Meadow Creek Wealth Advisors LLC Has $475,000 Position in Raytheon Technologies Co. (NYSE:RTX)

Meadow Creek Wealth Advisors LLC reduced its stake in shares of Raytheon Technologies Co. (NYSE:RTXGet Rating) by 21.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,799 shares of the company’s stock after selling 1,284 shares during the quarter. Meadow Creek Wealth Advisors LLC’s holdings in Raytheon Technologies were worth $475,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Balyasny Asset Management LLC lifted its stake in Raytheon Technologies by 332.7% in the third quarter. Balyasny Asset Management LLC now owns 1,595,475 shares of the company’s stock valued at $137,147,000 after acquiring an additional 1,226,786 shares during the last quarter. Man Group plc lifted its stake in Raytheon Technologies by 6.4% in the third quarter. Man Group plc now owns 15,095 shares of the company’s stock valued at $1,297,000 after acquiring an additional 913 shares during the last quarter. Atria Investments LLC lifted its stake in Raytheon Technologies by 3.4% in the third quarter. Atria Investments LLC now owns 86,437 shares of the company’s stock valued at $7,430,000 after acquiring an additional 2,802 shares during the last quarter. Cetera Advisor Networks LLC lifted its stake in Raytheon Technologies by 0.8% in the third quarter. Cetera Advisor Networks LLC now owns 97,327 shares of the company’s stock valued at $8,366,000 after acquiring an additional 815 shares during the last quarter. Finally, Cetera Advisors LLC lifted its stake in Raytheon Technologies by 16.1% in the third quarter. Cetera Advisors LLC now owns 66,497 shares of the company’s stock valued at $5,716,000 after acquiring an additional 9,234 shares during the last quarter. Institutional investors and hedge funds own 79.56% of the company’s stock.

RTX has been the subject of a number of analyst reports. Barclays lifted their target price on shares of Raytheon Technologies from $100.00 to $107.00 and gave the company an “overweight” rating in a research note on Thursday, March 10th. Royal Bank of Canada initiated coverage on shares of Raytheon Technologies in a research report on Friday, April 8th. They issued an “outperform” rating and a $125.00 price target on the stock. Cowen lifted their price target on shares of Raytheon Technologies from $115.00 to $120.00 in a research report on Wednesday, April 27th. Argus lifted their price target on shares of Raytheon Technologies from $100.00 to $112.00 in a research report on Wednesday, April 27th. Finally, Cowen lifted their price target on shares of Raytheon Technologies from $115.00 to $120.00 in a research report on Wednesday, April 27th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Raytheon Technologies currently has an average rating of “Moderate Buy” and an average price target of $111.91.

Shares of RTX stock opened at $92.56 on Thursday. Raytheon Technologies Co. has a 1 year low of $79.00 and a 1 year high of $106.02. The firm’s fifty day simple moving average is $95.60 and its 200 day simple moving average is $94.01. The firm has a market capitalization of $137.66 billion, a P/E ratio of 33.18, a price-to-earnings-growth ratio of 1.85 and a beta of 1.18. The company has a current ratio of 1.16, a quick ratio of 0.88 and a debt-to-equity ratio of 0.42.

Raytheon Technologies (NYSE:RTXGet Rating) last announced its earnings results on Tuesday, April 26th. The company reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.14. Raytheon Technologies had a net margin of 6.47% and a return on equity of 9.24%. The business had revenue of $15.72 billion for the quarter, compared to analyst estimates of $15.83 billion. During the same quarter in the previous year, the firm posted $0.90 earnings per share. Raytheon Technologies’s revenue was up 3.0% compared to the same quarter last year. Equities research analysts anticipate that Raytheon Technologies Co. will post 4.77 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 8th. Investors of record on Friday, August 19th will be given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date is Thursday, August 18th. Raytheon Technologies’s dividend payout ratio (DPR) is currently 78.85%.

Raytheon Technologies Profile (Get Rating)

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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