Mark Sheptoff Financial Planning LLC Decreases Holdings in Raytheon Technologies Co. (NYSE:RTX)

Mark Sheptoff Financial Planning LLC lessened its stake in shares of Raytheon Technologies Co. (NYSE:RTX) by 6.2% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 2,029 shares of the company’s stock after selling 133 shares during the quarter. Mark Sheptoff Financial Planning LLC’s holdings in Raytheon Technologies were worth $173,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Hillsdale Investment Management Inc. purchased a new position in shares of Raytheon Technologies in the second quarter worth about $26,000. Moisand Fitzgerald Tamayo LLC grew its stake in Raytheon Technologies by 448.3% during the second quarter. Moisand Fitzgerald Tamayo LLC now owns 318 shares of the company’s stock valued at $27,000 after acquiring an additional 260 shares in the last quarter. Keel Point LLC purchased a new position in Raytheon Technologies during the second quarter valued at approximately $613,000. Harbour Investments Inc. purchased a new position in Raytheon Technologies during the first quarter valued at approximately $28,000. Finally, Disciplined Investments LLC grew its stake in Raytheon Technologies by 136.9% during the first quarter. Disciplined Investments LLC now owns 372 shares of the company’s stock valued at $29,000 after acquiring an additional 215 shares in the last quarter. Hedge funds and other institutional investors own 78.21% of the company’s stock.

Several equities research analysts have issued reports on the stock. Benchmark reiterated a “hold” rating on shares of Raytheon Technologies in a research report on Wednesday, August 25th. TheStreet upgraded shares of Raytheon Technologies from a “c+” rating to a “b-” rating in a research report on Tuesday, July 27th. Argus upgraded shares of Raytheon Technologies from a “hold” rating to a “buy” rating and set a $100.00 target price for the company in a research report on Thursday, July 29th. Morgan Stanley lifted their target price on shares of Raytheon Technologies from $97.00 to $110.00 and gave the company an “overweight” rating in a research report on Wednesday, August 11th. Finally, Susquehanna lifted their target price on shares of Raytheon Technologies from $97.00 to $105.00 and gave the company a “positive” rating in a research report on Wednesday, July 28th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Raytheon Technologies has a consensus rating of “Buy” and a consensus price target of $97.77.

In other news, insider Wesley D. Kremer sold 5,512 shares of the company’s stock in a transaction dated Wednesday, August 4th. The shares were sold at an average price of $86.82, for a total value of $478,551.84. Following the sale, the insider now directly owns 73,519 shares of the company’s stock, valued at approximately $6,382,919.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert Kelly Ortberg sold 60,000 shares of the company’s stock in a transaction dated Thursday, July 15th. The stock was sold at an average price of $85.10, for a total transaction of $5,106,000.00. Following the completion of the transaction, the director now owns 101,704 shares in the company, valued at approximately $8,655,010.40. The disclosure for this sale can be found here. 0.11% of the stock is currently owned by insiders.

Raytheon Technologies stock traded down $0.29 during mid-day trading on Tuesday, reaching $87.05. 108,604 shares of the company traded hands, compared to its average volume of 6,199,202. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.17 and a quick ratio of 0.90. The firm’s 50 day moving average price is $85.50 and its 200 day moving average price is $84.08. The firm has a market capitalization of $131.26 billion, a price-to-earnings ratio of 60.65, a P/E/G ratio of 1.56 and a beta of 1.45. Raytheon Technologies Co. has a 52-week low of $51.92 and a 52-week high of $89.98.

Raytheon Technologies (NYSE:RTX) last issued its quarterly earnings data on Monday, July 26th. The company reported $1.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.10. The business had revenue of $15.88 billion for the quarter, compared to the consensus estimate of $15.83 billion. Raytheon Technologies had a net margin of 3.51% and a return on equity of 6.80%. The company’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.39 EPS. On average, sell-side analysts anticipate that Raytheon Technologies Co. will post 4.04 EPS for the current year.

About Raytheon Technologies

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, Pratt and Whitney, Raytheon Intelligence and Space, and Raytheon Missiles and Defense.

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Institutional Ownership by Quarter for Raytheon Technologies (NYSE:RTX)

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