Raytheon Technologies Co. (NYSE:RTX) Shares Bought by Horizon Investments LLC

Horizon Investments LLC boosted its stake in shares of Raytheon Technologies Co. (NYSE:RTXGet Rating) by 76.4% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 32,812 shares of the company’s stock after purchasing an additional 14,211 shares during the period. Horizon Investments LLC’s holdings in Raytheon Technologies were worth $3,251,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Raytheon Technologies during the 4th quarter worth about $1,277,246,000. Capital Research Global Investors boosted its stake in shares of Raytheon Technologies by 13.4% during the 4th quarter. Capital Research Global Investors now owns 59,603,906 shares of the company’s stock worth $5,129,511,000 after acquiring an additional 7,030,375 shares in the last quarter. Capital World Investors boosted its stake in shares of Raytheon Technologies by 48.5% during the 4th quarter. Capital World Investors now owns 6,874,082 shares of the company’s stock worth $591,583,000 after acquiring an additional 2,244,470 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Raytheon Technologies by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 120,699,958 shares of the company’s stock worth $11,957,745,000 after acquiring an additional 2,236,112 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its stake in shares of Raytheon Technologies by 33.1% during the 4th quarter. Alliancebernstein L.P. now owns 8,879,745 shares of the company’s stock worth $764,191,000 after acquiring an additional 2,210,486 shares in the last quarter. 79.89% of the stock is owned by institutional investors and hedge funds.

Raytheon Technologies Trading Up 1.7 %

RTX opened at $88.04 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.10 and a quick ratio of 0.83. The company’s 50 day simple moving average is $92.44 and its two-hundred day simple moving average is $95.43. Raytheon Technologies Co. has a 1-year low of $79.00 and a 1-year high of $106.02. The firm has a market capitalization of $129.99 billion, a price-to-earnings ratio of 29.44, a price-to-earnings-growth ratio of 1.80 and a beta of 1.04.

Raytheon Technologies (NYSE:RTXGet Rating) last released its 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 net margin of 6.84% and a return on equity of 9.48%. The business had revenue of $16.31 billion for the quarter, compared to analyst estimates of $16.61 billion. During the same period last year, the company posted $1.03 EPS. The business’s revenue was up 2.7% on a year-over-year basis. Analysts expect that Raytheon Technologies Co. will post 4.68 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on RTX shares. StockNews.com raised shares of Raytheon Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, August 4th. Vertical Research decreased their price target on shares of Raytheon Technologies to $120.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 27th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Raytheon Technologies has an average rating of “Moderate Buy” and an average price target of $114.10.

About Raytheon Technologies

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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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