Raytheon Technologies Corporation (NYSE: RTX) is -2.42% lower on its value in year-to-date trading and has touched a low of $40.71 and a high of $93.45 in the current 52-week trading range. The RTX stock was last observed hovering at around $70.28 in the last trading session, with the day’s loss setting it -0.5% off its average median price target of $82.00 for the next 12 months. It is also 30.91% off the consensus price target high of $101.00 offered by 19 analysts, but current levels are 0.31% higher than the price target low of $70.00 for the same period.
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Currently trading at $69.78, the stock is -1.65% and 2.94% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.73 million and changing -0.71% at the moment leaves the stock 10.97% off its SMA200. RTX registered -22.89% loss for a year compared to 6-month gain of 20.08%. The firm has a 50-day simple moving average (SMA 50) of $71.49 and a 200-day simple moving average (SMA200) of $63.38.
The stock witnessed a -4.46% loss in the last 1 month and extending the period to 3 months gives it a 16.90%, and is -2.21% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.83% over the week and 2.27% over the month.
Raytheon Technologies Corporation (RTX) has around 243200 employees, a market worth around $105.75B and $59.72B in sales. Fwd P/E is 19.91. Profit margin for the company is -4.20%. Distance from 52-week low is 71.41% and -25.33% from its 52-week high. The company has generated returns on investments over the last 12 months (7.80%).
Raytheon Technologies Corporation (RTX) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Raytheon Technologies Corporation (RTX) is a “Overweight”. 19 analysts offering their recommendations for the stock have an average rating of 2.00, where 5 rate it as a Hold and 2 think it is a “Overweight”. 12 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Raytheon Technologies Corporation quarterly earnings per share for the current quarter are estimated at $0.7 with sales reaching $16.27B over the same period.The EPS is expected to shrink by -13.70% this year, but quarterly earnings will post -17.30% year-over-year. Quarterly sales are estimated to shrink -16.80% in year-over-year returns.
Raytheon Technologies Corporation (RTX) Top Institutional Holders
2,298 institutions hold shares in Raytheon Technologies Corporation (RTX), with 1.51M shares held by insiders accounting for 0.10% while institutional investors hold 77.17% of the company’s shares. The shares outstanding are 1.51B, and float is at 1.39B with Short Float at 1.12%. Institutions hold 77.09% of the Float.
The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 129.36 million shares valued at $7.44 billion. The investor’s holdings represent 8.52% of the RTX Shares outstanding. As of Sep 29, 2020, the second largest holder is State Street Corporation with 123.51 million shares valued at $7.11 billion to account for 8.13% of the shares outstanding. The other top investors are Blackrock Inc. which holds 98.93 million shares representing 6.51% and valued at over $5.69 billion, while Wellington Management Company, LLP holds 2.87% of the shares totaling 43.63 million with a market value of $2.51 billion.
Raytheon Technologies Corporation (RTX) Insider Activity
The most recent transaction is an insider purchase by Kennedy Thomas A, the company’s Executive Chairman. SEC filings show that Kennedy Thomas A bought 19,059 shares of the company’s common stock on Oct 29 at a price of $52.47 per share for a total of $1.0 million. Following the purchase, the insider now owns 0.36 million shares.
Raytheon Technologies Corporation disclosed in a document filed with the SEC on Oct 29 that Jimenez Frank R (EVP and General Counsel) bought a total of 1,000 shares of the company’s common stock. The trade occurred on Oct 29 and was made at $52.57 per share for $52570.0. Following the transaction, the insider now directly holds 61113.0 shares of the RTX stock.
Still, SEC filings show that on Oct 29, Paliwal Dinesh C (Director) acquired 9,532 shares at an average price of $52.41 for $0.5 million. The insider now directly holds 19,947 shares of Raytheon Technologies Corporation (RTX).