Rockbridge Investment Management LCC Buys Shares of 1,425 Raytheon Technologies Corp (NYSE:RTX)
Rockbridge Investment Management LCC purchased a new position in Raytheon Technologies Corp (NYSE:RTX) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,425 shares of the company’s stock, valued at approximately $88,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Kessler Investment Group LLC purchased a new position in Raytheon Technologies in the second quarter worth $26,000. Financial Management Professionals Inc. acquired a new stake in shares of Raytheon Technologies in the 2nd quarter worth $27,000. Harvest Group Wealth Management LLC grew its stake in Raytheon Technologies by 77.6% during the 2nd quarter. Harvest Group Wealth Management LLC now owns 460 shares of the company’s stock worth $28,000 after buying an additional 201 shares during the last quarter. Edmond DE Rothschild Holding S.A. acquired a new position in Raytheon Technologies during the 2nd quarter valued at about $31,000. Finally, Kayne Anderson Rudnick Investment Management LLC purchased a new stake in Raytheon Technologies in the second quarter valued at about $31,000. Hedge funds and other institutional investors own 74.47% of the company’s stock.
RTX traded up $1.60 during trading on Wednesday, hitting $63.04. The company’s stock had a trading volume of 147,762 shares, compared to its average volume of 11,629,960. The firm has a market capitalization of $93.86 billion, a price-to-earnings ratio of 7.44, a P/E/G ratio of 1.63 and a beta of 1.22. Raytheon Technologies Corp has a twelve month low of $40.72 and a twelve month high of $93.47. The business’s fifty day simple moving average is $60.97 and its 200 day simple moving average is $76.40. The company has a current ratio of 1.20, a quick ratio of 0.91 and a debt-to-equity ratio of 0.45.
Several research firms have recently issued reports on RTX. Zacks Investment Research downgraded shares of Raytheon Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, June 10th. Cowen lifted their target price on Raytheon Technologies from $65.00 to $71.00 and gave the stock an “outperform” rating in a report on Tuesday, June 2nd. Argus cut shares of Raytheon Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, July 29th. Susquehanna Bancshares increased their price target on Raytheon Technologies from $66.00 to $74.00 in a research report on Friday, July 17th. Finally, Credit Suisse Group reissued a “buy” rating and issued a $81.00 price objective on shares of Raytheon Technologies in a report on Wednesday, July 29th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $94.17.
Raytheon Technologies Company Profile
Raytheon Technologies Corporation, an aerospace and defense company, provides advanced systems and services for commercial, military, and government customers worldwide. It operates through four segments: Collins Aerospace Systems, Pratt & Whitney, Raytheon Intelligence & Space, and Raytheon Missiles & Defense.
Read More: Dogs of the Dow
Want to see what other hedge funds are holding RTX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Raytheon Technologies Corp (NYSE:RTX).
Receive News & Ratings for Raytheon Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Raytheon Technologies and related companies with MarketBeat.com's FREE daily email newsletter.