Raytheon Technologies Co. (NYSE:RTX) Stock Position Decreased by Capital Investment Advisors LLC

Capital Investment Advisors LLC cut its position in shares of Raytheon Technologies Co. (NYSE:RTXGet Rating) by 1.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 107,776 shares of the company’s stock after selling 1,777 shares during the period. Capital Investment Advisors LLC’s holdings in Raytheon Technologies were worth $10,677,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of RTX. Garrett Investment Advisors LLC raised its stake in shares of Raytheon Technologies by 6.6% in the 1st quarter. Garrett Investment Advisors LLC now owns 4,714 shares of the company’s stock valued at $467,000 after acquiring an additional 290 shares in the last quarter. NN Investment Partners Holdings N.V. raised its stake in shares of Raytheon Technologies by 372.2% in the 4th quarter. NN Investment Partners Holdings N.V. now owns 305,841 shares of the company’s stock valued at $26,321,000 after acquiring an additional 241,070 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Raytheon Technologies by 26.9% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 112,464 shares of the company’s stock valued at $9,678,000 after acquiring an additional 23,852 shares in the last quarter. National Bank of Canada FI bought a new position in shares of Raytheon Technologies in the 4th quarter valued at approximately $72,853,000. Finally, Allied Investment Advisors LLC raised its stake in shares of Raytheon Technologies by 2.1% in the 4th quarter. Allied Investment Advisors LLC now owns 79,851 shares of the company’s stock valued at $6,872,000 after acquiring an additional 1,664 shares in the last quarter. 79.56% of the stock is owned by institutional investors.

Shares of RTX stock opened at $92.56 on Thursday. The stock’s fifty day simple moving average is $95.60 and its 200 day simple moving average is $94.01. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.16 and a quick ratio of 0.88. The firm has a market cap of $137.66 billion, a price-to-earnings ratio of 33.18, a P/E/G ratio of 1.85 and a beta of 1.18. Raytheon Technologies Co. has a one year low of $79.00 and a one year high of $106.02.

Raytheon Technologies (NYSE:RTXGet Rating) last announced its quarterly earnings results on Tuesday, April 26th. The company reported $1.15 EPS for the quarter, beating the consensus estimate of $1.01 by $0.14. The business had revenue of $15.72 billion for the quarter, compared to analyst estimates of $15.83 billion. Raytheon Technologies had a return on equity of 9.24% and a net margin of 6.47%. Raytheon Technologies’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.90 EPS. On average, research analysts anticipate that Raytheon Technologies Co. will post 4.77 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 8th. Investors of record on Friday, August 19th will be paid a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 2.38%. The ex-dividend date is Thursday, August 18th. Raytheon Technologies’s dividend payout ratio is 78.85%.

RTX has been the topic of a number of research analyst reports. StockNews.com raised Raytheon Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, May 18th. Barclays raised their target price on Raytheon Technologies from $100.00 to $107.00 and gave the company an “overweight” rating in a report on Thursday, March 10th. Cowen raised their target price on Raytheon Technologies from $115.00 to $120.00 in a report on Wednesday, April 27th. Royal Bank of Canada initiated coverage on Raytheon Technologies in a report on Friday, April 8th. They set an “outperform” rating and a $125.00 price objective on the stock. Finally, Morgan Stanley lifted their price objective on Raytheon Technologies from $118.00 to $124.00 and gave the stock an “overweight” rating in a report on Wednesday, March 2nd. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $111.91.

Raytheon Technologies Company Profile (Get Rating)

Raytheon Technologies Corporation, an aerospace and defense company, provides systems and services for the commercial, military, and government customers worldwide. It operates through four segments: Collins Aerospace Systems, Pratt & Whitney, Raytheon Intelligence & Space, and Raytheon Missiles & Defense.

Further Reading

Institutional Ownership by Quarter for Raytheon Technologies (NYSE:RTX)

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