Associated Banc Corp Has $4.92 Million Stock Position in Raytheon Technologies Co. (NYSE:RTX)

Associated Banc Corp increased its position in Raytheon Technologies Co. (NYSE:RTXGet Rating) by 0.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 57,107 shares of the company’s stock after purchasing an additional 391 shares during the quarter. Associated Banc Corp’s holdings in Raytheon Technologies were worth $4,915,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in RTX. Blue Chip Partners Inc. raised its position in Raytheon Technologies by 0.4% in the fourth quarter. Blue Chip Partners Inc. now owns 25,783 shares of the company’s stock valued at $2,219,000 after purchasing an additional 112 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its position in Raytheon Technologies by 0.7% in the fourth 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 last quarter. Essex LLC raised its position in Raytheon Technologies by 0.4% in the fourth 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 last quarter. Nicholas Hoffman & Company LLC. raised its position in Raytheon Technologies by 0.7% in the fourth 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 last quarter. Finally, Fort Point Capital Partners LLC raised its position in Raytheon Technologies by 3.6% in the third 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 last quarter. Hedge funds and other institutional investors own 79.56% of the company’s stock.

RTX has been the subject of a number of analyst reports. StockNews.com downgraded Raytheon Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday. Wells Fargo & Company lowered 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. Cowen raised their price objective on Raytheon Technologies from $115.00 to $120.00 in a research report on Wednesday, April 27th. Cowen raised their price objective on Raytheon Technologies from $115.00 to $120.00 in a research report on Wednesday, April 27th. Finally, Royal Bank of Canada initiated coverage on Raytheon Technologies in a research report on Friday, April 8th. They set an “outperform” rating and a $125.00 price objective for the company. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $110.08.

In other news, EVP Michael R. Dumais sold 7,443 shares of Raytheon Technologies stock in a transaction on Monday, February 28th. The stock was sold at an average price of $101.45, for a total value of $755,092.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Wesley D. Kremer sold 15,083 shares of Raytheon Technologies stock in a transaction on Thursday, February 17th. The shares were 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. Over the last 90 days, insiders sold 34,749 shares of company stock worth $3,344,416. Corporate insiders own 0.11% of the company’s stock.

Shares of RTX stock traded up $0.44 during trading hours on Friday, reaching $91.92. The company had a trading volume of 5,464,951 shares, compared to its average volume of 5,499,743. Raytheon Technologies Co. has a 12 month low of $79.00 and a 12 month high of $106.02. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.16 and a quick ratio of 0.88. The business has a fifty day simple moving average of $98.79 and a 200-day simple moving average of $92.68. The company has a market cap of $136.70 billion, a price-to-earnings ratio of 32.95, a price-to-earnings-growth ratio of 1.82 and a beta of 1.19.

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

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

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.

Recommended Stories

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

Receive News & Ratings for Raytheon Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Raytheon Technologies and related companies with MarketBeat.com's FREE daily email newsletter.