Uncommon Cents Investing LLC Has $5.47 Million Position in Raytheon Technologies Co. (NYSE:RTX)

Uncommon Cents Investing LLC decreased its stake in shares of Raytheon Technologies Co. (NYSE:RTXGet Rating) by 0.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 56,872 shares of the company’s stock after selling 305 shares during the quarter. Raytheon Technologies comprises approximately 2.2% of Uncommon Cents Investing LLC’s investment portfolio, making the stock its 10th largest holding. Uncommon Cents Investing LLC’s holdings in Raytheon Technologies were worth $5,466,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. HB Wealth Management LLC grew its position in shares of Raytheon Technologies by 14.3% during the 2nd quarter. HB Wealth Management LLC now owns 89,147 shares of the company’s stock worth $8,568,000 after buying an additional 11,147 shares during the period. Regent Investment Management LLC grew its position in Raytheon Technologies by 1.2% in the 2nd quarter. Regent Investment Management LLC now owns 45,975 shares of the company’s stock valued at $4,419,000 after purchasing an additional 555 shares during the period. StrongBox Wealth LLC grew its position in Raytheon Technologies by 2.7% in the 2nd quarter. StrongBox Wealth LLC now owns 11,464 shares of the company’s stock valued at $1,102,000 after purchasing an additional 304 shares during the period. Ritholtz Wealth Management grew its position in Raytheon Technologies by 12.8% in the 2nd quarter. Ritholtz Wealth Management now owns 17,721 shares of the company’s stock valued at $1,703,000 after purchasing an additional 2,013 shares during the period. Finally, Gilman Hill Asset Management LLC grew its position in Raytheon Technologies by 80.9% in the 2nd quarter. Gilman Hill Asset Management LLC now owns 5,591 shares of the company’s stock valued at $537,000 after purchasing an additional 2,500 shares during the period. Institutional investors and hedge funds own 79.89% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on RTX. 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 report on Wednesday, July 27th. StockNews.com raised shares of Raytheon Technologies from a “hold” rating to a “buy” rating in a report on Thursday, August 4th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $114.10.

Raytheon Technologies Stock Performance

Shares of NYSE RTX traded down $2.03 during mid-day trading on Friday, reaching $81.42. 134,535 shares of the company’s stock were exchanged, compared to its average volume of 4,894,739. The firm has a market capitalization of $120.22 billion, a price-to-earnings ratio of 27.91, a price-to-earnings-growth ratio of 1.72 and a beta of 1.04. Raytheon Technologies Co. has a 52 week low of $79.00 and a 52 week high of $106.02. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.10 and a quick ratio of 0.83. The firm has a 50-day moving average price of $90.89 and a two-hundred day moving average price of $94.56.

Raytheon Technologies (NYSE:RTXGet Rating) last released its earnings results on Tuesday, July 26th. The company reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.04. Raytheon Technologies had a return on equity of 9.48% and a net margin of 6.84%. The company had revenue of $16.31 billion for the quarter, compared to analysts’ expectations of $16.61 billion. During the same period in the previous year, the business posted $1.03 EPS. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. Analysts predict that Raytheon Technologies Co. will post 4.71 EPS for the current year.

About Raytheon Technologies

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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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