response to “United Technologies to Buy GE’s Security Division for $1.82 Billion (UTX, GE)”

  1. Winning Streak Disappears on Wall Street – November 12, 2009 « InvestorGuide Says:
    November 13th, 2009 at 3:21 pm

    [...] Technologies Corp. (UTX) agreed to acquire General Electric Co.’s (GE) electronic security systems and fire safety operations for $1.82 [...]

Leave a Reply

Your Comments:

Please type the Security Words below:

About This Article ABOUT THIS ARTICLE

You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Disclaimer: Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. The author is not registered as an investment adviser. The author may or may not hold positions in the securities mentioned in this article or video. The author relies upon the "publisher's exclusion" from the definition of "investment adviser" as provided under Section 202(a)(11) of the Investment Advisers Act of 1940 and corresponding state securities laws.