Mayflower Financial Advisors LLC Buys 394 Shares of Raytheon Technologies Co. (NYSE:RTX)

Mayflower Financial Advisors LLC raised its stake in Raytheon Technologies Co. (NYSE:RTXGet Rating) by 2.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,218 shares of the company’s stock after buying an additional 394 shares during the period. Mayflower Financial Advisors LLC’s holdings in Raytheon Technologies were worth $1,367,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. PFS Investments Inc. boosted its position in shares of Raytheon Technologies by 7.7% during the 1st quarter. PFS Investments Inc. now owns 136,922 shares of the company’s stock valued at $13,565,000 after purchasing an additional 9,740 shares in the last quarter. Garrett Investment Advisors LLC boosted its position in shares of Raytheon Technologies by 6.6% during the 1st quarter. Garrett Investment Advisors LLC now owns 4,714 shares of the company’s stock valued at $467,000 after purchasing an additional 290 shares in the last quarter. EP Wealth Advisors LLC bought a new stake in shares of Raytheon Technologies during the 1st quarter valued at about $41,011,000. GW&K Investment Management LLC bought a new stake in shares of Raytheon Technologies during the 1st quarter valued at about $47,000. Finally, Addison Capital Co boosted its position in shares of Raytheon Technologies by 39.5% during the 1st quarter. Addison Capital Co now owns 5,180 shares of the company’s stock valued at $513,000 after purchasing an additional 1,467 shares in the last quarter. Institutional investors own 79.89% of the company’s stock.

Raytheon Technologies Stock Down 1.7 %

Shares of Raytheon Technologies stock traded down $1.42 on Friday, hitting $82.03. The company had a trading volume of 6,715,511 shares, compared to its average volume of 5,507,599. The stock has a market capitalization of $121.12 billion, a price-to-earnings ratio of 27.91, a P/E/G ratio of 1.72 and a beta of 1.04. Raytheon Technologies Co. has a 1 year low of $79.00 and a 1 year high of $106.02. The stock has a 50 day moving average of $90.89 and a 200-day moving average of $94.56. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.83 and a current ratio of 1.10.

Raytheon Technologies (NYSE:RTXGet Rating) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $1.16 EPS for the quarter, topping the consensus estimate of $1.12 by $0.04. The firm had revenue of $16.31 billion during the quarter, compared to the consensus estimate of $16.61 billion. Raytheon Technologies had a return on equity of 9.48% and a net margin of 6.84%. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.03 earnings per share. As a group, sell-side analysts forecast that Raytheon Technologies Co. will post 4.71 earnings per share for the current year.

Analysts Set New Price Targets

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

Raytheon Technologies Profile

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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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