Winthrop Advisory Group LLC Increases Stake in Raytheon Technologies Co. (NYSE:RTX)

Winthrop Advisory Group LLC grew its stake in Raytheon Technologies Co. (NYSE:RTX – Get Rating) by 15.7% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 3,466 shares of the company’s stock after buying an additional 471 shares during the quarter. Winthrop Advisory Group LLC’s holdings in Raytheon Technologies were worth $343,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Stuart Chaussee & Associates Inc. boosted its stake in shares of Raytheon Technologies by 135.5% in the 1st quarter. Stuart Chaussee & Associates Inc. now owns 259 shares of the company’s stock valued at $26,000 after buying an additional 149 shares during the period. Shore Point Advisors LLC purchased a new stake in Raytheon Technologies during the fourth quarter worth approximately $25,000. Arcadia Investment Management Corp MI purchased a new stake in Raytheon Technologies during the fourth quarter worth approximately $37,000. Masso Torrence Wealth Management Inc. purchased a new stake in Raytheon Technologies during the fourth quarter worth approximately $47,000. Finally, Rise Advisors LLC purchased a new stake in Raytheon Technologies during the fourth quarter worth approximately $49,000. Institutional investors and hedge funds own 79.56% of the company’s stock.

RTX opened at $92.97 on Thursday. The business’s fifty day moving average is $95.60 and its two-hundred day moving average is $94.01. 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 company has a market cap of $138.27 billion, a price-to-earnings ratio of 33.18, a PEG ratio of 1.85 and a beta of 1.18. Raytheon Technologies Co. has a one year low of $79.00 and a one year high of $106.02.

Raytheon Technologies (NYSE:RTX – Get Rating) last posted its earnings results on Tuesday, April 26th. The company reported $1.15 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $15.83 billion. During the same period in the previous year, the business earned $0.90 earnings per share. Raytheon Technologies’s quarterly revenue was up 3.0% compared to the same quarter last year. On average, analysts predict that Raytheon Technologies Co. will post 4.77 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 8th. Stockholders of record on Friday, August 19th will be given a $0.55 dividend. The ex-dividend date of this dividend is Thursday, August 18th. This represents a $2.20 annualized dividend and a dividend yield of 2.37%. Raytheon Technologies’s dividend payout ratio is currently 78.85%.

RTX has been the subject of a number of research reports. StockNews.com upgraded Raytheon Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, May 18th. Argus upped their price objective on Raytheon Technologies from $100.00 to $112.00 in a report on Wednesday, April 27th. Royal Bank of Canada started coverage on Raytheon Technologies in a report on Friday, April 8th. They set an “outperform” rating and a $125.00 price objective on the stock. Morgan Stanley upped their price objective on Raytheon Technologies from $118.00 to $124.00 and gave the stock an “overweight” rating in a report on Wednesday, March 2nd. Finally, Cowen upped their price objective on Raytheon Technologies from $115.00 to $120.00 in a report on Wednesday, April 27th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $111.91.

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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