What Is the Outlook for Raytheon Technologies Shares?

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
The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.