Capital Advisors Ltd. LLC Has $115,000 Holdings in Raytheon Technologies Co. (NYSE:RTX)

Capital Advisors Ltd. LLC cut its holdings in Raytheon Technologies Co. (NYSE:RTXGet Rating) by 38.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,158 shares of the company’s stock after selling 727 shares during the quarter. Capital Advisors Ltd. LLC’s holdings in Raytheon Technologies were worth $115,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Shore Point Advisors LLC acquired a new position in shares of Raytheon Technologies during the fourth quarter worth approximately $25,000. Stuart Chaussee & Associates Inc. raised its position in shares of Raytheon Technologies by 135.5% during the first quarter. Stuart Chaussee & Associates Inc. now owns 259 shares of the company’s stock worth $26,000 after purchasing an additional 149 shares during the period. Nauset Wealth Management. LLC acquired a new position in shares of Raytheon Technologies during the first quarter worth approximately $30,000. Arcadia Investment Management Corp MI acquired a new position in shares of Raytheon Technologies during the fourth quarter worth approximately $37,000. Finally, Steward Financial Group LLC raised its position in shares of Raytheon Technologies by 760.4% during the first quarter. Steward Financial Group LLC now owns 413 shares of the company’s stock worth $40,000 after purchasing an additional 365 shares during the period. 79.56% of the stock is owned by institutional investors and hedge funds.

Raytheon Technologies Stock Up 0.3 %

Shares of NYSE:RTX opened at $93.03 on Friday. The company has a market capitalization of $137.36 billion, a PE ratio of 31.11, a price-to-earnings-growth ratio of 1.90 and a beta of 1.04. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.10 and a quick ratio of 0.83. The business has a fifty day moving average price of $93.78 and a two-hundred day moving average price of $95.50. Raytheon Technologies Co. has a 1 year low of $79.00 and a 1 year high of $106.02.

Raytheon Technologies (NYSE:RTXGet Rating) last announced its quarterly earnings data on Tuesday, July 26th. The company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.04. The firm had revenue of $16.31 billion during the quarter, compared to the consensus estimate of $16.61 billion. Raytheon Technologies had a return on equity of 9.48% and a net margin of 6.84%. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.03 EPS. Analysts forecast that Raytheon Technologies Co. will post 4.68 earnings per share for the current year.

Raytheon Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 8th. Stockholders of record on Friday, August 19th will be paid a dividend of $0.55 per share. The ex-dividend date is Thursday, August 18th. This represents a $2.20 annualized dividend and a dividend yield of 2.36%. Raytheon Technologies’s payout ratio is 73.58%.

Wall Street Analyst Weigh In

RTX has been the topic of a number of research reports. Vertical Research lowered their target price on Raytheon Technologies to $120.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 27th. Argus increased their price target on Raytheon Technologies from $100.00 to $112.00 in a research report on Wednesday, April 27th. Cowen increased their price target on Raytheon Technologies from $115.00 to $120.00 in a research report on Wednesday, April 27th. StockNews.com raised Raytheon Technologies from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, Cowen increased their price target on Raytheon Technologies from $115.00 to $120.00 in a research report on Wednesday, April 27th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $114.10.

Raytheon Technologies Company 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.

See Also

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

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