Fulton Bank N.A. boosted its position in shares of Raytheon Technologies Co. (NYSE:RTX) by 14.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,659 shares of the company’s stock after acquiring an additional 2,136 shares during the period. Fulton Bank N.A.’s holdings in Raytheon Technologies were worth $1,288,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of RTX. Chemung Canal Trust Co. increased its holdings in shares of Raytheon Technologies by 407.4% in the first quarter. Chemung Canal Trust Co. now owns 64,140 shares of the company’s stock worth $4,957,000 after purchasing an additional 51,500 shares during the period. Private Asset Management Inc. grew its position in Raytheon Technologies by 3.4% during the first quarter. Private Asset Management Inc. now owns 178,595 shares of the company’s stock worth $13,800,000 after buying an additional 5,943 shares in the last quarter. Renaissance Investment Group LLC increased its stake in Raytheon Technologies by 6.1% in the 1st quarter. Renaissance Investment Group LLC now owns 86,614 shares of the company’s stock worth $6,693,000 after acquiring an additional 4,986 shares during the last quarter. Cacti Asset Management LLC increased its stake in Raytheon Technologies by 7.6% in the 1st quarter. Cacti Asset Management LLC now owns 291,312 shares of the company’s stock worth $22,510,000 after acquiring an additional 20,507 shares during the last quarter. Finally, Bard Financial Services Inc. purchased a new stake in shares of Raytheon Technologies in the 4th quarter valued at about $1,974,000. 75.09% of the stock is currently owned by institutional investors and hedge funds.

Raytheon Technologies stock traded down $0.70 during trading hours on Thursday, reaching $76.90. The company had a trading volume of 8,522 shares, compared to its average volume of 7,458,377. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.22 and a quick ratio of 0.95. Raytheon Technologies Co. has a 12-month low of $51.13 and a 12-month high of $80.06. The company has a 50-day moving average price of $76.13 and a 200 day moving average price of $68.97. The firm has a market cap of $116.85 billion, a price-to-earnings ratio of -66.90, a P/E/G ratio of 1.67 and a beta of 1.39.

Raytheon Technologies (NYSE:RTX) last issued its earnings results on Monday, January 25th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.05. The firm had revenue of $16.42 billion for the quarter, compared to analysts’ expectations of $16.07 billion. Raytheon Technologies had a negative net margin of 3.77% and a positive return on equity of 8.35%. The business’s revenue was down 1.0% on a year-over-year basis. During the same quarter last year, the business earned $1.16 earnings per share. As a group, research analysts expect that Raytheon Technologies Co. will post 3.01 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 25th. Shareholders of record on Friday, February 26th were given a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date of this dividend was Thursday, February 25th. Raytheon Technologies’s payout ratio is 23.00%.

RTX has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of Raytheon Technologies from a “sell” rating to a “hold” rating and set a $72.00 price objective on the stock in a research report on Friday, January 29th. DZ Bank upgraded shares of Raytheon Technologies from a “hold” rating to a “buy” rating and set a $86.00 price objective on the stock in a research report on Thursday, December 17th. Finally, JPMorgan Chase & Co. upped their target price on shares of Raytheon Technologies from $79.00 to $85.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 15th. Three investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $78.12.

Raytheon Technologies 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.

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

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