Calton & Associates Inc. Reduces Stock Position in Raytheon Technologies Co. (NYSE:RTX) #Calton #Associates #Reduces #Stock #Position #Raytheon #Technologies #NYSERTX Welcome to Americanah Blog, here is the new story we have for you today:
Calton & Associates Inc. lessened its stake in shares of Raytheon Technologies Co. (NYSE:RTX – Get Rating) by 35.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,260 shares of the company’s stock after selling 1,232 shares during the quarter. Calton & Associates Inc.’s holdings in Raytheon Technologies were worth $217,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Stuart Chaussee & Associates Inc. grew its holdings in Raytheon Technologies by 135.5% in the 1st quarter. Stuart Chaussee & Associates Inc. now owns 259 shares of the company’s stock valued at $26,000 after buying an additional 149 shares during the period. Nauset Wealth Management. LLC purchased a new stake in Raytheon Technologies in the 1st quarter valued at about $30,000. Steward Financial Group LLC grew its holdings in Raytheon Technologies by 760.4% in the 1st quarter. Steward Financial Group LLC now owns 413 shares of the company’s stock valued at $40,000 after buying an additional 365 shares during the period. Rational Advisors LLC grew its holdings in Raytheon Technologies by 56.5% in the 1st quarter. Rational Advisors LLC now owns 435 shares of the company’s stock valued at $43,000 after buying an additional 157 shares during the period. Finally, Roble Belko & Company Inc grew its holdings in Raytheon Technologies by 111.5% in the 1st quarter. Roble Belko & Company Inc now owns 442 shares of the company’s stock valued at $44,000 after buying an additional 233 shares during the period. Hedge funds and other institutional investors own 79.89% of the company’s stock.
Analyst Ratings Changes
Several research firms have recently weighed in on RTX. StockNews.com raised Raytheon Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, August 4th. Vertical Research reduced their price objective on 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 stock. According to MarketBeat.com, Raytheon Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $114.10.
Raytheon Technologies Stock Performance
Raytheon Technologies stock opened at $84.32 on Thursday. The stock’s 50 day moving average price is $91.03 and its 200 day moving average price is $94.67. The firm has a market capitalization of $124.50 billion, a PE ratio of 28.20, a price-to-earnings-growth ratio of 1.73 and a beta of 1.04. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.83 and a current ratio of 1.10. Raytheon Technologies Co. has a one year low of $79.00 and a one year high of $106.02.
Raytheon Technologies (NYSE:RTX – Get Rating) last released its quarterly earnings results on Tuesday, July 26th. The company reported $1.16 EPS for the quarter, topping the consensus estimate of $1.12 by $0.04. The firm had revenue of $16.31 billion for the quarter, compared to analyst estimates of $16.61 billion. Raytheon Technologies had a return on equity of 9.48% and a net margin of 6.84%. Raytheon Technologies’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.03 EPS. As a group, sell-side analysts expect that Raytheon Technologies Co. will post 4.71 EPS for the current fiscal year.
About Raytheon Technologies
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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