WASHINGTON TRUST Co raised its holdings in shares of Raytheon Technologies Co. (NYSE:RTX) by 14.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 202,725 shares of the company’s stock after purchasing an additional 25,775 shares during the period. WASHINGTON TRUST Co’s holdings in Raytheon Technologies were worth $15,664,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Nippon Life Global Investors Americas Inc. bought a new stake in Raytheon Technologies during the fourth quarter valued at $22,904,000. Conning Inc. increased its stake in Raytheon Technologies by 3,042.0% during the first quarter. Conning Inc. now owns 661,302 shares of the company’s stock valued at $51,099,000 after purchasing an additional 640,255 shares during the last quarter. Allied Investment Advisors LLC increased its stake in Raytheon Technologies by 7.2% during the first quarter. Allied Investment Advisors LLC now owns 73,216 shares of the company’s stock valued at $5,657,000 after purchasing an additional 4,947 shares during the last quarter. Private Advisor Group LLC increased its stake in Raytheon Technologies by 13.7% during the first quarter. Private Advisor Group LLC now owns 174,559 shares of the company’s stock valued at $13,488,000 after purchasing an additional 20,988 shares during the last quarter. Finally, Coho Partners Ltd. bought a new stake in Raytheon Technologies during the fourth quarter valued at $213,000. Hedge funds and other institutional investors own 75.09% of the company’s stock.

NYSE:RTX opened at $84.14 on Tuesday. Raytheon Technologies Co. has a twelve month low of $51.13 and a twelve month high of $84.44. The company has a current ratio of 1.22, a quick ratio of 0.95 and a debt-to-equity ratio of 0.45. The company has a 50-day moving average of $78.75 and a 200-day moving average of $71.64. The firm has a market cap of $127.48 billion, a price-to-earnings ratio of -72.53, a price-to-earnings-growth ratio of 1.67 and a beta of 1.39.

Raytheon Technologies (NYSE:RTX) last posted its quarterly earnings data on Monday, April 26th. The company reported $0.90 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.02. Raytheon Technologies had a negative net margin of 3.77% and a positive return on equity of 8.35%. The company had revenue of $15.25 billion during the quarter, compared to analyst estimates of $15.27 billion. During the same quarter last year, the firm posted $1.78 EPS. The business’s revenue for the quarter was up 34.3% on a year-over-year basis. On average, research analysts forecast that Raytheon Technologies Co. will post 3.01 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 17th. Stockholders of record on Friday, May 21st will be given a dividend of $0.51 per share. This is a positive change from Raytheon Technologies’s previous quarterly dividend of $0.48. The ex-dividend date is Thursday, May 20th. This represents a $2.04 annualized dividend and a dividend yield of 2.42%. Raytheon Technologies’s dividend payout ratio (DPR) is 23.00%.

In other news, EVP Frank R. Jimenez sold 19,713 shares of the firm’s stock in a transaction dated Wednesday, April 28th. The shares were sold at an average price of $82.47, for a total transaction of $1,625,731.11. Following the completion of the transaction, the executive vice president now owns 62,221 shares in the company, valued at approximately $5,131,365.87. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.18% of the company’s stock.

Several equities analysts have recently issued reports on RTX shares. Susquehanna Bancshares boosted their price target on shares of Raytheon Technologies from $91.00 to $97.00 and gave the company a “positive” rating in a report on Wednesday, April 28th. Susquehanna boosted their price target on shares of Raytheon Technologies from $91.00 to $97.00 and gave the company a “positive” rating in a report on Wednesday, April 28th. Morgan Stanley boosted their price target on shares of Raytheon Technologies from $89.00 to $97.00 and gave the company an “overweight” rating in a report on Tuesday. Zacks Investment Research downgraded shares of Raytheon Technologies from a “buy” rating to a “hold” rating and set a $88.00 price target for the company. in a report on Friday. Finally, Wolfe Research started coverage on shares of Raytheon Technologies in a report on Thursday, April 15th. They set an “outperform” rating and a $97.00 price target for the company. Three research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $85.44.

About Raytheon Technologies

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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