Keeley Teton Advisors LLC Has $1.23 Million Stake in Raytheon Technologies Co. (NYSE:RTX)

Keeley Teton Advisors LLC raised its stake in Raytheon Technologies Co. (NYSE:RTXGet Rating) by 1.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,752 shares of the company’s stock after buying an additional 154 shares during the quarter. Keeley Teton Advisors LLC’s holdings in Raytheon Technologies were worth $1,226,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in RTX. Cantor Fitzgerald Investment Advisor L.P raised its position in shares of Raytheon Technologies by 94.5% during the first quarter. Cantor Fitzgerald Investment Advisor L.P now owns 322,180 shares of the company’s stock worth $31,918,000 after purchasing an additional 156,550 shares during the period. Parkside Financial Bank & Trust raised its position in shares of Raytheon Technologies by 9.2% during the first quarter. Parkside Financial Bank & Trust now owns 11,011 shares of the company’s stock worth $1,091,000 after purchasing an additional 931 shares during the period. Ironwood Wealth Management LLC. raised its position in shares of Raytheon Technologies by 1.2% during the first quarter. Ironwood Wealth Management LLC. now owns 10,761 shares of the company’s stock worth $1,066,000 after purchasing an additional 128 shares during the period. Strategic Capital Advisers Inc. acquired a new stake in shares of Raytheon Technologies during the first quarter worth about $210,000. Finally, Benjamin F. Edwards & Company Inc. raised its position in shares of Raytheon Technologies by 1.0% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 15,888 shares of the company’s stock worth $1,574,000 after purchasing an additional 157 shares during the period. Institutional investors and hedge funds own 79.89% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on RTX shares. Morgan Stanley dropped their price target on Raytheon Technologies from $124.00 to $119.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 26th. Vertical Research decreased their price objective on Raytheon Technologies to $120.00 and set an “outperform” rating for the company in a report on Wednesday, July 27th. Wolfe Research began coverage on Raytheon Technologies in a report on Monday, October 10th. They set a “peer perform” rating for the company. Robert W. Baird decreased their price objective on Raytheon Technologies from $117.00 to $106.00 and set an “outperform” rating for the company in a report on Wednesday, October 26th. Finally, Royal Bank of Canada decreased their price objective on Raytheon Technologies from $107.00 to $102.00 and set an “outperform” rating for the company in a report on Wednesday, October 26th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $108.73.

Raytheon Technologies Stock Up 0.3 %

RTX stock opened at $97.13 on Thursday. The company has a quick ratio of 0.82, a current ratio of 1.09 and a debt-to-equity ratio of 0.43. The business has a 50 day moving average price of $88.98 and a two-hundred day moving average price of $91.44. The company has a market cap of $142.79 billion, a price-to-earnings ratio of 32.38, a P/E/G ratio of 2.15 and a beta of 1.07. Raytheon Technologies Co. has a twelve month low of $79.00 and a twelve month high of $106.02.

Raytheon Technologies (NYSE:RTXGet Rating) last posted its quarterly earnings results on Tuesday, October 25th. The company reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.10. The firm had revenue of $16.95 billion during the quarter, compared to the consensus estimate of $17.25 billion. Raytheon Technologies had a return on equity of 9.36% and a net margin of 6.76%. The business’s revenue was up 4.6% compared to the same quarter last year. During the same period last year, the company earned $1.26 earnings per share. Analysts anticipate that Raytheon Technologies Co. will post 4.76 EPS for the current fiscal year.

Raytheon Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Friday, November 18th will be paid a dividend of $0.55 per share. The ex-dividend date of this dividend is Thursday, November 17th. This represents a $2.20 annualized dividend and a dividend yield of 2.27%. Raytheon Technologies’s dividend payout ratio is currently 73.33%.

Insider Transactions at Raytheon Technologies

In other news, EVP Dantaya M. Williams sold 1,206 shares of Raytheon Technologies stock in a transaction that occurred on Thursday, October 27th. The stock was sold at an average price of $92.01, for a total transaction of $110,964.06. Following the completion of the transaction, the executive vice president now directly owns 10,596 shares in the company, valued at approximately $974,937.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, COO Christopher T. Calio sold 1,697 shares of Raytheon Technologies stock in a transaction that occurred on Monday, October 31st. The stock was sold at an average price of $94.26, for a total transaction of $159,959.22. Following the completion of the transaction, the chief operating officer now directly owns 44,562 shares in the company, valued at approximately $4,200,414.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Dantaya M. Williams sold 1,206 shares of Raytheon Technologies stock in a transaction that occurred on Thursday, October 27th. The stock was sold at an average price of $92.01, for a total value of $110,964.06. Following the sale, the executive vice president now directly owns 10,596 shares of the company’s stock, valued at $974,937.96. The disclosure for this sale can be found here. In the last three months, insiders sold 6,246 shares of company stock worth $590,280. 0.11% of the stock is owned by company insiders.

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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