Raytheon Technologies Co. (NYSE:RTX) Shares Sold by HHM Wealth Advisors LLC

HHM Wealth Advisors LLC decreased its holdings in shares of Raytheon Technologies Co. (NYSE:RTXGet Rating) by 60.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 805 shares of the company’s stock after selling 1,208 shares during the quarter. HHM Wealth Advisors LLC’s holdings in Raytheon Technologies were worth $66,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RTX. Empirical Finance LLC increased its position in shares of Raytheon Technologies by 19.7% during the 3rd quarter. Empirical Finance LLC now owns 36,263 shares of the company’s stock worth $2,968,000 after purchasing an additional 5,971 shares during the last quarter. Glenview Trust Co boosted its stake in Raytheon Technologies by 4.2% during the third quarter. Glenview Trust Co now owns 96,834 shares of the company’s stock worth $7,926,000 after buying an additional 3,872 shares during the period. Nicholas Hoffman & Company LLC. increased its position in shares of Raytheon Technologies by 2.5% during the third quarter. Nicholas Hoffman & Company LLC. now owns 14,401 shares of the company’s stock valued at $1,179,000 after acquiring an additional 346 shares during the last quarter. 1ST Source Bank raised its stake in shares of Raytheon Technologies by 2.6% in the 3rd quarter. 1ST Source Bank now owns 25,684 shares of the company’s stock valued at $2,102,000 after acquiring an additional 659 shares during the period. Finally, Legacy CG LLC lifted its holdings in shares of Raytheon Technologies by 2.9% in the 3rd quarter. Legacy CG LLC now owns 28,092 shares of the company’s stock worth $2,300,000 after acquiring an additional 779 shares during the last quarter. Hedge funds and other institutional investors own 78.83% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on RTX shares. Robert W. Baird dropped their target price on shares of Raytheon Technologies from $117.00 to $106.00 and set an “outperform” rating for the company in a report on Wednesday, October 26th. Morgan Stanley dropped their price objective on Raytheon Technologies from $119.00 to $115.00 and set an “overweight” rating for the company in a research note on Thursday, January 19th. The Goldman Sachs Group downgraded Raytheon Technologies from a “buy” rating to a “neutral” rating and cut their price objective for the company from $115.00 to $105.00 in a report on Friday, January 13th. Citigroup initiated coverage on Raytheon Technologies in a report on Thursday, December 8th. They set a “neutral” rating and a $104.00 target price for the company. Finally, StockNews.com upgraded shares of Raytheon Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, October 20th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Raytheon Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $109.93.

Raytheon Technologies Stock Up 3.3 %

Shares of NYSE:RTX opened at $99.47 on Wednesday. The company has a quick ratio of 0.82, a current ratio of 1.09 and a debt-to-equity ratio of 0.43. Raytheon Technologies Co. has a fifty-two week low of $80.27 and a fifty-two week high of $108.84. The stock has a market cap of $146.23 billion, a price-to-earnings ratio of 33.16, a price-to-earnings-growth ratio of 1.98 and a beta of 1.03. The firm’s 50 day moving average price is $98.58 and its 200 day moving average price is $93.04.

Raytheon Technologies (NYSE:RTXGet Rating) last announced its quarterly earnings data on Tuesday, January 24th. The company reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.03. The business had revenue of $18.09 billion for the quarter, compared to analyst estimates of $18.16 billion. Raytheon Technologies had a net margin of 6.76% and a return on equity of 9.36%. The company’s revenue was up 6.2% on a year-over-year basis. During the same period last year, the business earned $1.08 EPS. As a group, equities research analysts predict that Raytheon Technologies Co. will post 4.76 earnings per share for the current fiscal year.

Raytheon Technologies announced that its board has authorized a stock buyback plan on Monday, December 12th that permits the company to repurchase $6.00 billion in shares. This repurchase authorization permits the company to repurchase up to 4.1% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In other news, COO Christopher T. Calio sold 1,697 shares of the stock in a transaction dated Monday, October 31st. The stock was sold at an average price of $94.26, for a total value of $159,959.22. Following the transaction, the chief operating officer now owns 44,562 shares in the company, valued at approximately $4,200,414.12. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, COO Christopher T. Calio sold 1,697 shares of the business’s stock in a transaction that occurred on Monday, October 31st. The shares were sold at an average price of $94.26, for a total transaction of $159,959.22. Following the completion of the sale, the chief operating officer now owns 44,562 shares in the company, valued at approximately $4,200,414.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gregory Hayes sold 4,260 shares of the stock in a transaction on Friday, December 2nd. The shares were sold at an average price of $99.16, for a total transaction of $422,421.60. Following the completion of the transaction, the chief executive officer now directly owns 453,685 shares in the company, valued at $44,987,404.60. The disclosure for this sale can be found here. Insiders sold 10,506 shares of company stock valued at $1,012,702 in the last ninety days. Insiders own 0.11% of the company’s stock.

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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