Public Employees Retirement Association of Colorado Has $169.23 Million Holdings in Raytheon Technologies Co. (NYSE:RTX)

Public Employees Retirement Association of Colorado lessened its stake in Raytheon Technologies Co. (NYSE:RTX) by 8.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,983,660 shares of the company’s stock after selling 173,578 shares during the quarter. Public Employees Retirement Association of Colorado owned about 0.13% of Raytheon Technologies worth $169,226,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Accel Wealth Management lifted its holdings in shares of Raytheon Technologies by 2.2% in the second quarter. Accel Wealth Management now owns 5,265 shares of the company’s stock worth $449,000 after acquiring an additional 114 shares during the last quarter. ELCO Management Co. LLC increased its position in Raytheon Technologies by 1.1% during the 2nd quarter. ELCO Management Co. LLC now owns 10,384 shares of the company’s stock valued at $886,000 after purchasing an additional 116 shares during the period. Pavion Blue Capital LLC increased its position in Raytheon Technologies by 2.5% during the 2nd quarter. Pavion Blue Capital LLC now owns 4,837 shares of the company’s stock valued at $413,000 after purchasing an additional 120 shares during the period. Slow Capital Inc. increased its position in Raytheon Technologies by 2.6% during the 2nd quarter. Slow Capital Inc. now owns 4,717 shares of the company’s stock valued at $402,000 after purchasing an additional 121 shares during the period. Finally, Tsfg LLC increased its position in Raytheon Technologies by 23.9% during the 2nd quarter. Tsfg LLC now owns 633 shares of the company’s stock valued at $54,000 after purchasing an additional 122 shares during the period. Institutional investors own 78.21% of the company’s stock.

In other news, insider Wesley D. Kremer sold 5,512 shares of the firm’s stock in a transaction on Wednesday, August 4th. The stock was sold at an average price of $86.82, for a total transaction of $478,551.84. Following the completion of the sale, the insider now directly owns 73,519 shares of the company’s stock, valued at approximately $6,382,919.58. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.11% of the company’s stock.

A number of analysts have weighed in on RTX shares. Morgan Stanley increased their target price on shares of Raytheon Technologies from $97.00 to $110.00 and gave the company an “overweight” rating in a research report on Wednesday, August 11th. Argus upgraded Raytheon Technologies from a “hold” rating to a “buy” rating and set a $100.00 price target on the stock in a report on Thursday, July 29th. Susquehanna increased their price target on Raytheon Technologies from $97.00 to $105.00 and gave the stock a “positive” rating in a report on Wednesday, July 28th. Susquehanna Bancshares increased their price target on Raytheon Technologies from $97.00 to $105.00 and gave the stock a “positive” rating in a report on Wednesday, July 28th. Finally, TheStreet upgraded Raytheon Technologies from a “c+” rating to a “b-” rating in a report on Tuesday, July 27th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $97.77.

NYSE:RTX traded down $0.26 during trading hours on Thursday, hitting $89.42. 89,057 shares of the company traded hands, compared to its average volume of 6,085,712. The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.41. The firm’s 50-day simple moving average is $85.97 and its 200-day simple moving average is $84.95. Raytheon Technologies Co. has a one year low of $51.92 and a one year high of $91.38. The company has a market cap of $134.83 billion, a PE ratio of 62.28, a PEG ratio of 1.56 and a beta of 1.45.

Raytheon Technologies (NYSE:RTX) last announced its earnings results on Monday, July 26th. The company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.10. Raytheon Technologies had a return on equity of 6.80% and a net margin of 3.51%. The firm had revenue of $15.88 billion during the quarter, compared to analyst estimates of $15.83 billion. During the same period last year, the firm posted $0.39 EPS. The business’s revenue was up 12.9% compared to the same quarter last year. As a group, equities research analysts expect that Raytheon Technologies Co. will post 4.04 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 16th. Stockholders of record on Friday, November 19th will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 2.28%. Raytheon Technologies’s dividend payout ratio is presently 74.73%.

Raytheon Technologies Company Profile

Raytheon Technologies Corp. is an aerospace and defense company, which engages in the provision of aerospace and defense systems and services for commercial, military, and government customers. It operates through the following segments: Collins Aerospace Systems, Pratt and Whitney, Raytheon Intelligence and Space, and Raytheon Missiles and Defense.

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

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