Capital City Trust Co. FL Has $2.58 Million Stock Holdings in Raytheon Technologies Co. (NYSE:RTX)

Capital City Trust Co. FL raised its position in Raytheon Technologies Co. (NYSE:RTXGet Rating) by 1.7% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 26,885 shares of the company’s stock after purchasing an additional 462 shares during the period. Capital City Trust Co. FL’s holdings in Raytheon Technologies were worth $2,584,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Stuart Chaussee & Associates Inc. lifted its position in shares of Raytheon Technologies by 135.5% during the 1st quarter. Stuart Chaussee & Associates Inc. now owns 259 shares of the company’s stock valued at $26,000 after acquiring an additional 149 shares during the period. Nauset Wealth Management. LLC bought a new stake in shares of Raytheon Technologies during the 1st quarter valued at $30,000. Steward Financial Group LLC lifted its position in shares of Raytheon Technologies by 760.4% during the 1st quarter. Steward Financial Group LLC now owns 413 shares of the company’s stock valued at $40,000 after acquiring an additional 365 shares during the period. Rational Advisors LLC lifted its position in shares of Raytheon Technologies by 56.5% during the 1st quarter. Rational Advisors LLC now owns 435 shares of the company’s stock valued at $43,000 after acquiring an additional 157 shares during the period. Finally, Roble Belko & Company Inc lifted its position in shares of Raytheon Technologies by 111.5% during the 1st quarter. Roble Belko & Company Inc now owns 442 shares of the company’s stock worth $44,000 after buying an additional 233 shares during the last quarter. 79.89% of the stock is owned by institutional investors and hedge funds.

Raytheon Technologies Stock Down 0.3 %

Shares of NYSE:RTX opened at $83.21 on Friday. The business’s 50 day simple moving average is $90.89 and its two-hundred day simple moving average is $94.56. The firm has a market cap of $122.86 billion, a P/E ratio of 27.91, a PEG ratio of 1.72 and a beta of 1.04. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.83 and a current ratio of 1.10. Raytheon Technologies Co. has a 52-week low of $79.00 and a 52-week high of $106.02.

Raytheon Technologies (NYSE:RTXGet Rating) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.04. The business had revenue of $16.31 billion for the quarter, compared to analyst estimates of $16.61 billion. Raytheon Technologies had a return on equity of 9.48% and a net margin of 6.84%. The company’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.03 earnings per share. As a group, research analysts forecast that Raytheon Technologies Co. will post 4.71 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on RTX. Vertical Research dropped their price objective on Raytheon Technologies to $120.00 and set an “outperform” rating for the company in a research report on Wednesday, July 27th. StockNews.com raised Raytheon Technologies from a “hold” rating to a “buy” rating in a report on Thursday, August 4th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Raytheon Technologies has a consensus rating of “Moderate Buy” and an average price target of $114.10.

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.

Further Reading

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

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