Home Federal Bank of Tennessee boosted its position in Raytheon Technologies Co. (NYSE:RTX – Get 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.
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
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.
- Get a free copy of the StockNews.com research report on Raytheon Technologies (RTX)
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