Raytheon Technologies Co. (NYSE:RTX) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Raytheon Technologies Co. (NYSE:RTXGet Rating) have been assigned a consensus rating of “Moderate Buy” from the twelve analysts that are covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $108.50.

Several research firms recently commented on RTX. Royal Bank of Canada dropped their price objective on Raytheon Technologies from $107.00 to $102.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 26th. Vertical Research dropped their price objective on Raytheon Technologies to $120.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 27th. StockNews.com raised Raytheon Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, October 20th. Wolfe Research began coverage on Raytheon Technologies in a research report on Monday, October 10th. They set a “peer perform” rating on the stock. Finally, Morgan Stanley dropped their price objective on Raytheon Technologies from $124.00 to $119.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 26th.

Raytheon Technologies Trading Up 0.9 %

NYSE RTX opened at $95.36 on Monday. Raytheon Technologies has a 12 month low of $79.00 and a 12 month high of $106.02. The stock has a market cap of $140.19 billion, a P/E ratio of 31.79, a P/E/G ratio of 2.12 and a beta of 1.07. The stock’s fifty day moving average price is $88.34 and its 200-day moving average price is $91.39. The company has a current ratio of 1.09, a quick ratio of 0.82 and a debt-to-equity ratio of 0.43.

Raytheon Technologies (NYSE:RTXGet Rating) last released its earnings results on Tuesday, October 25th. The company reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.10. Raytheon Technologies had a return on equity of 9.36% and a net margin of 6.76%. The firm had revenue of $16.95 billion for the quarter, compared to analysts’ expectations of $17.25 billion. During the same period in the prior year, the firm posted $1.26 earnings per share. The company’s quarterly revenue was up 4.6% on a year-over-year basis. As a group, equities analysts forecast that Raytheon Technologies will post 4.76 EPS for the current fiscal year.

Raytheon Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Friday, November 18th will be paid a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 2.31%. The ex-dividend date of this dividend is Thursday, November 17th. Raytheon Technologies’s dividend payout ratio (DPR) is currently 73.33%.

Insider Transactions at Raytheon Technologies

In other news, insider Shane G. Eddy sold 3,343 shares of the firm’s stock in a transaction dated Thursday, November 3rd. The stock was sold at an average price of $95.53, for a total value of $319,356.79. Following the transaction, the insider now owns 24,176 shares of the company’s stock, valued at $2,309,533.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Dantaya M. Williams sold 1,206 shares of Raytheon Technologies stock in a transaction that occurred on Thursday, October 27th. The stock was sold at an average price of $92.01, for a total transaction of $110,964.06. Following the sale, the executive vice president now owns 10,596 shares of the company’s stock, valued at approximately $974,937.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shane G. Eddy sold 3,343 shares of Raytheon Technologies stock in a transaction that occurred on Thursday, November 3rd. The shares were sold at an average price of $95.53, for a total value of $319,356.79. Following the sale, the insider now directly owns 24,176 shares in the company, valued at approximately $2,309,533.28. The disclosure for this sale can be found here. Insiders have sold 6,246 shares of company stock valued at $590,280 over the last quarter. 0.11% of the stock is currently owned by company insiders.

Institutional Trading of Raytheon Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. FSC Wealth Advisors LLC purchased a new position in Raytheon Technologies during the 3rd quarter valued at approximately $25,000. McClarren Financial Advisors Inc. purchased a new position in shares of Raytheon Technologies in the 3rd quarter worth approximately $25,000. SJS Investment Consulting Inc. purchased a new position in shares of Raytheon Technologies in the 3rd quarter worth approximately $26,000. Private Ocean LLC boosted its holdings in shares of Raytheon Technologies by 65.3% in the 3rd quarter. Private Ocean LLC now owns 329 shares of the company’s stock worth $26,000 after purchasing an additional 130 shares during the period. Finally, Coston McIsaac & Partners purchased a new position in shares of Raytheon Technologies in the 2nd quarter worth approximately $31,000. Institutional investors own 79.89% of the company’s stock.

About Raytheon Technologies

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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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Analyst Recommendations for Raytheon Technologies (NYSE:RTX)

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