Sound Income Strategies LLC Acquires 156 Shares of Raytheon Technologies Co. (NYSE:RTX)

Sound Income Strategies LLC increased its holdings in Raytheon Technologies Co. (NYSE:RTXGet Rating) by 14.5% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 1,235 shares of the company’s stock after buying an additional 156 shares during the quarter. Sound Income Strategies LLC’s holdings in Raytheon Technologies were worth $119,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of RTX. Successful Portfolios LLC lifted its position in Raytheon Technologies by 1.9% during the first quarter. Successful Portfolios LLC now owns 5,075 shares of the company’s stock worth $503,000 after buying an additional 97 shares in the last quarter. Prosperity Consulting Group LLC lifted its position in Raytheon Technologies by 0.9% during the first quarter. Prosperity Consulting Group LLC now owns 11,290 shares of the company’s stock worth $1,118,000 after buying an additional 103 shares in the last quarter. Beaird Harris Wealth Management LLC lifted its position in Raytheon Technologies by 7.1% during the first quarter. Beaird Harris Wealth Management LLC now owns 1,655 shares of the company’s stock worth $164,000 after buying an additional 109 shares in the last quarter. Naples Global Advisors LLC lifted its position in Raytheon Technologies by 0.3% during the first quarter. Naples Global Advisors LLC now owns 36,950 shares of the company’s stock worth $3,661,000 after buying an additional 111 shares in the last quarter. Finally, NCM Capital Management LLC lifted its position in Raytheon Technologies by 1.5% during the first quarter. NCM Capital Management LLC now owns 7,514 shares of the company’s stock worth $744,000 after buying an additional 112 shares in the last quarter. 79.89% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have 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 reduced their target price on Raytheon Technologies to $120.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 27th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $114.10.

Raytheon Technologies Trading Down 0.5 %

Shares of NYSE RTX opened at $85.20 on Monday. Raytheon Technologies Co. has a twelve month low of $79.00 and a twelve month high of $106.02. The company has a current ratio of 1.10, a quick ratio of 0.83 and a debt-to-equity ratio of 0.43. The stock has a fifty day simple moving average of $91.56 and a 200-day simple moving average of $94.91. The stock has a market capitalization of $125.80 billion, a PE ratio of 28.49, a PEG ratio of 1.73 and a beta of 1.04.

Raytheon Technologies (NYSE:RTXGet Rating) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.04. Raytheon Technologies had a return on equity of 9.48% and a net margin of 6.84%. The business had revenue of $16.31 billion during the quarter, compared to analysts’ expectations of $16.61 billion. During the same period in the previous year, the firm posted $1.03 earnings per share. The company’s revenue was up 2.7% on a year-over-year basis. On average, equities analysts forecast that Raytheon Technologies Co. will post 4.71 earnings per share for the current 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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