Fort Sheridan Advisors LLC Has $1.06 Million Holdings in Raytheon Technologies Co. (NYSE:RTX)

Fort Sheridan Advisors LLC grew its position in Raytheon Technologies Co. (NYSE:RTXGet Rating) by 15.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 12,303 shares of the company’s stock after acquiring an additional 1,671 shares during the quarter. Fort Sheridan Advisors LLC’s holdings in Raytheon Technologies were worth $1,059,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Blue Chip Partners Inc. increased its holdings in shares of Raytheon Technologies by 0.4% during the 4th quarter. Blue Chip Partners Inc. now owns 25,783 shares of the company’s stock valued at $2,219,000 after acquiring an additional 112 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in Raytheon Technologies by 0.7% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 15,731 shares of the company’s stock valued at $1,354,000 after purchasing an additional 113 shares during the period. Essex LLC boosted its stake in Raytheon Technologies by 0.4% during the 4th quarter. Essex LLC now owns 32,084 shares of the company’s stock valued at $2,761,000 after purchasing an additional 114 shares during the period. Nicholas Hoffman & Company LLC. boosted its stake in Raytheon Technologies by 0.7% during the 4th quarter. Nicholas Hoffman & Company LLC. now owns 17,429 shares of the company’s stock valued at $1,500,000 after purchasing an additional 114 shares during the period. Finally, Fort Point Capital Partners LLC boosted its stake in Raytheon Technologies by 3.6% during the 3rd quarter. Fort Point Capital Partners LLC now owns 3,345 shares of the company’s stock valued at $288,000 after purchasing an additional 116 shares during the period. 79.56% of the stock is currently owned by institutional investors.

RTX stock traded up $0.44 during midday trading on Friday, reaching $91.92. 5,464,951 shares of the company’s stock traded hands, compared to its average volume of 5,499,743. The company has a 50-day simple moving average of $98.79 and a two-hundred day simple moving average of $92.68. Raytheon Technologies Co. has a 1-year low of $79.00 and a 1-year high of $106.02. The company has a market cap of $136.70 billion, a price-to-earnings ratio of 32.95, a PEG ratio of 1.82 and a beta of 1.19. The company has a quick ratio of 0.88, a current ratio of 1.16 and a debt-to-equity ratio of 0.42.

Raytheon Technologies (NYSE:RTXGet Rating) last released its quarterly earnings results on Tuesday, April 26th. The company reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.14. Raytheon Technologies had a return on equity of 9.24% and a net margin of 6.47%. The firm had revenue of $15.72 billion during the quarter, compared to analysts’ expectations of $15.83 billion. During the same period last year, the firm posted $0.90 EPS. The business’s revenue was up 3.0% on a year-over-year basis. Equities research analysts forecast that Raytheon Technologies Co. will post 4.77 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 16th. Stockholders of record on Friday, May 20th will be paid a $0.55 dividend. This is a boost from Raytheon Technologies’s previous quarterly dividend of $0.51. This represents a $2.20 annualized dividend and a dividend yield of 2.39%. The ex-dividend date is Thursday, May 19th. Raytheon Technologies’s dividend payout ratio (DPR) is 73.12%.

RTX has been the subject of several recent analyst reports. Royal Bank of Canada initiated coverage on Raytheon Technologies in a research note on Friday, April 8th. They set an “outperform” rating and a $125.00 target price for the company. Wells Fargo & Company reduced their price objective on Raytheon Technologies from $97.00 to $96.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 26th. Wolfe Research raised their price objective on Raytheon Technologies from $110.00 to $111.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 16th. Robert W. Baird raised their price objective on Raytheon Technologies from $100.00 to $106.00 in a research report on Wednesday, January 26th. Finally, StockNews.com downgraded Raytheon Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Raytheon Technologies currently has a consensus rating of “Buy” and a consensus target price of $110.08.

In other news, EVP Michael R. Dumais sold 6,883 shares of the firm’s stock in a transaction on Friday, February 25th. The stock was sold at an average price of $97.74, for a total value of $672,744.42. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Wesley D. Kremer sold 15,083 shares of the firm’s 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 three months. Insiders own 0.11% of the company’s stock.

About Raytheon Technologies (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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