Eaton Vance Management Has $149.28 Million Position in Raytheon Technologies Co. (NYSE:RTX)

Eaton Vance Management reduced its holdings in Raytheon Technologies Co. (NYSE:RTX) by 2.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,931,868 shares of the company’s stock after selling 53,325 shares during the quarter. Eaton Vance Management owned about 0.13% of Raytheon Technologies worth $149,275,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Fort Pitt Capital Group LLC acquired a new stake in shares of Raytheon Technologies in the fourth quarter valued at about $21,733,000. Evolution Wealth Advisors LLC grew its position in shares of Raytheon Technologies by 88.1% in the first quarter. Evolution Wealth Advisors LLC now owns 348 shares of the company’s stock valued at $27,000 after purchasing an additional 163 shares during the last quarter. Harbour Investments Inc. acquired a new stake in Raytheon Technologies during the first quarter worth about $28,000. Disciplined Investments LLC grew its position in Raytheon Technologies by 136.9% during the first quarter. Disciplined Investments LLC now owns 372 shares of the company’s stock worth $29,000 after buying an additional 215 shares in the last quarter. Finally, Paradigm Strategies in Wealth Management LLC acquired a new stake in Raytheon Technologies during the first quarter worth about $30,000. 78.23% of the stock is currently owned by institutional investors.

In other Raytheon Technologies news, EVP Frank R. Jimenez sold 1,400 shares of Raytheon Technologies stock in a transaction on Friday, May 21st. The shares were sold at an average price of $85.97, for a total transaction of $120,358.00. Following the completion of the sale, the executive vice president now owns 74,374 shares of the company’s stock, valued at approximately $6,393,932.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert Kelly Ortberg sold 60,000 shares of Raytheon Technologies stock in a transaction on Thursday, July 15th. The stock was sold at an average price of $85.10, for a total transaction of $5,106,000.00. Following the sale, the director now directly owns 101,704 shares of the company’s stock, valued at approximately $8,655,010.40. The disclosure for this sale can be found here. Insiders sold a total of 85,665 shares of company stock valued at $7,244,790 in the last 90 days. 0.11% of the stock is currently owned by corporate insiders.

A number of equities research analysts recently weighed in on the company. LADENBURG THALM/SH SH raised Raytheon Technologies from a “neutral” rating to a “buy” rating and set a $100.00 target price on the stock in a research report on Monday, May 3rd. Credit Suisse Group lifted their target price on Raytheon Technologies from $94.00 to $95.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 19th. Susquehanna Bancshares lifted their price objective on Raytheon Technologies from $91.00 to $97.00 and gave the company a “positive” rating in a report on Wednesday, April 28th. Morgan Stanley lifted their price objective on Raytheon Technologies from $89.00 to $97.00 and gave the company an “overweight” rating in a report on Wednesday, April 28th. Finally, Wolfe Research started coverage on Raytheon Technologies in a report on Friday, April 9th. They set an “outperform” rating and a $97.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $95.17.

RTX stock opened at $86.58 on Thursday. The company has a quick ratio of 0.91, a current ratio of 1.17 and a debt-to-equity ratio of 0.41. The stock has a 50 day moving average of $86.66. Raytheon Technologies Co. has a fifty-two week low of $51.92 and a fifty-two week high of $89.98. The company has a market cap of $131.18 billion, a PE ratio of 32.37, a PEG ratio of 1.72 and a beta of 1.46.

Raytheon Technologies (NYSE:RTX) last posted its quarterly earnings data on Monday, April 26th. The company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.02. Raytheon Technologies had a negative net margin of 4.44% and a positive return on equity of 5.54%. The firm had revenue of $15.25 billion during the quarter, compared to analysts’ expectations of $15.27 billion. During the same quarter in the previous year, the company posted $1.78 EPS. Raytheon Technologies’s revenue was up 34.3% on a year-over-year basis. On average, equities research analysts anticipate that Raytheon Technologies Co. will post 3.74 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 9th. Investors of record on Friday, August 20th will be given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 2.36%. The ex-dividend date is Thursday, August 19th. Raytheon Technologies’s dividend payout ratio (DPR) is presently 74.73%.

Raytheon Technologies Company Profile

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.

Further Reading: How is diluted EPS different from basic EPS?

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

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