Signature Wealth Management Partners LLC Sells 1,512 Shares of Raytheon Technologies Co. (NYSE:RTX)

Signature Wealth Management Partners LLC decreased its stake in Raytheon Technologies Co. (NYSE:RTXGet Rating) by 14.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,037 shares of the company’s stock after selling 1,512 shares during the period. Signature Wealth Management Partners LLC’s holdings in Raytheon Technologies were worth $895,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in RTX. Shore Point Advisors LLC acquired a new stake in shares of Raytheon Technologies during the fourth quarter worth $25,000. Stuart Chaussee & Associates Inc. lifted its stake in shares of Raytheon Technologies by 135.5% in the first quarter. Stuart Chaussee & Associates Inc. now owns 259 shares of the company’s stock valued at $26,000 after buying an additional 149 shares in the last quarter. Nauset Wealth Management. LLC bought a new stake in Raytheon Technologies in the first quarter worth about $30,000. Arcadia Investment Management Corp MI purchased a new position in shares of Raytheon Technologies in the fourth quarter worth about $37,000. Finally, Steward Financial Group LLC grew its stake in Raytheon Technologies by 760.4% during the first quarter. Steward Financial Group LLC now owns 413 shares of the company’s stock valued at $40,000 after acquiring an additional 365 shares in the last quarter. Institutional investors own 79.56% of the company’s stock.

Raytheon Technologies Trading Up 1.0 %

Shares of RTX traded up $0.93 during midday trading on Monday, reaching $95.94. The company had a trading volume of 93,678 shares, compared to its average volume of 5,591,014. Raytheon Technologies Co. has a 1-year low of $79.00 and a 1-year high of $106.02. The stock has a market cap of $141.66 billion, a PE ratio of 31.78, a price-to-earnings-growth ratio of 1.95 and a beta of 1.04. The firm has a 50 day simple moving average of $93.49 and a 200-day simple moving average of $95.74. The company has a quick ratio of 0.83, a current ratio of 1.10 and a debt-to-equity ratio of 0.43.

Raytheon Technologies (NYSE:RTXGet Rating) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.04. The firm had revenue of $16.31 billion during the quarter, compared to the consensus estimate of $16.61 billion. Raytheon Technologies had a return on equity of 9.48% and a net margin of 6.84%. The company’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period last year, the company earned $1.03 EPS. Research analysts forecast that Raytheon Technologies Co. will post 4.68 EPS for the current fiscal year.

Raytheon Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 8th. Investors of record on Friday, August 19th will be given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend is Thursday, August 18th. Raytheon Technologies’s payout ratio is 73.58%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on RTX. StockNews.com upgraded shares of Raytheon Technologies from a “hold” rating to a “buy” rating in a report on Thursday, August 4th. Argus increased their price target on shares of Raytheon Technologies from $100.00 to $112.00 in a research note on Wednesday, April 27th. Cowen raised their price objective on shares of Raytheon Technologies from $115.00 to $120.00 in a research note on Wednesday, April 27th. Cowen raised their price objective on shares of Raytheon Technologies from $115.00 to $120.00 in a research note on Wednesday, April 27th. Finally, Vertical Research reduced their price target on shares of Raytheon Technologies to $120.00 and set an “outperform” rating for the company in a research note on Wednesday, July 27th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $114.10.

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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