HB Wealth Management LLC Acquires 11,147 Shares of Raytheon Technologies Co. (NYSE:RTX)

HB Wealth Management LLC lifted its holdings in shares of Raytheon Technologies Co. (NYSE:RTXGet Rating) by 14.3% in the second quarter, according to its most recent filing with the SEC. The firm owned 89,147 shares of the company’s stock after acquiring an additional 11,147 shares during the period. HB Wealth Management LLC’s holdings in Raytheon Technologies were worth $8,568,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in RTX. Successful Portfolios LLC boosted its position in Raytheon Technologies by 1.9% during the first quarter. Successful Portfolios LLC now owns 5,075 shares of the company’s stock worth $503,000 after purchasing an additional 97 shares during the period. Prosperity Consulting Group LLC lifted its holdings in shares of Raytheon Technologies by 0.9% in the first quarter. Prosperity Consulting Group LLC now owns 11,290 shares of the company’s stock worth $1,118,000 after buying an additional 103 shares in the last quarter. Beaird Harris Wealth Management LLC lifted its holdings in shares of Raytheon Technologies by 7.1% in the first quarter. Beaird Harris Wealth Management LLC now owns 1,655 shares of the company’s stock worth $164,000 after buying an additional 109 shares in the last quarter. Naples Global Advisors LLC lifted its holdings in shares of Raytheon Technologies by 0.3% in the first quarter. Naples Global Advisors LLC now owns 36,950 shares of the company’s stock worth $3,661,000 after buying an additional 111 shares in the last quarter. Finally, NCM Capital Management LLC raised its stake in Raytheon Technologies by 1.5% in the first quarter. NCM Capital Management LLC now owns 7,514 shares of the company’s stock valued at $744,000 after purchasing an additional 112 shares in the last quarter. 79.89% of the stock is owned by institutional investors.

Analysts Set New Price Targets

RTX has been the topic of a number of recent analyst reports. Vertical Research lowered their target price on shares of Raytheon Technologies to $120.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 27th. StockNews.com upgraded shares of Raytheon Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, August 4th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $114.10.

Raytheon Technologies Stock Down 2.6 %

Shares of RTX traded down $2.16 during trading hours on Friday, hitting $81.29. The company had a trading volume of 98,597 shares, compared to its average volume of 4,894,739. The firm has a fifty day moving average price of $90.89 and a 200-day moving average price of $94.56. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.83 and a current ratio of 1.10. The stock has a market capitalization of $120.03 billion, a price-to-earnings ratio of 27.91, a P/E/G ratio of 1.72 and a beta of 1.04. Raytheon Technologies Co. has a 52-week low of $79.00 and a 52-week high of $106.02.

Raytheon Technologies (NYSE:RTXGet Rating) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.04. Raytheon Technologies had a net margin of 6.84% and a return on equity of 9.48%. The company had revenue of $16.31 billion for the quarter, compared to the consensus estimate of $16.61 billion. During the same quarter in the prior year, the firm earned $1.03 earnings per share. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, equities research analysts forecast that Raytheon Technologies Co. will post 4.71 EPS for the current fiscal year.

About Raytheon Technologies

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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.

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

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