Mayflower Financial Advisors LLC Acquires 394 Shares of Raytheon Technologies Co. (NYSE:RTX)

Mayflower Financial Advisors LLC boosted its holdings in shares of Raytheon Technologies Co. (NYSE:RTXGet Rating) by 2.9% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 14,218 shares of the company’s stock after buying an additional 394 shares during the period. Mayflower Financial Advisors LLC’s holdings in Raytheon Technologies were worth $1,367,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in RTX. Stuart Chaussee & Associates Inc. raised its position in Raytheon Technologies by 135.5% during the first quarter. Stuart Chaussee & Associates Inc. now owns 259 shares of the company’s stock valued at $26,000 after purchasing an additional 149 shares in the last quarter. Nauset Wealth Management. LLC purchased a new stake in Raytheon Technologies during the first quarter valued at about $30,000. Steward Financial Group LLC raised its position 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 purchasing an additional 365 shares in the last quarter. Rational Advisors LLC raised its position in Raytheon Technologies by 56.5% during the first quarter. Rational Advisors LLC now owns 435 shares of the company’s stock valued at $43,000 after purchasing an additional 157 shares in the last quarter. Finally, Roble Belko & Company Inc raised its position in Raytheon Technologies by 111.5% during the first quarter. Roble Belko & Company Inc now owns 442 shares of the company’s stock valued at $44,000 after purchasing an additional 233 shares in the last quarter. Institutional investors own 79.89% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on RTX shares. Vertical Research lowered their price target on Raytheon Technologies to $120.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 27th. StockNews.com upgraded Raytheon Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, August 4th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $114.10.

Raytheon Technologies Trading Down 1.7 %

Shares of RTX traded down $1.42 during trading hours on Friday, hitting $82.03. The company had a trading volume of 6,715,511 shares, compared to its average volume of 5,507,599. Raytheon Technologies Co. has a 52-week low of $79.00 and a 52-week high of $106.02. The firm has a market cap of $121.12 billion, a P/E ratio of 27.91, a P/E/G ratio of 1.72 and a beta of 1.04. The company has a quick ratio of 0.83, a current ratio of 1.10 and a debt-to-equity ratio of 0.43. The stock’s 50 day moving average price is $90.89 and its 200 day moving average price is $94.56.

Raytheon Technologies (NYSE:RTXGet Rating) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $1.16 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $16.61 billion. During the same quarter in the previous year, the business earned $1.03 EPS. Raytheon Technologies’s revenue was up 2.7% compared to the same quarter last year. On average, research analysts predict that Raytheon Technologies Co. will post 4.71 EPS for the current year.

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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