Raytheon Technologies stock is trading -14.9% below its average target price of $100.7 after marking a 1.2% during today's morning session. Analysts are giving the large-cap Aerospace & Defense company an average rating of buy and target prices ranging from $91.0 to $110.0 per share.
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 1.17. 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 80.9%. In conclusion, we believe there is mixed market sentiment regarding Raytheon Technologies.
Institutions Invested in Raytheon Technologies
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-06-30 | Vanguard Group Inc | 9% | 125,301,526 | $10,737,714,232 |
| 2023-06-30 | State Street Corporation | 9% | 124,348,033 | $10,656,004,649 |
| 2023-06-30 | Blackrock Inc. | 7% | 102,771,163 | $8,806,974,781 |
| 2023-06-30 | Capital Research Global Investors | 5% | 66,527,766 | $5,701,096,887 |
| 2023-06-30 | Capital International Investors | 3% | 45,420,178 | $3,892,282,139 |
| 2023-06-30 | Wellington Management Group, LLP | 3% | 39,295,771 | $3,367,451,083 |
| 2023-06-30 | JP Morgan Chase & Company | 3% | 38,154,582 | $3,269,656,892 |
| 2023-06-30 | Dodge & Cox Inc | 2% | 32,673,190 | $2,799,929,007 |
| 2023-06-30 | Morgan Stanley | 2% | 31,003,419 | $2,656,837,981 |
| 2023-06-30 | Geode Capital Management, LLC | 2% | 26,767,120 | $2,293,808,340 |
