Raytheon Technologies Corporation [RTX] moved up 1.34: Why It’s Important

Raytheon Technologies Corporation [NYSE: RTX] gained 1.34% on the last trading session, reaching $89.73 price per share at the time. The company report on October 12, 2022 that Raytheon Technologies Board of Directors Declares Quarterly Cash Dividend.

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Raytheon Technologies Corporation (NYSE: RTX) announced today that its Board of Directors declared a dividend of 55 cents per outstanding share of RTX common stock. The dividend will be payable on Dec. 15, 2022 to shareowners of record at the close of business on Nov. 18, 2022.

Raytheon Technologies has paid cash dividends on its common stock every year since 1936.

Raytheon Technologies Corporation represents 1.48 billion in outstanding shares, while the company has a total market value of $130.54 billion with the latest information. RTX stock price has been found in the range of $89.00 to $90.4476.

If compared to the average trading volume of 4.78M shares, RTX reached a trading volume of 7713322 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Raytheon Technologies Corporation [RTX]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for RTX shares is $107.16 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on RTX stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Credit Suisse have made an estimate for Raytheon Technologies Corporation shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on October 12, 2022. While these analysts kept the previous recommendation, Wolfe Research raised their target price to Peer Perform. The new note on the price target was released on October 11, 2022, representing the official price target for Raytheon Technologies Corporation stock. Previously, the target price had yet another raise to $125, while RBC Capital Mkts analysts kept a Outperform rating on RTX stock. On February 16, 2022, analysts increased their price target for RTX shares from 110 to 111.

The Average True Range (ATR) for Raytheon Technologies Corporation is set at 2.29, with the Price to Sales ratio for RTX stock in the period of the last 12 months amounting to 2.00. The Price to Book ratio for the last quarter was 1.88, with the Price to Cash per share for the same quarter was set at 3.28. Price to Free Cash Flow for RTX in the course of the last twelve months was 89.17 with Quick ratio for the last quarter at 0.80.

Trading performance analysis for RTX stock

Raytheon Technologies Corporation [RTX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 6.23. With this latest performance, RTX shares gained by 9.39% in over the last four-week period, additionally sinking by -9.92% over the last 6 months – not to mention a drop of -2.32% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for RTX stock in for the last two-week period is set at 62.35, with the RSI for the last a single of trading hit 69.42, and the three-weeks RSI is set at 57.33 for Raytheon Technologies Corporation [RTX]. The present Moving Average for the last 50 days of trading for this stock 87.27, while it was recorded at 88.10 for the last single week of trading, and 93.19 for the last 200 days.

Raytheon Technologies Corporation [RTX]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Raytheon Technologies Corporation [RTX] shares currently have an operating margin of +7.25 and a Gross Margin at +19.42. Raytheon Technologies Corporation’s Net Margin is presently recorded at +6.06.

Return on Equity for this stock inclined to 5.37, with Return on Assets sitting at 2.41.

Raytheon Technologies Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.80 and a Current Ratio set at 1.10.

Raytheon Technologies Corporation [RTX]: An earnings per share (EPS) analysis

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for RTX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Raytheon Technologies Corporation go to 13.71%.

An analysis of insider ownership at Raytheon Technologies Corporation [RTX]

There are presently around $107,232 million, or 81.40% of RTX stock, in the hands of institutional investors. The top three institutional holders of RTX stocks are: STATE STREET CORP with ownership of 129,549,992, which is approximately -1.672% of the company’s market cap and around 0.11% of the total institutional ownership; VANGUARD GROUP INC, holding 122,413,937 shares of the stock with an approximate value of $10.98 billion in RTX stocks shares; and BLACKROCK INC., currently with $8.86 billion in RTX stock with ownership of nearly 0.402% of the company’s market capitalization.

Positions in Raytheon Technologies Corporation stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 1,130 institutional holders increased their position in Raytheon Technologies Corporation [NYSE:RTX] by around 47,032,812 shares. Additionally, 985 investors decreased positions by around 45,825,716 shares, while 303 investors held positions by with 1,102,196,713 shares. The mentioned changes placed institutional holdings at 1,195,055,241 shares, according to the latest SEC report filing. RTX stock had 127 new institutional investments in for a total of 8,578,442 shares, while 133 institutional investors sold positions of 12,877,869 shares during the same period.


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