You’re looking for united technologies corporation stock, but there’s a problem. If you pull up your E*TRADE or Robinhood app and type in "UTX," you’re going to get a whole lot of nothing. Maybe a "no results found" or a chart that ends abruptly in the spring of 2020.
Honestly, it's kinda confusing if you haven't been obsessively following industrial M&A news. United Technologies—the massive conglomerate that owned everything from jet engines to escalators—doesn't exist anymore. It didn't go bankrupt. It didn't just vanish into thin air. It underwent one of the most complex, three-way breakups and "mergers of equals" in modern Wall Street history.
Basically, the company you're looking for turned into three different public companies.
The Day United Technologies Corporation Stock Disappeared
On April 3, 2020, the ticker UTX was officially retired. This wasn't some minor rebranding. It was the culmination of a massive plan orchestrated by Greg Hayes, the then-CEO who decided that the era of the "everything conglomerate" was over.
You’ve probably heard of Pratt & Whitney or Collins Aerospace. Those were the "crown jewels" of the old United Technologies. But back then, they were also tethered to Otis Worldwide (elevators) and Carrier Global (air conditioners). Investors hated the "conglomerate discount." They felt like they couldn't value the aerospace side because it was dragged down by the cyclical nature of building construction.
So, they split.
If you held 100 shares of united technologies corporation stock on that Friday in April, your portfolio suddenly looked very different on Monday. You didn't just have one stock; you had three. You got shares of Carrier (CARR), shares of Otis (OTIS), and the "remaining" company merged with the Raytheon Company to form what we now know as RTX Corporation.
What Really Happened With the Merger?
The merger with Raytheon was a bit of a shocker. It basically created a defense and aerospace behemoth. The new entity, Raytheon Technologies, started trading under the ticker RTX.
It’s important to realize that the "new" stock is vastly different from the old UTX. Old UTX was about 50% commercial industrial (elevators/AC) and 50% aerospace. The current RTX is almost 100% focused on things that fly or things that shoot down things that fly.
- Pratt & Whitney: Still building engines for the F-35 and commercial jets.
- Collins Aerospace: Making everything from cockpit displays to aircraft seats.
- Raytheon: The "legacy" Raytheon side, focused on missiles, radar, and defense tech.
In 2023, the company officially shortened its name to just RTX Corporation. It’s sleeker, sure, but for old-school investors, it took some getting used to. They even moved their headquarters from Waltham, Massachusetts, to Arlington, Virginia, to be closer to the Pentagon. That tells you everything you need to know about the company's current priorities.
The "Hidden" Success of the Spinoffs
Most people focus on the big defense merger, but the real money for some was in the spinoffs. When united technologies corporation stock split, Carrier and Otis were set free.
Carrier (CARR) launched right at the start of the pandemic. Bad timing? Actually, it was great. People were stuck at home, obsessed with air quality and HVAC upgrades. The stock took off like a rocket. Otis (OTIS) did exactly what you'd expect an elevator company to do: it provided steady, boring, beautiful dividends.
If you’re hunting for the "soul" of the old UTC, you won't find it in one place. It’s fragmented. You have to decide if you want the high-growth, high-risk defense world of RTX or the steady industrial reliability of Otis and Carrier.
Is RTX Still a Good Play in 2026?
We’re sitting here in early 2026, and the landscape for the successor to united technologies corporation stock is... complicated.
RTX has dealt with some major headaches. You might remember the massive recall involving "powder metal" issues in the Pratt & Whitney Geared Turbofan (GTF) engines. It was a mess. They had to pull hundreds of engines off planes for inspections, which cost billions.
But here’s the thing: the defense backlog is insane. With global tensions where they are, the demand for Patriot missile systems and Tomahawks isn't exactly slowing down. Analysts like those at Morgan Stanley and Goldman Sachs have been back and forth on the stock, but the consensus usually lands on "Moderate Buy" because of that massive $150 billion+ backlog.
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Valuation and Dividends
Let's talk numbers. RTX currently trades at a P/E ratio that often hovers around 30-40, depending on the quarter's earnings. That’s not cheap. Compare that to the old united technologies corporation stock, which often traded at a much lower multiple because the elevator business capped the upside.
- Dividend Yield: Usually stays around 1.5% to 2%.
- Market Cap: Roughly $250 billion.
- Beta: Around 0.44, meaning it’s way less volatile than the broader market.
If you’re a dividend seeker, you might actually prefer Otis. They’ve been raising their payout consistently. RTX is more of a "total return" play where you're betting on the future of hypersonic missiles and next-gen commercial travel.
How to Handle Your Old UTC Shares
If you’re one of those people who found an old paper stock certificate for united technologies corporation stock in a relative's attic—don't throw it away.
It’s still worth money. A lot of money, probably.
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Because of the splits and the merger, that one certificate actually represents ownership in four different companies now: RTX, Carrier, Otis, and possibly even Howmet Aerospace or Arconic if the certificate is old enough (UTC bought Rockwell Collins, which had its own complex history).
You’ll need to contact a transfer agent—usually Computershare for these guys—to figure out the "cost basis." This is the tax-man's way of asking what the stock was worth when you got it so they can tax you on the gain. It is a nightmare to calculate manually. Seriously. Get a pro to help you or use a specialized software tool to trace the corporate actions from 2020.
Actionable Next Steps
Since you can't buy united technologies corporation stock anymore, you have to choose your path.
- Check your brokerage history: If you owned UTX before April 2020, verify that you received the correct number of CARR and OTIS shares. You should have received 1 share of Carrier and 0.5 shares of Otis for every 1 share of UTC you owned.
- Evaluate your "Moat" preference: If you want a company with an unbreakable competitive advantage, look at RTX. The barriers to entry for building fighter jet engines are basically impossible for anyone else to cross.
- Assess the Dividends: If you miss the old UTC's diversified stability, look at Otis (OTIS). They control a massive portion of the world's elevator maintenance contracts, which is basically "rent" they collect every month.
- Watch the GTF Engine Fix: For those eyeing RTX, keep a close eye on their quarterly "free cash flow" numbers. If the cost of fixing those Pratt & Whitney engines keeps climbing, the stock will stay sideways. If they've moved past it, there's a lot of room to run.
The old United Technologies was a titan of the 20th century. The new version is a high-tech defense specialist. It's a different beast, but for the right investor, the "new" version might actually be a better deal than the old one ever was.