Bar Harbor Trust Services Has $1.13 Million Holdings in Raytheon Technologies Co. (NYSE:RTX)

Bar Harbor Trust Services raised its stake in Raytheon Technologies Co. (NYSE:RTX) by 7.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,188 shares of the company’s stock after acquiring an additional 918 shares during the quarter. Bar Harbor Trust Services’ holdings in Raytheon Technologies were worth $1,125,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Accel Wealth Management increased its position in Raytheon Technologies by 2.2% in the 2nd quarter. Accel Wealth Management now owns 5,265 shares of the company’s stock valued at $449,000 after acquiring an additional 114 shares in the last quarter. ELCO Management Co. LLC increased its position in Raytheon Technologies by 1.1% in the 2nd quarter. ELCO Management Co. LLC now owns 10,384 shares of the company’s stock valued at $886,000 after acquiring an additional 116 shares in the last quarter. Pavion Blue Capital LLC increased its position in Raytheon Technologies by 2.5% in the 2nd quarter. Pavion Blue Capital LLC now owns 4,837 shares of the company’s stock valued at $413,000 after acquiring an additional 120 shares in the last quarter. Slow Capital Inc. increased its position in Raytheon Technologies by 2.6% in the 2nd quarter. Slow Capital Inc. now owns 4,717 shares of the company’s stock valued at $402,000 after acquiring an additional 121 shares in the last quarter. Finally, Tsfg LLC increased its position in Raytheon Technologies by 23.9% in the 2nd quarter. Tsfg LLC now owns 633 shares of the company’s stock valued at $54,000 after acquiring an additional 122 shares in the last quarter. Hedge funds and other institutional investors own 78.21% of the company’s stock.

Several equities research analysts have recently commented on the stock. Jefferies Financial Group lifted their price target on shares of Raytheon Technologies from $95.00 to $105.00 and gave the stock a “buy” rating in a research report on Thursday, June 3rd. Susquehanna Bancshares lifted their price target on shares of Raytheon Technologies from $97.00 to $105.00 and gave the stock a “positive” rating in a research report on Wednesday, July 28th. Argus upgraded shares of Raytheon Technologies from a “hold” rating to a “buy” rating and set a $100.00 price target for the company in a research report on Thursday, July 29th. Morgan Stanley lifted their price target on shares of Raytheon Technologies from $97.00 to $110.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 11th. Finally, Benchmark reissued a “hold” rating on shares of Raytheon Technologies in a research note on Wednesday, August 25th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $97.77.

In other news, insider Wesley D. Kremer sold 5,512 shares of the business’s stock in a transaction on Wednesday, August 4th. The shares were sold at an average price of $86.82, for a total value of $478,551.84. Following the sale, the insider now owns 73,519 shares of the company’s stock, valued at $6,382,919.58. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Robert Kelly Ortberg sold 60,000 shares of the business’s 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 completion of the sale, the director now directly owns 101,704 shares in the company, valued at approximately $8,655,010.40. The disclosure for this sale can be found here. Insiders own 0.11% of the company’s stock.

RTX traded down $0.10 during trading on Tuesday, reaching $83.35. The company had a trading volume of 109,169 shares, compared to its average volume of 6,222,131. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.17 and a quick ratio of 0.90. Raytheon Technologies Co. has a 12 month low of $51.92 and a 12 month high of $89.98. The business’s fifty day moving average price is $85.31 and its 200 day moving average price is $83.73. The company has a market cap of $125.68 billion, a P/E ratio of 57.95, a PEG ratio of 1.56 and a beta of 1.45.

Raytheon Technologies (NYSE:RTX) last announced its quarterly earnings results on Monday, July 26th. The company reported $1.03 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.10. Raytheon Technologies had a net margin of 3.51% and a return on equity of 6.80%. The firm had revenue of $15.88 billion for the quarter, compared to analyst estimates of $15.83 billion. During the same quarter in the previous year, the firm posted $0.39 earnings per share. The business’s revenue was up 12.9% on a year-over-year basis. As a group, sell-side analysts predict that Raytheon Technologies Co. will post 4.04 EPS for the current fiscal year.

Raytheon Technologies Company Profile

Raytheon Technologies Corp. is an aerospace and defense company, which engages in the provision of aerospace and defense systems and services for commercial, military, and government customers. It operates through the following segments: Collins Aerospace Systems, Pratt and Whitney, Raytheon Intelligence and Space, and Raytheon Missiles and Defense.

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

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