D.B. Root & Company LLC boosted its holdings in Raytheon Technologies Co. (NYSE:RTX – Get Rating) by 1.5% in the 2nd quarter, Holdings Channel.com reports. The firm owned 13,427 shares of the company's stock after acquiring an additional 197 shares during the period. D.B. Root & Company LLC's holdings in Raytheon Technologies were worth $1,290,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also bought and sold shares of RTX. PFS Investments Inc. increased its holdings in Raytheon Technologies by 7.7% in the 1st quarter. PFS Investments Inc. now owns 136,922 shares of the company's stock valued at $13,565,000 after buying an additional 9,740 shares during the period. Garrett Investment Advisors LLC grew its holdings in shares of Raytheon Technologies by 6.6% during the 1st quarter. Garrett Investment Advisors LLC now owns 4,714 shares of the company's stock valued at $467,000 after purchasing an additional 290 shares during the last quarter. EP Wealth Advisors LLC bought a new stake in Raytheon Technologies during the 1st quarter worth approximately $41,011,000. GW&K Investment Management LLC bought a new stake in Raytheon Technologies during the 1st quarter worth approximately $47,000. Finally, Addison Capital Co grew its holdings in 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 acquiring an additional 1,467 shares during the last quarter. Institutional investors and hedge funds own 79.89% of the company's stock.
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Raytheon Technologies Stock Down 0.0 %
Shares of Raytheon Technologies stock traded down $0.03 during trading on Friday, reaching $82.31. 111,229 shares of the company traded hands, compared to its average volume of 5,380,465. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.10 and a quick ratio of 0.83. Raytheon Technologies Co. has a 1-year low of $79.00 and a 1-year high of $106.02. The company has a 50 day moving average price of $89.80 and a 200-day moving average price of $94.04. The firm has a market capitalization of $121.14 billion, a PE ratio of 27.54, a P/E/G ratio of 1.72 and a beta of 1.04.
Raytheon Technologies (NYSE:RTX – Get Rating) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $1.16 EPS for the quarter, beating analysts' consensus estimates of $1.12 by $0.04. The business had revenue of $16.31 billion during the quarter, compared to analyst estimates of $16.61 billion. Raytheon Technologies had a net
margin of 6.84% and a return on equity of 9.48%. Raytheon Technologies's quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.03 EPS. As a group, equities research analysts expect that Raytheon Technologies Co. will post 4.66 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of equities research analysts have weighed in on the stock. Vertical Research reduced their target price on shares of Raytheon Technologies to $120.00 and set an "outperform" rating on the stock in a report on Wednesday, July 27th. StockNews.com raised shares of Raytheon Technologies from a "hold" rating to a "buy" rating in a report on Thursday, August 4th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $114.10.
Raytheon Technologies Profile
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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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