Capital Advisors Inc. OK Acquires New Position in Raytheon Technologies Corp (NYSE:RTX)

Capital Advisors Inc. OK acquired a new stake in Raytheon Technologies Corp (NYSE:RTX) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 17,421 shares of the company’s stock, valued at approximately $1,043,000.

A number of other large investors have also recently made changes to their positions in RTX. Vanguard Group Inc. purchased a new position in shares of Raytheon Technologies during the 2nd quarter worth approximately $7,929,593,000. Capital Research Global Investors purchased a new position in shares of Raytheon Technologies during the 1st quarter worth approximately $1,786,892,000. Bank of New York Mellon Corp purchased a new position in shares of Raytheon Technologies during the 2nd quarter worth approximately $975,282,000. Nuveen Asset Management LLC purchased a new position in shares of Raytheon Technologies during the 2nd quarter worth approximately $893,868,000. Finally, Charles Schwab Investment Management Inc. purchased a new position in shares of Raytheon Technologies during the 2nd quarter worth approximately $826,942,000. Hedge funds and other institutional investors own 74.47% of the company’s stock.

A number of research analysts have recently weighed in on RTX shares. Susquehanna Bancshares raised their price objective on shares of Raytheon Technologies from $66.00 to $74.00 in a research note on Friday, July 17th. Argus cut shares of Raytheon Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, July 29th. JPMorgan Chase & Co. lifted their target price on shares of Raytheon Technologies from $70.00 to $72.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 29th. Morgan Stanley started coverage on shares of Raytheon Technologies in a research note on Tuesday, September 8th. They issued an “overweight” rating and a $89.00 target price for the company. Finally, Zacks Investment Research cut shares of Raytheon Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday, June 10th. One research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the stock. Raytheon Technologies presently has a consensus rating of “Buy” and a consensus price target of $94.17.

Shares of NYSE:RTX traded up $1.48 during trading on Wednesday, reaching $62.92. 7,069,200 shares of the company’s stock traded hands, compared to its average volume of 11,613,320. Raytheon Technologies Corp has a 12 month low of $40.72 and a 12 month high of $93.47. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.20 and a quick ratio of 0.91. The stock has a market capitalization of $93.86 billion, a P/E ratio of 7.44, a price-to-earnings-growth ratio of 1.63 and a beta of 1.22. The company has a 50 day moving average of $60.97 and a 200-day moving average of $76.40.

Raytheon Technologies (NYSE:RTX) last posted its earnings results on Tuesday, July 28th. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.10 by $0.30. Raytheon Technologies had a negative net margin of 2.28% and a positive return on equity of 11.59%. The firm had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $13.39 billion. The business’s revenue for the quarter was up 24.1% on a year-over-year basis. Equities research analysts predict that Raytheon Technologies Corp will post 3.1 earnings per share for the current fiscal year.

Raytheon Technologies Profile

Raytheon Technologies Corporation, an aerospace and defense company, provides advanced systems and services for 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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