Regent Investment Management LLC Boosts Holdings in Raytheon Technologies Co. (NYSE:RTX)

Regent Investment Management LLC raised its holdings in Raytheon Technologies Co. (NYSE:RTXGet Rating) by 1.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,975 shares of the company’s stock after buying an additional 555 shares during the quarter. Raytheon Technologies makes up approximately 1.2% of Regent Investment Management LLC’s holdings, making the stock its 19th largest holding. Regent Investment Management LLC’s holdings in Raytheon Technologies were worth $4,419,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also modified their holdings of RTX. Successful Portfolios LLC raised its stake in shares of Raytheon Technologies by 1.9% in the 1st quarter. Successful Portfolios LLC now owns 5,075 shares of the company’s stock valued at $503,000 after purchasing an additional 97 shares during the period. Prosperity Consulting Group LLC raised its stake in shares of Raytheon Technologies by 0.9% in the 1st quarter. Prosperity Consulting Group LLC now owns 11,290 shares of the company’s stock valued at $1,118,000 after purchasing an additional 103 shares during the period. Beaird Harris Wealth Management LLC raised its stake in shares of Raytheon Technologies by 7.1% in the 1st quarter. Beaird Harris Wealth Management LLC now owns 1,655 shares of the company’s stock valued at $164,000 after purchasing an additional 109 shares during the period. Naples Global Advisors LLC raised its stake in shares of Raytheon Technologies by 0.3% in the 1st quarter. Naples Global Advisors LLC now owns 36,950 shares of the company’s stock valued at $3,661,000 after purchasing an additional 111 shares during the period. Finally, NCM Capital Management LLC raised its stake in shares of Raytheon Technologies by 1.5% in the 1st 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 during the period. 79.89% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have issued reports on RTX shares. Vertical Research dropped their price target on Raytheon Technologies to $120.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 27th. StockNews.com raised 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 issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $114.10.

Raytheon Technologies Stock Performance

NYSE:RTX traded down $2.16 on Friday, hitting $81.29. The company’s stock had a trading volume of 94,595 shares, compared to its average volume of 4,894,739. The company has a current ratio of 1.10, a quick ratio of 0.83 and a debt-to-equity ratio of 0.43. The stock has a fifty day moving average of $90.89 and a two-hundred day moving average of $94.56. The firm has a market capitalization of $120.03 billion, a P/E ratio of 27.91, a price-to-earnings-growth ratio of 1.72 and a beta of 1.04. Raytheon Technologies Co. has a one year low of $79.00 and a one year high of $106.02.

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

Raytheon Technologies Company Profile

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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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