Raytheon Technologies Co. (NYSE:RTX) Shares Purchased by Allworth Financial LP

Allworth Financial LP boosted its position in Raytheon Technologies Co. (NYSE:RTXGet Rating) by 17.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 24,218 shares of the company’s stock after purchasing an additional 3,593 shares during the quarter. Allworth Financial LP’s holdings in Raytheon Technologies were worth $2,328,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RTX. PFS Investments Inc. raised its position in shares of Raytheon Technologies by 7.7% in the first 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 last quarter. Garrett Investment Advisors LLC raised its holdings in 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 during the last quarter. EP Wealth Advisors LLC acquired a new stake in Raytheon Technologies in the 1st quarter valued at about $41,011,000. GW&K Investment Management LLC acquired a new position in shares of Raytheon Technologies during the 1st quarter worth approximately $47,000. Finally, Addison Capital Co boosted its holdings 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 purchasing an additional 1,467 shares during the last quarter. Hedge funds and other institutional investors own 79.89% of the company’s stock.

Raytheon Technologies Stock Performance

NYSE RTX opened at $83.45 on Friday. The stock has a market cap of $123.21 billion, a PE ratio of 27.91, a P/E/G ratio of 1.72 and a beta of 1.04. Raytheon Technologies Co. has a twelve month low of $79.00 and a twelve month high of $106.02. The stock has a fifty day simple moving average of $90.89 and a 200-day simple moving average of $94.56. The company has a current ratio of 1.10, a quick ratio of 0.83 and a debt-to-equity ratio of 0.43.

Raytheon Technologies (NYSE:RTXGet Rating) last released its quarterly earnings results 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 business had revenue of $16.31 billion for the quarter, compared to the consensus estimate of $16.61 billion. Raytheon Technologies had a net margin of 6.84% and a return on equity of 9.48%. The business’s revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.03 EPS. Equities analysts anticipate that Raytheon Technologies Co. will post 4.71 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently commented on RTX. Vertical Research reduced their price objective on Raytheon Technologies to $120.00 and set an “outperform” rating on the stock in a research report 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 analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Raytheon Technologies presently 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.

See Also

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

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