UTC Climate, Controls & Security, a unit of United Technologies Corporation (UTX - Free Report) , recently made two new product launches at the 2018 Consumer Electronics Show at Las Vegas in order to vie for a greater pie in the market and boost its revenues.
Carrier Corporation, the world’s leading heating, air-conditioning and refrigeration systems provider, has unveiled a new residential climate control system. Carrier, which has created a name in developing sustainable, energy efficient products, has now introduced a residential air conditioner with 42 SEER rating — making it the most efficient air conditioner available in North America.
Named the Carrier 9,000 BTUh single zone ductless system, the product offers users with optimum home comfort at high efficiency. It is Wi-Fi enabled, allowing it to be connected to iOS or Android devices. It comes with a highly-specialized humidity control feature and an infrared sensor which will detect human presence in a room, leading to energy-efficient cooling. The product also boasts a 100% heating capacity for colder temperatures of up to -5 degrees Fahrenheit.
Interlogix, the provider of security products for residential and commercial spaces globally, has upgraded its award-winning home security system, UltraSync SmartHome by adding new features. Equipped with Amazon's Alexa-enabled Echo digital assistant, users can use voice control on multiple home appliances such as lights, thermostats and other Z-Wave-enabled appliances. Furthermore, UltraSync second-generation cameras with high-definition resolution have been added to provide live video and easy video recording facilities powered by onboard memory cards. An UltraSync doorbell camera with built-in speaker and microphone will be added soon, enabling users to hear and speak with visitors at the door, no matter where they are.
United Technologies, the parent company, is renowned for providing such high-end technology products and services worldwide. With the help of the company’s strong free cash flow generation and disciplined capital deployment strategy, management has extensively invested in product innovations, acquisitions and business development in order to strengthen its market presence and boost revenues. Coupled with stronger organic sales growth expectations, the company has also raised its guidance for 2017.
Shares of United Technologies have outperformed the industry in the last three months with an average return of 13.7% against a decline of 0.9% for the latter.
United Technologies currently has a Zacks Rank #3 (Hold). Better-ranked stocks in the industry include Raven Industries, Inc. (RAVN - Free Report) , Bunzl PLC (BZLFY - Free Report) and Leucadia National Corporation (LUK - Free Report) each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Raven has an expected long-term earnings growth rate of 10%. It has exceeded estimates thrice in the trailing four quarters with an average beat of 25.8%.
Bunzl PLC has an expected long-term earnings growth rate of 3.2%.
Leucadia National has an expected long-term earnings growth rate of 18%. It has exceeded estimates thrice in the trailing four quarters with an average beat of 21.2%.
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