Unison Advisors LLC grew its position in Raytheon Technologies Co. (NYSE:RTX) by 0.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,789 shares of the company’s stock after buying an additional 193 shares during the quarter. Unison Advisors LLC’s holdings in Raytheon Technologies were worth $2,224,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Fort Pitt Capital Group LLC bought a new stake in shares of Raytheon Technologies in the 4th quarter valued at about $21,733,000. IronBridge Private Wealth LLC bought a new position in Raytheon Technologies in the fourth quarter worth about $29,000. Annapolis Financial Services LLC bought a new stake in shares of Raytheon Technologies in the 4th quarter valued at about $30,000. JJJ Advisors Inc. grew its position in shares of Raytheon Technologies by 52.5% in the 4th quarter. JJJ Advisors Inc. now owns 453 shares of the company’s stock worth $32,000 after buying an additional 156 shares during the last quarter. Finally, SOA Wealth Advisors LLC. purchased a new stake in Raytheon Technologies during the fourth quarter valued at approximately $33,000. 75.09% of the stock is owned by institutional investors.
Several equities research analysts have weighed in on the company. Credit Suisse Group raised their price target on Raytheon Technologies from $81.00 to $90.00 and gave the stock an “outperform” rating in a report on Tuesday. Susquehanna increased their price objective on Raytheon Technologies from $83.00 to $91.00 and gave the company a “positive” rating in a report on Monday. Zacks Investment Research upgraded shares of Raytheon Technologies from a “sell” rating to a “hold” rating and set a $72.00 target price for the company in a research note on Friday, January 29th. Susquehanna Bancshares boosted their price target on shares of Raytheon Technologies from $83.00 to $91.00 and gave the company a “positive” rating in a report on Monday, April 12th. Finally, Wolfe Research assumed coverage on Raytheon Technologies in a research note on Thursday, April 15th. They issued an “outperform” rating and a $97.00 price target on the stock. Three research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $82.07.
Raytheon Technologies (NYSE:RTX) last posted its earnings results on Monday, January 25th. The company reported $0.74 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.05. Raytheon Technologies had a negative net margin of 3.77% and a positive return on equity of 8.35%. The business had revenue of $16.42 billion for the quarter, compared to analyst estimates of $16.07 billion. During the same quarter in the prior year, the firm posted $1.16 EPS. Raytheon Technologies’s revenue was down 1.0% on a year-over-year basis. Equities analysts forecast that Raytheon Technologies Co. will post 3.01 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 25th. Shareholders of record on Friday, February 26th were paid a $0.475 dividend. The ex-dividend date of this dividend was Thursday, February 25th. This represents a $1.90 dividend on an annualized basis and a yield of 2.39%. Raytheon Technologies’s dividend payout ratio is presently 23.00%.
Raytheon Technologies 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.
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