Deane Retirement Strategies Inc. Has $2.06 Million Stock Position in Raytheon Technologies Co. (NYSE:RTX)

Deane Retirement Strategies Inc. lowered its position in shares of Raytheon Technologies Co. (NYSE:RTXGet Rating) by 0.7% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,594 shares of the company’s stock after selling 145 shares during the quarter. Raytheon Technologies comprises 1.1% of Deane Retirement Strategies Inc.’s holdings, making the stock its 26th biggest position. Deane Retirement Strategies Inc.’s holdings in Raytheon Technologies were worth $2,063,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of RTX. Balyasny Asset Management LLC lifted its holdings in shares of Raytheon Technologies by 332.7% during the third quarter. Balyasny Asset Management LLC now owns 1,595,475 shares of the company’s stock worth $137,147,000 after buying an additional 1,226,786 shares in the last quarter. Man Group plc raised its stake in Raytheon Technologies by 6.4% in the third quarter. Man Group plc now owns 15,095 shares of the company’s stock valued at $1,297,000 after purchasing an additional 913 shares in the last quarter. Atria Investments LLC raised its stake in Raytheon Technologies by 3.4% in the third quarter. Atria Investments LLC now owns 86,437 shares of the company’s stock valued at $7,430,000 after purchasing an additional 2,802 shares in the last quarter. Cetera Advisor Networks LLC raised its stake in Raytheon Technologies by 0.8% in the third quarter. Cetera Advisor Networks LLC now owns 97,327 shares of the company’s stock valued at $8,366,000 after purchasing an additional 815 shares in the last quarter. Finally, Cetera Advisors LLC raised its stake in Raytheon Technologies by 16.1% in the third quarter. Cetera Advisors LLC now owns 66,497 shares of the company’s stock valued at $5,716,000 after purchasing an additional 9,234 shares in the last quarter. 79.56% of the stock is owned by institutional investors.

RTX has been the subject of a number of analyst reports. Cowen boosted their price target on Raytheon Technologies from $115.00 to $120.00 in a research note on Wednesday, April 27th. Barclays boosted their price target on Raytheon Technologies from $100.00 to $107.00 and gave the company an “overweight” rating in a research note on Thursday, March 10th. Cowen boosted their target price on Raytheon Technologies from $115.00 to $120.00 in a research note on Wednesday, April 27th. StockNews.com raised Raytheon Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, May 18th. Finally, Argus boosted their target price on Raytheon Technologies from $100.00 to $112.00 in a research note on Wednesday, April 27th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Raytheon Technologies has a consensus rating of “Moderate Buy” and an average price target of $111.91.

Shares of NYSE:RTX traded down $0.26 during midday trading on Thursday, hitting $92.30. 83,648 shares of the stock were exchanged, compared to its average volume of 4,336,877. The stock has a market capitalization of $137.27 billion, a price-to-earnings ratio of 33.18, a P/E/G ratio of 1.85 and a beta of 1.18. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.88 and a current ratio of 1.16. The business’s 50-day moving average price is $95.60 and its 200 day moving average price is $94.01. Raytheon Technologies Co. has a 12 month low of $79.00 and a 12 month high of $106.02.

Raytheon Technologies (NYSE:RTXGet Rating) last released its quarterly earnings results on Tuesday, April 26th. The company reported $1.15 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.14. Raytheon Technologies had a return on equity of 9.24% and a net margin of 6.47%. The company had revenue of $15.72 billion for the quarter, compared to analysts’ expectations of $15.83 billion. During the same period in the previous year, the business posted $0.90 earnings per share. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. As a group, sell-side analysts expect that Raytheon Technologies Co. will post 4.77 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 8th. Investors of record on Friday, August 19th will be issued a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 2.38%. The ex-dividend date of this dividend is Thursday, August 18th. Raytheon Technologies’s payout ratio is presently 78.85%.

Raytheon Technologies Company Profile (Get Rating)

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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