Vigilare Wealth Management Sells 1,790 Shares of Raytheon Technologies Co. (NYSE:RTX)

Vigilare Wealth Management lowered its stake in shares of Raytheon Technologies Co. (NYSE:RTX – Get Rating) by 11.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,431 shares of the company’s stock after selling 1,790 shares during the quarter. Raytheon Technologies comprises approximately 0.8% of Vigilare Wealth Management’s holdings, making the stock its 20th largest holding. Vigilare Wealth Management’s holdings in Raytheon Technologies were worth $1,355,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of RTX. Vanguard Group Inc. increased its holdings in Raytheon Technologies by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 123,174,905 shares of the company’s stock valued at $10,083,098,000 after buying an additional 760,968 shares during the period. Capital World Investors increased its holdings in Raytheon Technologies by 32.8% in the 1st quarter. Capital World Investors now owns 9,130,557 shares of the company’s stock valued at $904,564,000 after buying an additional 2,256,475 shares during the period. Alliancebernstein L.P. increased its holdings in Raytheon Technologies by 0.5% in the 3rd quarter. Alliancebernstein L.P. now owns 9,102,540 shares of the company’s stock valued at $745,134,000 after buying an additional 42,111 shares during the period. Fisher Asset Management LLC boosted its stake in shares of Raytheon Technologies by 2.0% in the 3rd quarter. Fisher Asset Management LLC now owns 8,575,180 shares of the company’s stock valued at $701,964,000 after purchasing an additional 165,006 shares in the last quarter. Finally, Legal & General Group Plc boosted its stake in shares of Raytheon Technologies by 2.0% in the 2nd quarter. Legal & General Group Plc now owns 8,070,171 shares of the company’s stock valued at $775,626,000 after purchasing an additional 160,953 shares in the last quarter. Institutional investors own 78.83% of the company’s stock.

Insider Activity at Raytheon Technologies

In other Raytheon Technologies news, VP Amy L. Johnson sold 3,622 shares of the company’s stock in a transaction that occurred on Tuesday, February 28th. The shares were sold at an average price of $98.55, for a total value of $356,948.10. Following the completion of the sale, the vice president now owns 4,061 shares of the company’s stock, valued at $400,211.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.11% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on RTX shares. JPMorgan Chase & Co. boosted their target price on shares of Raytheon Technologies from $102.00 to $107.00 and gave the company an “overweight” rating in a research note on Monday, December 12th. Royal Bank of Canada boosted their target price on shares of Raytheon Technologies from $107.00 to $110.00 in a research note on Wednesday, January 25th. StockNews.com started coverage on shares of Raytheon Technologies in a research note on Thursday. They issued a “buy” rating on the stock. Wells Fargo & Company boosted their target price on shares of Raytheon Technologies from $96.00 to $107.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 25th. Finally, The Goldman Sachs Group downgraded shares of Raytheon Technologies from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $115.00 to $105.00 in a research report on Friday, January 13th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Raytheon Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $111.17.

Raytheon Technologies Stock Performance

Raytheon Technologies stock opened at $95.75 on Friday. The company has a current ratio of 1.09, a quick ratio of 0.81 and a debt-to-equity ratio of 0.41. Raytheon Technologies Co. has a 1 year low of $80.27 and a 1 year high of $108.84. The company has a market cap of $140.10 billion, a PE ratio of 27.36, a PEG ratio of 2.36 and a beta of 1.00. The company’s 50-day moving average is $98.62 and its two-hundred day moving average is $94.52.

Raytheon Technologies (NYSE:RTX – Get Rating) last released its earnings results on Tuesday, January 24th. The company reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.03. Raytheon Technologies had a net margin of 7.75% and a return on equity of 9.73%. The company had revenue of $18.09 billion for the quarter, compared to the consensus estimate of $18.16 billion. During the same period in the prior year, the company posted $1.08 EPS. The company’s revenue was up 6.2% compared to the same quarter last year. Equities analysts anticipate that Raytheon Technologies Co. will post 5 earnings per share for the current year.

Raytheon Technologies declared that its Board of Directors has initiated a stock repurchase plan on Monday, December 12th that permits the company to repurchase $6.00 billion in shares. This repurchase authorization permits the company to buy up to 4.1% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its shares are undervalued.

Raytheon Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 23rd. Shareholders of record on Friday, February 24th will be given a dividend of $0.55 per share. The ex-dividend date is Thursday, February 23rd. This represents a $2.20 dividend on an annualized basis and a yield of 2.30%. Raytheon Technologies’s payout ratio is presently 62.86%.

Raytheon Technologies Company Profile

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Raytheon Technologies Corp. is an aerospace and defense company, which engages in the provision of aerospace and defense systems and services for commercial, military, and government customers. It operates through the following segments: Collins Aerospace Systems (Collins), Pratt and Whitney, Raytheon Intelligence and Space (RIS), and Raytheon Missiles and Defense (RMD).