B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Raytheon Technologies Co. (NYSE:RTX) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 32,642 shares of the company’s stock, valued at approximately $2,329,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Dodge & Cox raised its position in shares of Raytheon Technologies by 29.0% during the 4th quarter. Dodge & Cox now owns 39,109,917 shares of the company’s stock worth $2,796,750,000 after purchasing an additional 8,787,122 shares during the last quarter. Morgan Stanley raised its holdings in Raytheon Technologies by 6.0% in the 4th quarter. Morgan Stanley now owns 22,214,052 shares of the company’s stock valued at $1,588,525,000 after acquiring an additional 1,254,307 shares during the last quarter. Clearbridge Investments LLC raised its holdings in Raytheon Technologies by 1.7% in the 4th quarter. Clearbridge Investments LLC now owns 21,713,023 shares of the company’s stock valued at $1,552,698,000 after acquiring an additional 361,989 shares during the last quarter. Norges Bank acquired a new stake in Raytheon Technologies in the 4th quarter valued at about $1,089,275,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in Raytheon Technologies by 0.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 13,383,926 shares of the company’s stock valued at $957,083,000 after acquiring an additional 42,153 shares during the last quarter. Hedge funds and other institutional investors own 75.09% of the company’s stock.
A number of research firms have commented on RTX. JPMorgan Chase & Co. increased their price objective on shares of Raytheon Technologies from $79.00 to $85.00 and gave the company an “overweight” rating in a report on Tuesday, December 15th. Zacks Investment Research upgraded shares of Raytheon Technologies from a “sell” rating to a “hold” rating and set a $72.00 price objective for the company in a report on Friday, January 29th. Finally, DZ Bank upgraded shares of Raytheon Technologies from a “hold” rating to a “buy” rating and set a $86.00 price objective for the company in a report on Thursday, December 17th. Three equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $78.12.
Raytheon Technologies (NYSE:RTX) last posted its quarterly earnings data on Monday, January 25th. The company reported $0.74 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.05. The firm had revenue of $16.42 billion during the quarter, compared to analysts’ expectations of $16.07 billion. Raytheon Technologies had a negative net margin of 3.77% and a positive return on equity of 8.35%. The firm’s quarterly revenue was down 1.0% on a year-over-year basis. During the same quarter last year, the company posted $1.16 EPS. Research analysts forecast that Raytheon Technologies Co. will post 3.01 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 25th. Shareholders of record on Friday, February 26th were issued a dividend of $0.475 per share. The ex-dividend date of this dividend was Thursday, February 25th. This represents a $1.90 dividend on an annualized basis and a yield of 2.45%. Raytheon Technologies’s dividend payout ratio (DPR) is presently 23.00%.
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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