Vaughan David Investments LLC IL Buys 1,419 Shares of Raytheon Technologies Co. (NYSE:RTX)

Vaughan David Investments LLC IL raised its stake in shares of Raytheon Technologies Co. (NYSE:RTXGet Rating) by 25.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,097 shares of the company’s stock after acquiring an additional 1,419 shares during the period. Vaughan David Investments LLC IL’s holdings in Raytheon Technologies were worth $611,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Shore Point Advisors LLC bought a new stake in shares of Raytheon Technologies during the 4th quarter worth $25,000. Fortis Advisors LLC bought a new stake in shares of Raytheon Technologies during the 3rd quarter worth $32,000. Arcadia Investment Management Corp MI bought a new stake in shares of Raytheon Technologies during the 4th quarter worth $37,000. Bellwether Advisors LLC raised its stake in shares of Raytheon Technologies by 72.0% during the 3rd quarter. Bellwether Advisors LLC now owns 466 shares of the company’s stock worth $40,000 after purchasing an additional 195 shares during the period. Finally, Bell Investment Advisors Inc bought a new stake in shares of Raytheon Technologies during the 3rd quarter worth $43,000. Institutional investors and hedge funds own 79.56% of the company’s stock.

RTX stock traded up $0.44 during mid-day trading on Friday, reaching $91.92. 5,464,951 shares of the company traded hands, compared to its average volume of 5,499,743. 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 company has a market capitalization of $136.70 billion, a P/E ratio of 32.95, a P/E/G ratio of 1.82 and a beta of 1.19. Raytheon Technologies Co. has a 52-week low of $79.00 and a 52-week high of $106.02. The company has a fifty day moving average price of $98.79 and a 200-day moving average price of $92.68.

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

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 16th. Stockholders of record on Friday, May 20th will be given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date of this dividend is Thursday, May 19th. This is an increase from Raytheon Technologies’s previous quarterly dividend of $0.51. Raytheon Technologies’s dividend payout ratio (DPR) is 73.12%.

In related news, insider Wesley D. Kremer sold 15,083 shares of the business’s stock in a transaction that occurred on Thursday, February 17th. The stock was sold at an average price of $93.92, for a total value of $1,416,595.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Michael R. Dumais sold 7,443 shares of the business’s stock in a transaction that occurred on Monday, February 28th. The stock was sold at an average price of $101.45, for a total value of $755,092.35. The disclosure for this sale can be found here. In the last quarter, insiders have sold 34,749 shares of company stock valued at $3,344,416. Corporate insiders own 0.11% of the company’s stock.

RTX has been the topic of a number of recent analyst reports. Cowen lifted their target price on Raytheon Technologies from $115.00 to $120.00 in a research note on Wednesday, April 27th. StockNews.com lowered Raytheon Technologies from a “buy” rating to a “hold” rating in a report on Tuesday. Robert W. Baird lifted their price objective on Raytheon Technologies from $100.00 to $106.00 in a report on Wednesday, January 26th. Wells Fargo & Company decreased their price objective on Raytheon Technologies from $97.00 to $96.00 and set an “equal weight” rating for the company in a report on Wednesday, January 26th. Finally, Royal Bank of Canada started coverage on Raytheon Technologies in a report on Friday, April 8th. They issued an “outperform” rating and a $125.00 price objective for the company. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $110.08.

Raytheon Technologies 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.

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

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