Canandaigua National Corp Has $5.39 Million Position in Raytheon Technologies Co. (NYSE:RTX)


Share on StockTwits

Canandaigua National Corp reduced its holdings in Raytheon Technologies Co. (NYSE:RTX) by 1.6% during the 1st quarter, Holdings Channel reports. The institutional investor owned 69,752 shares of the company’s stock after selling 1,115 shares during the quarter. Canandaigua National Corp’s holdings in Raytheon Technologies were worth $5,390,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of RTX. Wealth Alliance increased its stake in Raytheon Technologies by 4.6% in the 3rd quarter. Wealth Alliance now owns 9,814 shares of the company’s stock valued at $565,000 after buying an additional 432 shares during the last quarter. Squarepoint Ops LLC bought a new position in shares of Raytheon Technologies in the 3rd quarter valued at about $10,167,000. Advisory Alpha LLC bought a new position in shares of Raytheon Technologies in the 3rd quarter valued at about $82,000. Chartwell Investment Partners LLC grew its position in shares of Raytheon Technologies by 55.6% in the 3rd quarter. Chartwell Investment Partners LLC now owns 36,221 shares of the company’s stock valued at $2,084,000 after acquiring an additional 12,950 shares during the period. Finally, Colony Group LLC grew its position in shares of Raytheon Technologies by 81.1% in the 3rd quarter. Colony Group LLC now owns 117,385 shares of the company’s stock valued at $6,754,000 after acquiring an additional 52,570 shares during the period. Hedge funds and other institutional investors own 75.09% of the company’s stock.

A number of brokerages have recently commented on RTX. DZ Bank raised shares of Raytheon Technologies from a “hold” rating to a “buy” rating and set a $86.00 price objective for the company in a research report on Thursday, December 17th. Zacks Investment Research raised shares of Raytheon Technologies from a “sell” rating to a “hold” rating and set a $72.00 price objective for the company in a research report on Friday, January 29th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Raytheon Technologies from $79.00 to $85.00 and gave the company an “overweight” rating in a research report on Tuesday, December 15th. Three investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $78.12.

NYSE RTX traded down $0.60 during trading on Thursday, reaching $77.00. The company’s stock had a trading volume of 34,914 shares, compared to its average volume of 7,458,377. The company has a current ratio of 1.22, a quick ratio of 0.95 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $117.00 billion, a price-to-earnings ratio of -66.19, a price-to-earnings-growth ratio of 1.67 and a beta of 1.39. Raytheon Technologies Co. has a 12 month low of $51.13 and a 12 month high of $80.06. The firm has a 50 day moving average price of $76.13 and a 200 day moving average price of $68.97.

Raytheon Technologies (NYSE:RTX) last posted its quarterly earnings data on Monday, January 25th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.05. The firm had revenue of $16.42 billion during the quarter, compared to the consensus estimate of $16.07 billion. Raytheon Technologies had a negative net margin of 3.77% and a positive return on equity of 8.35%. The business’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.16 EPS. On average, equities analysts forecast that Raytheon Technologies Co. will post 3.01 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 25th. Shareholders of record on Friday, February 26th were issued a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date of this dividend was Thursday, February 25th. Raytheon Technologies’s dividend payout ratio is currently 23.00%.

Raytheon Technologies Company Profile

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.

Featured Article: Why is the ROA ratio important?

Want to see what other hedge funds are holding RTX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Raytheon Technologies Co. (NYSE:RTX).

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.