Raytheon Technologies Co. (NYSE:RTX) Shares Sold by Altrinsic Global Advisors LLC

Altrinsic Global Advisors LLC decreased its stake in Raytheon Technologies Co. (NYSE:RTXGet Rating) by 12.8% during the 1st quarter, Holdings Channel reports. The firm owned 338,190 shares of the company’s stock after selling 49,632 shares during the quarter. Raytheon Technologies makes up approximately 1.2% of Altrinsic Global Advisors LLC’s investment portfolio, making the stock its 18th largest position. Altrinsic Global Advisors LLC’s holdings in Raytheon Technologies were worth $33,505,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of RTX. Successful Portfolios LLC grew its position in Raytheon Technologies by 1.9% in the first quarter. Successful Portfolios LLC now owns 5,075 shares of the company’s stock valued at $503,000 after acquiring an additional 97 shares in the last quarter. Prosperity Consulting Group LLC lifted its stake in Raytheon Technologies by 0.9% in the first quarter. Prosperity Consulting Group LLC now owns 11,290 shares of the company’s stock valued at $1,118,000 after buying an additional 103 shares during the last quarter. Naples Global Advisors LLC lifted its stake in Raytheon Technologies by 0.3% in the first quarter. Naples Global Advisors LLC now owns 36,950 shares of the company’s stock valued at $3,661,000 after buying an additional 111 shares during the last quarter. NCM Capital Management LLC lifted its stake in Raytheon Technologies by 1.5% in the first quarter. NCM Capital Management LLC now owns 7,514 shares of the company’s stock valued at $744,000 after buying an additional 112 shares during the last quarter. Finally, Rehmann Capital Advisory Group lifted its stake in Raytheon Technologies by 1.4% in the fourth quarter. Rehmann Capital Advisory Group now owns 8,339 shares of the company’s stock valued at $718,000 after buying an additional 114 shares during the last quarter. Institutional investors and hedge funds own 79.89% of the company’s stock.

Wall Street Analysts Forecast Growth

RTX has been the topic of a number of recent research reports. Vertical Research cut their target price 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 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. According to MarketBeat, Raytheon Technologies has an average rating of “Moderate Buy” and a consensus price target of $114.10.

Raytheon Technologies Trading Up 1.7 %

Shares of RTX opened at $88.04 on Friday. The business’s 50-day moving average price is $92.44 and its 200 day moving average price is $95.41. The stock has a market capitalization of $129.99 billion, a P/E ratio of 29.44, a P/E/G ratio of 1.77 and a beta of 1.04. Raytheon Technologies Co. has a 1-year low of $79.00 and a 1-year high of $106.02. The company has a current ratio of 1.10, a quick ratio of 0.83 and a debt-to-equity ratio of 0.43.

Raytheon Technologies (NYSE:RTXGet Rating) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.04. Raytheon Technologies had a return on equity of 9.48% and a net margin of 6.84%. The firm had revenue of $16.31 billion for the quarter, compared to analysts’ expectations of $16.61 billion. During the same quarter last year, the business posted $1.03 EPS. Raytheon Technologies’s revenue was up 2.7% on a year-over-year basis. Analysts expect that Raytheon Technologies Co. will post 4.68 earnings per share for the current year.

Raytheon Technologies 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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