M. Kraus & Co increased its holdings in shares of Raytheon Technologies Co. (NYSE:RTX) by 2.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 72,425 shares of the company’s stock after buying an additional 1,871 shares during the period. Raytheon Technologies comprises approximately 2.2% of M. Kraus & Co’s portfolio, making the stock its 22nd largest position. M. Kraus & Co’s holdings in Raytheon Technologies were worth $5,179,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Center for Financial Planning Inc. boosted its position in Raytheon Technologies by 6.0% during the 3rd quarter. Center for Financial Planning Inc. now owns 3,002 shares of the company’s stock worth $173,000 after buying an additional 170 shares during the period. Tealwood Asset Management Inc. boosted its position in Raytheon Technologies by 1.0% during the 3rd quarter. Tealwood Asset Management Inc. now owns 17,387 shares of the company’s stock worth $1,000,000 after buying an additional 173 shares during the period. Webster Bank N. A. boosted its position in Raytheon Technologies by 0.3% during the 4th quarter. Webster Bank N. A. now owns 51,332 shares of the company’s stock worth $3,671,000 after buying an additional 173 shares during the period. Marble Harbor Investment Counsel LLC boosted its position in Raytheon Technologies by 0.6% during the 3rd quarter. Marble Harbor Investment Counsel LLC now owns 30,743 shares of the company’s stock worth $1,769,000 after buying an additional 188 shares during the period. Finally, Pacific Wealth Strategies Group Inc. boosted its position in Raytheon Technologies by 2.6% during the 3rd quarter. Pacific Wealth Strategies Group Inc. now owns 7,478 shares of the company’s stock worth $430,000 after buying an additional 190 shares during the period. Institutional investors and hedge funds own 74.47% of the company’s stock.

NYSE RTX traded down $1.02 during mid-day trading on Wednesday, hitting $70.50. The company’s stock had a trading volume of 6,836,043 shares, compared to its average volume of 6,717,125. The company’s 50 day simple moving average is $71.52 and its 200 day simple moving average is $63.72. Raytheon Technologies Co. has a twelve month low of $40.72 and a twelve month high of $93.47. The company has a current ratio of 1.20, a quick ratio of 0.91 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $107.07 billion, a price-to-earnings ratio of 8.66, a PEG ratio of 1.79 and a beta of 1.23.

Raytheon Technologies (NYSE:RTX) last posted its quarterly earnings results on Tuesday, October 27th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.08. Raytheon Technologies had a negative net margin of 2.28% and a positive return on equity of 11.59%. The business had revenue of $15.05 billion during the quarter, compared to the consensus estimate of $15.16 billion. During the same quarter last year, the firm posted $1.27 EPS. Raytheon Technologies’s revenue was up 32.3% compared to the same quarter last year. As a group, research analysts forecast that Raytheon Technologies Co. will post 2.86 EPS for the current year.

Raytheon Technologies declared that its board has initiated a share buyback program on Monday, December 7th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the company to repurchase up to 4.4% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Several research analysts have issued reports on the stock. The Goldman Sachs Group upgraded shares of Raytheon Technologies from a “buy” rating to a “conviction-buy” rating in a report on Sunday, September 20th. JPMorgan Chase & Co. raised their price target on shares of Raytheon Technologies from $79.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, December 15th. Credit Suisse Group lowered their price target on shares of Raytheon Technologies from $75.00 to $70.00 and set an “outperform” rating for the company in a report on Wednesday, October 28th. ValuEngine upgraded shares of Raytheon Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, November 3rd. Finally, DZ Bank upgraded shares of Raytheon Technologies from a “hold” rating to a “buy” rating and set a $86.00 price target for the company in a report on Thursday, December 17th. One analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. Raytheon Technologies currently has a consensus rating of “Buy” and a consensus target price of $86.78.

In other news, Chairman Thomas A. Kennedy acquired 19,059 shares of the business’s stock in a transaction on Thursday, October 29th. The shares were purchased at an average cost of $52.47 per share, with a total value of $1,000,025.73. Following the acquisition, the chairman now directly owns 362,541 shares of the company’s stock, valued at $19,022,526.27. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Gregory Hayes acquired 55,000 shares of the business’s stock in a transaction on Wednesday, October 28th. The shares were purchased at an average cost of $54.82 per share, for a total transaction of $3,015,100.00. Following the completion of the acquisition, the chief executive officer now directly owns 235,365 shares in the company, valued at $12,902,709.30. The disclosure for this purchase can be found here. In the last three months, insiders purchased 84,591 shares of company stock valued at $4,567,268. 0.18% of the stock is currently owned by insiders.

About Raytheon Technologies

Raytheon Technologies Corporation, an aerospace and defense company, provides advanced systems and services for commercial, military, and government customers worldwide. It operates in four businesses: 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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