Monterey Private Wealth Inc. Sells 198 Shares of Raytheon Technologies Co. (NYSE:RTX)


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Monterey Private Wealth Inc. lowered its holdings in shares of Raytheon Technologies Co. (NYSE:RTX) by 2.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,040 shares of the company’s stock after selling 198 shares during the quarter. Monterey Private Wealth Inc.’s holdings in Raytheon Technologies were worth $570,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Evolution Wealth Advisors LLC lifted 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 worth $27,000 after acquiring an additional 163 shares during the last quarter. IronBridge Private Wealth LLC purchased a new position in Raytheon Technologies in the 4th quarter worth about $29,000. Annapolis Financial Services LLC purchased a new position in Raytheon Technologies in the 4th quarter worth about $30,000. JJJ Advisors Inc. increased its stake in Raytheon Technologies by 52.5% in the 4th quarter. JJJ Advisors Inc. now owns 453 shares of the company’s stock worth $32,000 after buying an additional 156 shares during the period. Finally, SOA Wealth Advisors LLC. purchased a new position in Raytheon Technologies in the 4th quarter worth about $33,000. Hedge funds and other institutional investors own 75.09% of the company’s stock.

Shares of NYSE:RTX traded down $0.54 during trading on Tuesday, hitting $83.60. 77,727 shares of the stock traded hands, compared to its average volume of 7,299,329. The company has a quick ratio of 0.95, a current ratio of 1.22 and a debt-to-equity ratio of 0.45. The company has a market cap of $126.66 billion, a price-to-earnings ratio of -72.53, a P/E/G ratio of 1.67 and a beta of 1.39. The company has a fifty day moving average price of $78.75 and a two-hundred day moving average price of $71.64. Raytheon Technologies Co. has a 52-week low of $51.13 and a 52-week high of $84.44.

Raytheon Technologies (NYSE:RTX) last issued its quarterly earnings results on Monday, April 26th. The company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.88 by $0.02. The company had revenue of $15.25 billion during the quarter, compared to analyst estimates of $15.27 billion. Raytheon Technologies had a negative net margin of 3.77% and a positive return on equity of 8.35%. The firm’s revenue was up 34.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.78 EPS. On average, equities research analysts predict that Raytheon Technologies Co. will post 3.01 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 17th. Investors of record on Friday, May 21st will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 2.44%. The ex-dividend date is Thursday, May 20th. This is a positive change from Raytheon Technologies’s previous quarterly dividend of $0.48. Raytheon Technologies’s payout ratio is presently 23.00%.

A number of research firms have commented on RTX. Credit Suisse Group raised their target price on shares of Raytheon Technologies from $81.00 to $90.00 and gave the company an “outperform” rating in a research report on Tuesday, April 20th. LADENBURG THALM/SH SH raised shares of Raytheon Technologies from a “neutral” rating to a “buy” rating and set a $100.00 target price on the stock in a research report on Monday. Susquehanna Bancshares lifted their price objective on shares of Raytheon Technologies from $91.00 to $97.00 and gave the stock a “positive” rating in a research report on Wednesday, April 28th. Susquehanna lifted their price objective on shares of Raytheon Technologies from $91.00 to $97.00 and gave the stock a “positive” rating in a research report on Wednesday, April 28th. Finally, Wolfe Research started coverage on shares of Raytheon Technologies in a research report on Thursday, April 15th. They issued an “outperform” rating and a $97.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $85.44.

In other news, EVP Frank R. Jimenez sold 19,713 shares of the company’s stock in a transaction on Wednesday, April 28th. The shares were sold at an average price of $82.47, for a total transaction of $1,625,731.11. Following the completion of the sale, the executive vice president now owns 62,221 shares of the company’s stock, valued at $5,131,365.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.18% of the stock is owned by corporate insiders.

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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