Home Federal Bank of Tennessee Grows Stock Position in Raytheon Technologies Co. (NYSE:RTX)

Home Federal Bank of Tennessee boosted its position in Raytheon Technologies Co. (NYSE:RTXGet Rating) by 0.8% during the second quarter, Holdings Channel reports. The fund owned 37,906 shares of the company’s stock after acquiring an additional 297 shares during the period. Raytheon Technologies comprises 1.4% of Home Federal Bank of Tennessee’s holdings, making the stock its 7th biggest holding. Home Federal Bank of Tennessee’s holdings in Raytheon Technologies were worth $3,644,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in RTX. Successful Portfolios LLC lifted its stake in Raytheon Technologies by 1.9% in the first quarter. Successful Portfolios LLC now owns 5,075 shares of the company’s stock valued at $503,000 after buying an additional 97 shares during the period. Prosperity Consulting Group LLC increased its stake in Raytheon Technologies by 0.9% during the 1st quarter. Prosperity Consulting Group LLC now owns 11,290 shares of the company’s stock worth $1,118,000 after acquiring an additional 103 shares during the period. Beaird Harris Wealth Management LLC increased its stake in shares of Raytheon Technologies by 7.1% in the 1st quarter. Beaird Harris Wealth Management LLC now owns 1,655 shares of the company’s stock valued at $164,000 after purchasing an additional 109 shares during the last quarter. Naples Global Advisors LLC grew its position in Raytheon Technologies by 0.3% during the 1st quarter. Naples Global Advisors LLC now owns 36,950 shares of the company’s stock worth $3,661,000 after acquiring an additional 111 shares during the last quarter. Finally, NCM Capital Management LLC lifted its holdings in Raytheon Technologies by 1.5% during the 1st quarter. NCM Capital Management LLC now owns 7,514 shares of the company’s stock worth $744,000 after buying an additional 112 shares during the period. Institutional investors own 79.89% of the company’s stock.

Raytheon Technologies Stock Down 2.6 %

Raytheon Technologies stock traded down $2.21 during midday trading on Friday, reaching $81.24. The stock had a trading volume of 167,172 shares, compared to its average volume of 4,894,739. Raytheon Technologies Co. has a 12 month low of $79.00 and a 12 month high of $106.02. The company has a market capitalization of $119.95 billion, a P/E ratio of 27.91, a PEG ratio of 1.72 and a beta of 1.04. The company has a fifty day moving average price of $90.89 and a two-hundred day moving average price of $94.56. The company has a current ratio of 1.10, a quick ratio of 0.83 and a debt-to-equity ratio of 0.43.

Raytheon Technologies (NYSE:RTXGet Rating) last issued its earnings results on Tuesday, July 26th. The company reported $1.16 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 business had revenue of $16.31 billion during the quarter, compared to analyst estimates of $16.61 billion. During the same period in the previous year, the company posted $1.03 EPS. The firm’s revenue was up 2.7% compared to the same quarter last year. As a group, equities analysts expect that Raytheon Technologies Co. will post 4.71 EPS for the current fiscal year.

Analysts Set New Price Targets

RTX has been the topic of several recent research reports. StockNews.com raised Raytheon Technologies from a “hold” rating to a “buy” rating in a report on Thursday, August 4th. Vertical Research cut their target price on Raytheon Technologies to $120.00 and set an “outperform” rating on the stock in a report on Wednesday, July 27th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, Raytheon Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $114.10.

Raytheon Technologies Company 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.

See Also

Want to see what other hedge funds are holding RTX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Raytheon Technologies Co. (NYSE:RTXGet Rating).

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

Receive News & Ratings for Raytheon Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Raytheon Technologies and related companies with MarketBeat.com's FREE daily email newsletter.