2,900 Shares in Raytheon Technologies Co. (NYSE:RTX) Acquired by Enlightenment Research LLC

Enlightenment Research LLC purchased a new position in Raytheon Technologies Co. (NYSE:RTX) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,900 shares of the company’s stock, valued at approximately $224,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of RTX. Evolution Wealth Advisors LLC raised its holdings in shares of Raytheon Technologies by 88.1% in the 1st quarter. Evolution Wealth Advisors LLC now owns 348 shares of the company’s stock valued at $27,000 after purchasing an additional 163 shares in the last quarter. IronBridge Private Wealth LLC purchased a new position in Raytheon Technologies in the fourth quarter valued at $29,000. Disciplined Investments LLC raised its stake in Raytheon Technologies by 136.9% in the first quarter. Disciplined Investments LLC now owns 372 shares of the company’s stock valued at $29,000 after buying an additional 215 shares in the last quarter. Annapolis Financial Services LLC purchased a new stake in Raytheon Technologies during the 4th quarter worth about $30,000. Finally, Paradigm Strategies in Wealth Management LLC acquired a new position in shares of Raytheon Technologies during the 1st quarter worth about $30,000. Institutional investors own 78.40% of the company’s stock.

Shares of NYSE:RTX opened at $88.25 on Friday. Raytheon Technologies Co. has a fifty-two week low of $51.92 and a fifty-two week high of $89.98. The company has a current ratio of 1.17, a quick ratio of 0.91 and a debt-to-equity ratio of 0.41. The company has a 50-day moving average price of $83.43. The stock has a market capitalization of $133.71 billion, a P/E ratio of -49.30, a price-to-earnings-growth ratio of 1.65 and a beta of 1.46.

Raytheon Technologies (NYSE:RTX) last announced its quarterly earnings data on Monday, April 26th. The company reported $0.90 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.02. The company had revenue of $15.25 billion for the quarter, compared to analyst estimates of $15.27 billion. Raytheon Technologies had a positive return on equity of 5.54% and a negative net margin of 4.44%. The firm’s revenue for the quarter was up 34.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.78 EPS. As a group, sell-side analysts forecast that Raytheon Technologies Co. will post 3.71 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 17th. Shareholders of record on Friday, May 21st will be issued a $0.51 dividend. The ex-dividend date of this dividend is Thursday, May 20th. This represents a $2.04 dividend on an annualized basis and a yield of 2.31%. This is an increase from Raytheon Technologies’s previous quarterly dividend of $0.48. Raytheon Technologies’s dividend payout ratio (DPR) is 74.73%.

A number of equities analysts recently issued reports on the company. Credit Suisse Group upped their price target on Raytheon Technologies from $94.00 to $95.00 and gave the company an “outperform” rating in a report on Wednesday, May 19th. Wells Fargo & Company started coverage on shares of Raytheon Technologies in a research report on Tuesday, May 18th. They issued an “equal weight” rating and a $87.00 target price on the stock. Morgan Stanley boosted their price target on shares of Raytheon Technologies from $89.00 to $97.00 and gave the company an “overweight” rating in a research report on Wednesday, April 28th. Redburn Partners initiated coverage on Raytheon Technologies in a report on Thursday, May 13th. They set a “buy” rating on the stock. Finally, Susquehanna Bancshares boosted their target price on Raytheon Technologies from $91.00 to $97.00 and gave the company a “positive” rating in a report on Wednesday, April 28th. Four analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $90.33.

In related news, EVP Frank R. Jimenez sold 19,713 shares of the company’s stock in a transaction that occurred on Wednesday, April 28th. The stock was sold at an average price of $82.47, for a total value of $1,625,731.11. Following the sale, the executive vice president now owns 62,221 shares in the company, valued at approximately $5,131,365.87. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Michael R. Dumais sold 4,552 shares of Raytheon Technologies stock in a transaction on Monday, May 24th. The stock was sold at an average price of $86.27, for a total value of $392,701.04. Following the transaction, the executive vice president now directly owns 74,374 shares of the company’s stock, valued at $6,416,244.98. The disclosure for this sale can be found here. Insiders have sold a total of 25,665 shares of company stock worth $2,138,790 over the last 90 days. Insiders own 0.11% of the company’s stock.

Raytheon Technologies Profile

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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