RTX

Raytheon Technologies Corporation
NYSE

Real-time Quotes | Nasdaq Last Sale

52.34
-4.19
-7.41%
After Hours: 52.72 +0.38 +0.73% 19:59 10/28 EDT
OPEN
55.20
PREV CLOSE
56.53
HIGH
56.07
LOW
52.25
VOLUME
19.79M
TURNOVER
--
52 WEEK HIGH
93.45
52 WEEK LOW
40.71
MARKET CAP
79.96B
P/E (TTM)
128.32
1D
5D
1M
3M
1Y
5Y
News
Financial
Releases
Corp Actions
Analysis
Profile
Investor Alert: Kaplan Fox Investigates Raytheon Technologies Corporation for Potential Securities Fraud
Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com) is investigating claims on behalf of investors who purchased shares of Raytheon Technologies Corporation ("Raytheon" or the "Company") (NYSE: RTX). Raytheon is an aircraft manufacturing company.
PR Newswire · 3h ago
Raytheon Sinks After Disclosing U.S. Probe of Defense Books
(Bloomberg) -- Raytheon Technologies Corp. fell after the company disclosed a demand from the U.S. Department of Justice for records dating back more than a decade from the company’s missile business.The criminal subpoena was dated Oct. 8 and Raytheon is cooperating, according to a company regulatory filing Tuesday. Federal prosecutors are seeking documents and information in a probe of accounting and other reporting matters within Raytheon’s Missiles & Defense business since 2009, according to the filing.In the same filing, Raytheon also disclosed it had received a second subpoena from the U.S. Securities and Exchange Commission related to a separate, previously disclosed probe. Raytheon tumbled 7.4% to $52.34 at the close of trading in New York amid a broad market rout, the shares’ largest drop since June.A Raytheon representative said the SEC investigation is unrelated to the Justice Department probe that prompted the Oct. 8 subpoena. In the filing, the Waltham, Massachusetts-based defense contractor said it’s unable to predict the outcome of the inquiries. It said it believes neither will have a material impact on its financial condition or results based on current information.‘Shoot First’“The market is in ‘shoot first, ask questions later’ mode,” Citigroup Inc. analyst Jonathan Raviv said in a note to clients. “As a result, we’re not surprised to see the stock reaction since the potential outcomes range from very bad to zero outcome at all. But keep in mind that management-signed documents estimate it’s immaterial.”Raytheon has previously disclosed the inquiry of the SEC, which is looking into potential improper payments by a joint venture with Thales SA tied to contracts in certain countries in the Middle East since 2014, according to the filing. The DOJ is also investigating the issue, Raytheon said.“Raytheon Company maintains a rigorous anti-corruption compliance program, is cooperating fully with the SEC’s inquiry, and is examining whether there has been any conduct that is in violation of Raytheon Company policy,” the aerospace and defense giant said in the filing.The company is the result of the April merger of Raytheon and United Technologies.(Updates with analyst in fifth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Bloomberg · 7h ago
Raytheon Discloses Criminal Probe; Defense Stock Tumbles
Investor's Business Daily · 12h ago
Raytheon extends losses after disclosing DoJ criminal subpoena
Raytheon Technologies ([[RTX]] -4.2%) tumbles after disclosing it received a criminal subpoena from the U.S. Department of Justice seeking information related to an investigation into accounting and controls issues in
Seekingalpha · 13h ago
GE Adds Another Page to Its Turnaround Story
(Bloomberg Opinion) -- General Electric Co.'s turnaround is back on track.The industrial giant on Wednesday reported a surprise marginal profit for the third quarter and positive free cash flow of $514 million. Analysts had been bracing for another period of decline after GE burned through more than $4 billion in cash in the first half of the year amid a dramatic slump in its top-performing aviation unit because of the pandemic. One big reason they were expecting a drop? GE’s own commentary and the decision to lower the bar on a big equity award for CEO Larry Culp seemed to signal a recovery was being pushed further out.Even in mid-September, when Culp did finally signal a halt to the free-cash-flow burn this year, he appeared to indicate the fourth quarter — not the third — was the turning point. If the goal was to under-promise and overdeliver, GE succeeded: On a day when the broader market was swooning, the company’s shares climbed as much as 10%.“This is a period of great uncertainty, ” Culp said in an interview on Wednesday. “It’s prudent to be conservative yet realistic in an environment like this.”GE’s better-than-expected cash flow performance in the third quarter stems from improvements in working capital dynamics like inventory management and at the beleagured power division, which eked out a small operating profit in the third quarter. This business had been the focus of Culp’s turnaround efforts before the pandemic hit and it appears his efforts to inject more operational discipline are starting to pay off. Cost cuts across the company in response to the pandemic are also starting to yield benefits. This includes a plan to eliminate 13,000 jobs — or 25% of the workforce — in the aviation unit. Unlike rival Raytheon Technologies Corp., which expects about half of the 15,000 people cut from its commercial aerospace divisions to return as volumes recover, Culp said the bulk of GE’s targeted cuts are expected to be permanent. That could bolster profit margins down the road, albeit at a material human cost. GE on Wednesday reiterated its forecast for positive industrial free cash flow in 2021, which now seems more achievable. The company expects to generate “at least” $2.5 billion of cash flow in the fourth quarter. Given GE’s track record on forecasts, it seems likely that this too may be an undershoot.A material outperformance may come down to the aviation unit, which appeared to be stabilizing in the third quarter but at a very low level. Orders were down more than 50% compared to the year earlier and profits were down nearly 80%. GE did flag some incremental improvements, but the emphasis is on the incremental: The percentage of its engine fleet that is parked is now about 26%, compared with 31% at the end of the second quarter, and lucrative maintenance shop visits are trending down about 50%, compared with 55% as of July. With this business driving so much of GE’s cash flow and profits, the inevitably slow recovery will remain a pressure point. “We’re not taking any departure for granted,” Culp said, acknowledging rising coronavirus cases around the world risk crimping the fledging recovery in air traffic. Separately on Wednesday, Boeing Co. said it would cut another 7,000 jobs, bringing this year’s reductions up to 30,000, as demand for new planes remains low and cancellations pile up for its still-grounded 737 Max. That affects GE, too: in a filing Wednesday, the company said customers have cancelled 1,100 orders for the engine that powers the Max this year.But the problems in the aviation industry aren’t new and GE kept the fresh bad news elsewhere in the company to a minimum. It completed the annual GAAP-based stress-testing of its reserves for a run-off insurance arm in the quarter and  for once trends in this business went GE’s way. The lower-for-longer interest rate environment was a drag on expected returns for investments that fund the reserves. But the pandemic has been particularly precarious for the older individuals who own long-term care insurance policies issued by GE, and has made people reluctant to enter the kind of care facilities that generate many of the claims on those policies.GE also said it was setting aside $100 million in relation to a Securities and Exchange Commission investigation into its handling of a surprise $15 billion funding shortfall in the insurance business, long-term maintenance agreements and a large goodwill writedown in the power unit. SEC staff earlier this month warned they may recommend civil penalties over the insurance issue, without specifying any decision on the other matters. If the worst of any action from the SEC is a $100 million penalty, that will be good news for investors. Some had worried the SEC would require earnings restatements or a restructuring of the GE Capital arm to isolate the insurance business and its funding. Asked on the earnings call how GE arrived at the $100 million number, Culp reiterated that the company is cooperating with the SEC and said the reserve reflects “our view of what’s appropriate under the circumstances.” All in all, this was a good showing for GE, even if the bar was low. There is still a long way to go for the stock to get back into the $17 range that would get Culp the full amount of his equity award (and help shareholders recoup at least some of their losses). But Culp has earned every right to proclaim that “GE’s transformation is accelerating.”This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Brooke Sutherland is a Bloomberg Opinion columnist covering deals and industrial companies. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Bloomberg · 14h ago
Raytheon Discloses Defense-Unit Criminal Subpoena; Shares Fall
Bloomberg · 14h ago
GE Stock Jumps On Surprise Earnings, Rebounding Cash Flow
Investor's Business Daily · 17h ago
Raytheon Technologies Is Technically Weak
It's never a good sign when a stock declines on what appear to be good earnings numbers....RTX
TheStreet.com · 17h ago
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Forecast
EPSBVPSCFPS
Actual (USD)
Estimate (USD)
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Net IncomeTotal RevenueOperating Income
Net Income (USD)
YoY (%)
Balance SheetMore
Total Assets (USD)
Total Liabilities (USD)
Debt to Asset (%)
Cash FlowMore
OperatingInvestingFinancing
Operating (USD)
YoY (%)
Learn about the latest financial forecast of RTX. Analyze the recent business situations of Raytheon Technologies Corporation through EPS, BVPS, FPS, and other data. This information may help you make smarter investment decisions.
Analyst Rating

Based on 21 analysts

Buy

Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.

Analyst Price Target
The average RTX stock price target is 74.72 with a high estimate of 90.00 and a low estimate of 62.00.
EPS
Institutional Holdings
Institutions: 2.63K
Institutional Holdings: 1.21B
% Owned: 78.97%
Shares Outstanding: 1.53B
TypeInstitutionsShares
Increased
775
125.51M
New
464
-36.57M
Decreased
543
149.42M
Sold Out
0
0
  • Performance
  • Asset Allocation
  • Dividend History
No Data
Industry
Aerospace & Defense
-3.78%
Industrial Goods
-3.18%
Key Executives
Chairman/Executive Director
Thomas Kennedy
President/Chief Executive Officer/Director
Gregory Hayes
Chief Financial Officer
Anthony O'Brien
Corporate Executive/Director
Robert Ortberg
Corporate Executive
Judy Marks
Corporate Executive
Christopher Calio
Corporate Executive
Robert McDonough
Chief Human Resource Officer/Executive Vice President
Elizabeth Amato
Chief Human Resource Officer
Dantaya Williams
Executive Vice President/General Counsel
Charles Gill
Executive Vice President
Michael Dumais
Vice President/Treasurer
David Whitehouse
Controller
Michael Wood
Lead Director/Independent Director
Dinesh Paliwal
Independent Director
Tracy Atkinson
Independent Director
Lloyd Austin
Independent Director
Marshall Larsen
Independent Director
Margaret O'Sullivan
Independent Director
George Oliver
Independent Director
Ellen Pawlikowski
Independent Director
Denise Ramos
Independent Director
Fredric Reynolds
Independent Director
Brian Rogers
Independent Director
James Winnefeld
Independent Director
Robert Work
  • Dividends
  • Splits
  • Insider Activity
Declaration Date
Dividend Per Share
Ex-Div Date
10/14/2020
Dividend USD 0.475
11/12/2020
06/08/2020
Dividend USD 0.475
08/13/2020
04/27/2020
Dividend USD 0.475
05/14/2020
02/03/2020
Dividend USD 0.735
02/13/2020
10/10/2019
Dividend USD 0.735
11/14/2019
06/10/2019
Dividend USD 0.735
08/15/2019
04/29/2019
Dividend USD 0.735
05/16/2019
02/04/2019
Dividend USD 0.735
02/14/2019
10/10/2018
Dividend USD 0.735
11/15/2018
06/13/2018
Dividend USD 0.7
08/16/2018
04/30/2018
Dividend USD 0.7
05/17/2018
02/05/2018
Dividend USD 0.7
02/15/2018
10/11/2017
Dividend USD 0.7
11/16/2017
06/15/2017
Dividend USD 0.7
08/16/2017
04/24/2017
Dividend USD 0.66
05/17/2017
02/06/2017
Dividend USD 0.66
02/15/2017
10/12/2016
Dividend USD 0.66
11/16/2016
06/09/2016
Dividend USD 0.66
08/17/2016
04/26/2016
Dividend USD 0.66
05/18/2016
02/08/2016
Dividend USD 0.64
02/17/2016
10/14/2015
Dividend USD 0.64
11/10/2015
06/10/2015
Dividend USD 0.64
08/12/2015
04/27/2015
Dividend USD 0.64
05/13/2015
02/03/2015
Dividend USD 0.64
02/11/2015
10/08/2014
Dividend USD 0.59
11/12/2014
06/11/2014
Dividend USD 0.59
08/13/2014
04/29/2014
Dividend USD 0.59
05/14/2014
02/03/2014
Dividend USD 0.59
02/12/2014
10/22/2013
Dividend USD 0.589
11/13/2013
06/12/2013
Dividend USD 0.535
08/14/2013
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About RTX
Raytheon Technologies Corp, formerly United Technologies Corporation, is engaged in providing technology products and services to the building systems and aerospace industries. The Company operates through segments such as Pratt & Whitney and Collins Aerospace Systems. The Pratt & Whitney segment supplies aircraft engines for the commercial, military, business jet and general aviation markets. Pratt & Whitney segment provides fleet management services and aftermarket maintenance, repair and overhaul services. The Collins Aerospace Systems segment provides aerospace products and aftermarket service solutions for aircraft manufacturers, airlines, regional, business and general aviation markets, military, space and undersea operations.
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