7,403 Shares in Raytheon Technologies Co. (NYSE:RTX) Acquired by Amica Retiree Medical Trust

Amica Retiree Medical Trust bought a new position in shares of Raytheon Technologies Co. (NYSE:RTXGet Rating) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,403 shares of the company’s stock, valued at approximately $637,000.

A number of other institutional investors and hedge funds have also bought and sold shares of RTX. Fortis Advisors LLC acquired a new stake in Raytheon Technologies during the 3rd quarter worth approximately $32,000. Bellwether Advisors LLC grew its position in Raytheon Technologies by 72.0% in the third quarter. Bellwether Advisors LLC now owns 466 shares of the company’s stock valued at $40,000 after acquiring an additional 195 shares in the last quarter. Bell Investment Advisors Inc acquired a new stake in Raytheon Technologies in the third quarter valued at approximately $43,000. Level Financial Advisors Inc. acquired a new stake in Raytheon Technologies in the fourth quarter valued at approximately $56,000. Finally, Annapolis Financial Services LLC grew its position in Raytheon Technologies by 60.8% in the third quarter. Annapolis Financial Services LLC now owns 669 shares of the company’s stock valued at $58,000 after acquiring an additional 253 shares in the last quarter. 78.57% of the stock is owned by hedge funds and other institutional investors.

In related news, Director Tracy A. Atkinson sold 5,340 shares of Raytheon Technologies stock in a transaction that occurred on Friday, February 18th. The stock was sold at an average price of $93.63, for a total transaction of $499,984.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Wesley D. Kremer sold 15,083 shares of Raytheon Technologies stock in a transaction that occurred on Thursday, February 17th. The stock was sold at an average price of $93.92, for a total value of $1,416,595.36. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 34,749 shares of company stock valued at $3,344,416. 0.11% of the stock is owned by corporate insiders.

NYSE RTX traded down $3.17 on Friday, reaching $94.91. The company had a trading volume of 5,882,973 shares, compared to its average volume of 4,794,727. The stock’s 50 day moving average is $99.69 and its 200-day moving average is $92.47. The stock has a market cap of $141.44 billion, a price-to-earnings ratio of 34.02, a PEG ratio of 2.04 and a beta of 1.24. The company has a quick ratio of 0.93, a current ratio of 1.16 and a debt-to-equity ratio of 0.42. Raytheon Technologies Co. has a 52 week low of $79.00 and a 52 week high of $106.02.

Raytheon Technologies (NYSE:RTXGet Rating) last announced its quarterly earnings results on Tuesday, April 26th. The company reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.14. Raytheon Technologies had a return on equity of 9.24% and a net margin of 6.47%. The company had revenue of $15.72 billion during the quarter, compared to the consensus estimate of $15.83 billion. During the same period in the prior year, the company earned $0.90 earnings per share. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. As a group, analysts forecast that Raytheon Technologies Co. will post 4.77 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 16th. Investors of record on Friday, May 20th will be issued a dividend of $0.55 per share. The ex-dividend date is Thursday, May 19th. This is an increase from Raytheon Technologies’s previous quarterly dividend of $0.51. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.32%. Raytheon Technologies’s dividend payout ratio (DPR) is presently 73.12%.

Several analysts have issued reports on RTX shares. Wells Fargo & Company lowered their price objective on shares of Raytheon Technologies from $97.00 to $96.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 26th. Morgan Stanley increased their price objective on shares of Raytheon Technologies from $118.00 to $124.00 and gave the company an “overweight” rating in a research report on Wednesday, March 2nd. Wolfe Research raised their price target on shares of Raytheon Technologies from $110.00 to $111.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 16th. Argus raised their price target on shares of Raytheon Technologies from $100.00 to $112.00 in a research report on Wednesday. Finally, Cowen raised their price objective on Raytheon Technologies from $115.00 to $120.00 in a research note on Wednesday. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $107.94.

About Raytheon Technologies (Get Rating)

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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