Mercer Global Advisors Inc. ADV Boosts Stake in Raytheon Technologies Co. (NYSE:RTX)

Mercer Global Advisors Inc. ADV lifted its stake in Raytheon Technologies Co. (NYSE:RTXGet Rating) by 4.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 152,731 shares of the company’s stock after purchasing an additional 6,450 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Raytheon Technologies were worth $13,144,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of RTX. Fortis Advisors LLC bought a new stake in shares of Raytheon Technologies in the 3rd quarter worth approximately $32,000. Benjamin Edwards Inc. bought a new stake in shares of Raytheon Technologies in the 3rd quarter worth approximately $35,000. Bellwether Advisors LLC boosted its position in shares of Raytheon Technologies by 72.0% in the 3rd quarter. Bellwether Advisors LLC now owns 466 shares of the company’s stock worth $40,000 after purchasing an additional 195 shares in the last quarter. Bell Investment Advisors Inc bought a new stake in shares of Raytheon Technologies in the 3rd quarter worth approximately $43,000. Finally, Sawyer & Company Inc boosted its position in shares of Raytheon Technologies by 122.4% in the 3rd quarter. Sawyer & Company Inc now owns 545 shares of the company’s stock worth $47,000 after purchasing an additional 300 shares in the last quarter. 78.57% of the stock is currently owned by hedge funds and other institutional investors.

In other Raytheon Technologies news, Director Tracy A. Atkinson sold 5,340 shares of the stock in a transaction on Friday, February 18th. The stock was sold at an average price of $93.63, for a total value of $499,984.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Wesley D. Kremer sold 15,083 shares of the stock in a transaction on Thursday, February 17th. The stock was sold at an average price of $93.92, for a total value of $1,416,595.36. The disclosure for this sale can be found here. Insiders sold a total of 34,749 shares of company stock valued at $3,344,416 over the last 90 days. 0.11% of the stock is currently owned by company insiders.

A number of analysts have recently commented on the company. Robert W. Baird boosted their price target on Raytheon Technologies from $100.00 to $106.00 in a research report on Wednesday, January 26th. Barclays upped their price objective on Raytheon Technologies from $100.00 to $107.00 and gave the company an “overweight” rating in a research report on Thursday, March 10th. StockNews.com began coverage on Raytheon Technologies in a research report on Thursday, March 31st. They issued a “buy” rating on the stock. Wolfe Research upped their price objective on Raytheon Technologies from $110.00 to $111.00 and gave the company an “outperform” rating in a research report on Wednesday, February 16th. Finally, Wells Fargo & Company lowered their price objective on Raytheon Technologies from $97.00 to $96.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 26th. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $105.36.

Shares of NYSE:RTX traded up $0.53 during midday trading on Tuesday, hitting $104.83. The company had a trading volume of 43,965 shares, compared to its average volume of 6,443,550. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.19 and a quick ratio of 0.93. The company has a market cap of $156.22 billion, a price-to-earnings ratio of 40.58, a PEG ratio of 2.14 and a beta of 1.24. Raytheon Technologies Co. has a 12-month low of $76.07 and a 12-month high of $105.46. The company has a fifty day moving average of $98.64 and a two-hundred day moving average of $91.83.

Raytheon Technologies (NYSE:RTXGet Rating) last posted its quarterly earnings data on Tuesday, January 25th. The company reported $1.08 EPS for the quarter, topping the consensus estimate of $1.01 by $0.07. The firm had revenue of $17.04 billion during the quarter, compared to analyst estimates of $17.28 billion. Raytheon Technologies had a return on equity of 8.78% and a net margin of 6.00%. Raytheon Technologies’s revenue was up 3.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.74 EPS. Research analysts expect that Raytheon Technologies Co. will post 4.79 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 24th. Stockholders of record on Friday, February 25th were paid a $0.51 dividend. The ex-dividend date of this dividend was Thursday, February 24th. This represents a $2.04 annualized dividend and a dividend yield of 1.95%. Raytheon Technologies’s dividend payout ratio (DPR) is 79.38%.

Raytheon Technologies Company Profile (Get Rating)

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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