TFG Advisers LLC boosted its position in shares of Raytheon Technologies Co. (NYSE:RTX – Get Rating) by 2.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,753 shares of the company's stock after acquiring an additional 126 shares during the period. TFG Advisers LLC's holdings in Raytheon Technologies were worth $457,000 at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in the business. PFS Investments Inc. grew its stake in Raytheon Technologies by 7.7% during the first quarter. PFS Investments Inc. now owns 136,922 shares of the company's stock worth $13,565,000 after buying an additional 9,740 shares during the last quarter. Garrett Investment Advisors LLC boosted its holdings in shares of Raytheon Technologies by 6.6% in the first quarter. Garrett Investment Advisors LLC now owns 4,714 shares of the company's stock valued at $467,000 after buying an additional 290 shares during the period. EP Wealth Advisors LLC acquired a new stake in shares of Raytheon Technologies in the 1st quarter valued at about $41,011,000. GW&K Investment Management LLC acquired a new stake in shares of Raytheon Technologies in the first quarter valued at approximately $47,000. Finally, Addison Capital Co boosted its stake in shares of Raytheon Technologies by 39.5% during the 1st quarter. Addison Capital Co now owns 5,180 shares of the company's stock worth $513,000 after buying an additional 1,467 shares during the last quarter. 79.89% of the stock is currently owned by institutional investors.
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Raytheon Technologies Stock Down 0.9 %
RTX stock opened at $82.54 on Thursday. Raytheon Technologies Co. has a 52 week low of $79.00 and a 52 week high of $106.02. The business has a 50-day simple moving average of $90.05 and a 200 day simple moving average of $94.14. The company has a quick ratio of 0.83, a current ratio of 1.10 and a debt-to-equity ratio of 0.43. The company has a market cap of $121.48 billion, a PE ratio of 27.86, a price-to-earnings-growth ratio of 1.67 and a beta of 1.04.
Raytheon Technologies (NYSE:RTX – Get Rating) last issued its earnings results on Tuesday, July 26th. The company reported $1.16 EPS for the quarter, beating the consensus estimate of $1.12 by $0.04. Raytheon Technologies had a net
margin of 6.84% and a return on equity of 9.48%. The company had revenue of $16.31 billion during the quarter, compared to analysts' expectations of $16.61 billion. During the same period in the previous year, the company earned $1.03 EPS. The business's revenue for the quarter was up 2.7% compared to the same quarter last year. Sell-side analysts anticipate that Raytheon Technologies Co. will post 4.66 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on RTX. Vertical Research dropped their price objective on Raytheon Technologies to $120.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 27th. StockNews.com upgraded Raytheon Technologies from a "hold" rating to a "buy" rating in a report on Thursday, August 4th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $114.10.
About Raytheon Technologies
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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.
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