This morning we watched Raytheon Technologies rise 1.2% to a price of $97.98 per share. The large-cap Aerospace & Defense company is now trading -10.72% below its average target price of $109.75. Analysts have set target prices ranging from $98.0 to $120.0 per share for Raytheon Technologies, and have given the stock an average rating of buy.
Raytheon Technologies's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 0.7%. The stock's short ratio is 2.65. At 0.09%, the company's rate of insider ownership does not indicate that management is heavily invested in the corporation.
Another number to watch is the company's rate of institutional share ownership, which now stands at 81.6%. In conclusion, we believe there is mixed market sentiment regarding Raytheon Technologies.
Institutions Invested in Raytheon Technologies
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-03-31 | Vanguard Group, Inc. (The) | 9% | 125,466,611 | $12,293,218,966 |
| 2023-03-31 | State Street Corporation | 9% | 124,712,751 | $12,219,355,761 |
| 2023-03-31 | Blackrock Inc. | 7% | 101,189,161 | $9,914,514,334 |
| 2023-03-31 | Capital Research Global Investors | 5% | 73,661,823 | $7,217,385,664 |
| 2023-03-31 | Capital International Investors | 3% | 46,031,264 | $4,510,143,401 |
| 2023-03-31 | Wellington Management Group, LLP | 3% | 40,981,688 | $4,015,385,927 |
| 2023-03-31 | JP Morgan Chase & Company | 3% | 36,997,825 | $3,625,047,017 |
| 2023-03-31 | Dodge & Cox Inc | 2% | 33,399,832 | $3,272,515,651 |
| 2023-03-31 | Morgan Stanley | 2% | 30,104,142 | $2,949,603,934 |
| 2023-03-31 | Geode Capital Management, LLC | 2% | 26,237,984 | $2,570,797,760 |
