NS Partners Ltd increased its position in Raytheon Company (NYSE:RTN) by 0.1% during the first quarter, Holdings Channel reports. The institutional investor owned 33,814 shares of the aerospace company’s stock after buying an additional 42 shares during the period. NS Partners Ltd’s holdings in Raytheon were worth $5,157,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Fulton Bank N.A. raised its position in Raytheon by 27.6% in the first quarter. Fulton Bank N.A. now owns 1,926 shares of the aerospace company’s stock worth $294,000 after buying an additional 417 shares in the last quarter. Quadrant Capital Group LLC raised its position in Raytheon by 1.0% in the first quarter. Quadrant Capital Group LLC now owns 5,100 shares of the aerospace company’s stock worth $771,000 after buying an additional 48 shares in the last quarter. Newman Dignan & Sheerar Inc. raised its position in Raytheon by 6.8% in the first quarter. Newman Dignan & Sheerar Inc. now owns 2,751 shares of the aerospace company’s stock worth $420,000 after buying an additional 175 shares in the last quarter. National Pension Service raised its position in Raytheon by 1.8% in the first quarter. National Pension Service now owns 221,825 shares of the aerospace company’s stock worth $33,975,000 after buying an additional 3,900 shares in the last quarter. Finally, Carroll Financial Associates Inc. raised its position in Raytheon by 58.4% in the first quarter. Carroll Financial Associates Inc. now owns 2,428 shares of the aerospace company’s stock worth $370,000 after buying an additional 895 shares in the last quarter. 74.98% of the stock is currently owned by institutional investors.

Shares of Raytheon Company (NYSE:RTN) traded up 0.35% during midday trading on Thursday, reaching $179.92. The company’s stock had a trading volume of 868,823 shares. Raytheon Company has a 12-month low of $132.89 and a 12-month high of $181.05. The company has a market capitalization of $52.22 billion, a P/E ratio of 24.85 and a beta of 0.59. The company’s 50-day moving average price is $167.67 and its 200 day moving average price is $158.13.

Raytheon (NYSE:RTN) last posted its quarterly earnings data on Thursday, July 27th. The aerospace company reported $1.89 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.74 by $0.15. Raytheon had a return on equity of 20.74% and a net margin of 8.68%. The company had revenue of $6.28 billion during the quarter, compared to analyst estimates of $6.24 billion. During the same quarter last year, the company earned $2.38 EPS. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, equities research analysts forecast that Raytheon Company will post $7.59 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 3rd. Investors of record on Wednesday, July 5th were given a dividend of $0.7975 per share. This represents a $3.19 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date of this dividend was Friday, June 30th. Raytheon’s dividend payout ratio (DPR) is presently 43.94%.

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A number of equities analysts recently commented on RTN shares. Stifel Nicolaus lifted their price objective on Raytheon from $160.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, April 28th. Deutsche Bank AG lifted their price objective on Raytheon from $156.00 to $160.00 and gave the stock a “hold” rating in a research note on Friday, April 28th. Zacks Investment Research raised Raytheon from a “hold” rating to a “buy” rating and set a $175.00 price objective on the stock in a research note on Monday, May 1st. Vetr lowered Raytheon from a “buy” rating to a “hold” rating and set a $166.27 price objective on the stock. in a research note on Tuesday, May 9th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $172.00 price objective on shares of Raytheon in a research note on Tuesday, May 23rd. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $180.12.

In related news, VP Taylor W. Lawrence sold 2,756 shares of the firm’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $162.04, for a total transaction of $446,582.24. Following the completion of the transaction, the vice president now owns 53,285 shares of the company’s stock, valued at approximately $8,634,301.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Wesley D. Kremer sold 1,010 shares of the firm’s stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of $163.10, for a total value of $164,731.00. Following the transaction, the vice president now directly owns 23,136 shares of the company’s stock, valued at approximately $3,773,481.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 15,911 shares of company stock valued at $2,580,752. 0.19% of the stock is owned by corporate insiders.

Raytheon Company Profile

Raytheon Company is a technology company, which specializes in defense and other government markets. The Company develops integrated products, services and solutions in various markets, including sensing; effects; command, control, communications, computers, cyber and intelligence; mission support, and cybersecurity.

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Institutional Ownership by Quarter for Raytheon (NYSE:RTN)

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