Eqis Capital Management Inc. Purchases 12,133 Shares of Raytheon Technologies Co. (NYSE:RTX)

Eqis Capital Management Inc. grew its position in shares of Raytheon Technologies Co. (NYSE:RTXGet Rating) by 43.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,851 shares of the company’s stock after buying an additional 12,133 shares during the period. Eqis Capital Management Inc.’s holdings in Raytheon Technologies were worth $3,948,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in RTX. Stuart Chaussee & Associates Inc. increased its position in Raytheon Technologies by 135.5% during the 1st quarter. Stuart Chaussee & Associates Inc. now owns 259 shares of the company’s stock worth $26,000 after buying an additional 149 shares during the period. Nauset Wealth Management. LLC bought a new position in Raytheon Technologies during the 1st quarter worth $30,000. Steward Financial Group LLC increased its position in Raytheon Technologies by 760.4% during the 1st quarter. Steward Financial Group LLC now owns 413 shares of the company’s stock worth $40,000 after buying an additional 365 shares during the period. Rational Advisors LLC increased its position in shares of Raytheon Technologies by 56.5% in the first quarter. Rational Advisors LLC now owns 435 shares of the company’s stock worth $43,000 after purchasing an additional 157 shares during the period. Finally, Roble Belko & Company Inc increased its position in shares of Raytheon Technologies by 111.5% in the first quarter. Roble Belko & Company Inc now owns 442 shares of the company’s stock worth $44,000 after purchasing an additional 233 shares during the period. Institutional investors own 79.89% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on RTX. StockNews.com upgraded Raytheon Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, August 4th. Vertical Research decreased their price target on Raytheon Technologies to $120.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 27th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $114.10.

Raytheon Technologies Stock Performance

NYSE:RTX opened at $87.80 on Tuesday. The stock’s 50-day simple moving average is $92.26 and its 200 day simple moving average is $95.37. The firm has a market capitalization of $129.64 billion, a PE ratio of 29.36, a price-to-earnings-growth ratio of 1.80 and a beta of 1.04. The company has a quick ratio of 0.83, a current ratio of 1.10 and a debt-to-equity ratio of 0.43. Raytheon Technologies Co. has a twelve month low of $79.00 and a twelve month high of $106.02.

Raytheon Technologies (NYSE:RTXGet Rating) last released its quarterly earnings data on Tuesday, July 26th. The company reported $1.16 earnings per share for the quarter, beating 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%. Raytheon Technologies’s revenue was up 2.7% compared to the same quarter last year. During the same period last year, the firm posted $1.03 earnings per share. On average, analysts anticipate that Raytheon Technologies Co. will post 4.68 EPS for the current fiscal year.

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

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