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Raytheon Technologies (RTX) Stock Forecast, Price & News

+1.93 (+2.09%)
(As of 06/1/2023 ET)
Today's Range
50-Day Range
52-Week Range
5.64 million shs
Average Volume
3.89 million shs
Market Capitalization
$137.45 billion
P/E Ratio
Dividend Yield
Price Target

Raytheon Technologies MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.55 Rating Score
18.9% Upside
$111.88 Price Target
Short Interest
0.62% of Float Sold Short
Dividend Strength
Based on Four Factors
Upright™ Environmental Score
News Sentiment
0.56mentions of Raytheon Technologies in the last 14 days
Based on 15 Articles This Week
Insider Trading
Proj. Earnings Growth
From $5.05 to $5.69 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.38 out of 5 stars

Aerospace Sector

33rd out of 90 stocks

Aircraft Engines & Engine Parts Industry

3rd out of 6 stocks

RTX stock logo

About Raytheon Technologies (NYSE:RTX) Stock

Raytheon Technologies Corporation is a multinational aerospace and defense company providing advanced systems and services worldwide to commercial, military and government customers. Headquartered in Arlington, Virginia, Raytheon Technologies is one of the world's largest aerospace and defense manufacturers by revenue and market capitalization. The company is also one of the largest providers of intelligence services. Gregory J. Hayes is the chairman and CEO of the combined company. 

Raytheon Company was founded in 1922. The original location for the company was Cambridge, Massachusetts. Vannevar Bush, Laurence K. Marshall and Charles G. Smith originally started Raytheon as the American Appliance Company. 

Raytheon Manufacturing Company changed its name to Raytheon Manufacturing Company in 1925. After the name change, Raytheon Manufacturing Company began marketing its rectifier. During World War II, Raytheon designed and built magnetron tubes for microwave radar sets. It later went on to construct complete radar systems. 

Raytheon's Percy Spencer invented the microwave oven in 1945. While eating lunch, he discovered that the magnetron could rapidly heat food. Raytheon acquired the marine electronics company Apelco Applied Electronics in 1959 and after the acquisition, the company changed its name to Raytheon Company. 

In 1991, during the Persian Gulf War, Raytheon's Patriot missile received great international exposure, increasing sales for the company outside the United States. In 1995, it acquired Dallas-based E-Systems. In 1997, it acquired the defense unit of Texas Instruments, Defense Systems and Electronics Group and the defense portion of Delco Electronics (Delco Systems Operations). In 2005, it acquired Boeing's Rocketdyne division. 

Raytheon Technologies formed in April 2020 due to a merger between Raytheon Company and the aerospace subsidiaries United Technologies Corporation (UTC). Before the merger, UTC spun off its non-aerospace subsidiaries, including Otis Elevator Company and Carrier Corporation and changed its name to Raytheon Technologies, relocating its headquarters to Waltham, Massachusetts. The company's operations have four main segments: Collins aerospace systems, Pratt and Whitney, Raytheon intelligence and space and Raytheon missiles and defense. 

Collins Aerospace Systems is a global provider of aerospace and defense products and aftermarket services for aircraft manufacturers, airlines, general aviation and defense and commercial space operations. 

The aerospace segment offers a wide range of products and services, including:

  • Cabin interiors
  • Food and beverage preparation
  • Oxygen systems
  • Storage and galley systems
  • Communications and aviation systems
  • Lavatory and wastewater management systems
  • Airborne intelligence
  • Surveillance and reconnaissance systems
  • Crew escape systems
  • Test and training range systems
  • Simulation and training solutions
  • Information management services
  • Aftermarket services that include spare parts, engineering and technical support, overhaul and repair, information management services and training and fleet management solutions

The Pratt and Whitney segment supplies aircraft engines for general aviation customers, military aviation, commercial jets and business jets. It produces, sells and services military and commercial auxiliary power units. 

The Raytheon intelligence and space segment develops and provides integrated space, communication and sensor systems for missions, training and cyber and software solutions to intelligence, defense, federal and commercial customers. This includes advanced sensors, training and cyber and software solutions. 

The Raytheon missiles and defense segment designs, develops and produces air and missile defense systems; land-based and sea-based radars; defensive and combat solutions; command, control, intelligence and communications solutions and naval and undersea sensor solutions for the U.S. and foreign government customers. 

As a large military contractor, Raytheon Technologies gets a significant portion of its revenue from the U.S. government. The company is committed to innovation and holds an impressive portfolio of over 65,000 patents and applications, making Raytheon Technologies an industry leader in developing advanced aerospace and defense solutions. 

Raytheon Technologies is constantly striving to develop new, innovative products and services for its customers and has made significant investments in research and development over the years. Its dedication to research and development has enabled the company to create an extensive range of advanced products and services, including aircraft engines, avionics, aerostructures, cybersecurity, guided missiles, air defense systems, satellites and drones. 

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RTX Stock News Headlines

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Raytheon Technologies to Host 2023 Investor Meeting
Raytheon Technologies to modernize SPY-6 hardware
4 Compelling Reasons To Load Up On Raytheon Stock
See More Headlines

RTX Price History

RTX Company Calendar

Ex-Dividend for 3/23 Dividend
Dividend Payable
Last Earnings
Ex-Dividend for 6/15 Dividend
Dividend Payable
Next Earnings (Estimated)
Fiscal Year End

Industry, Sector and Symbol

Aircraft engines & engine parts
Year Founded

Price Target and Rating

Average Stock Price Forecast
High Stock Price Forecast
Low Stock Price Forecast
Forecasted Upside/Downside
Consensus Rating
Moderate Buy
Rating Score (0-4)
Research Coverage
11 Analysts


Net Income
$5.20 billion
Pretax Margin


Sales & Book Value

Annual Sales
$67.07 billion
Cash Flow
$7.72 per share
Book Value
$50.88 per share


Outstanding Shares
Free Float
Market Cap
$137.45 billion

Social Links

Key Executives

  • Gregory J. HayesGregory J. Hayes
    Chairman & Chief Executive Officer
  • Christopher T. CalioChristopher T. Calio
    President & Chief Operating Officer
  • Neil G. Mitchill
    Chief Financial Officer & Executive Vice President
  • Mark E. Russell
    Chief Technology Officer & Senior Vice President
  • Dantaya M. WilliamsDantaya M. Williams
    Chief Human Resources Officer & Executive VP

RTX Stock - Frequently Asked Questions

Should I buy or sell Raytheon Technologies stock right now?

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Raytheon Technologies in the last twelve months. There are currently 5 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" RTX shares.
View RTX analyst ratings
or view top-rated stocks.

What is Raytheon Technologies' stock price forecast for 2023?

11 analysts have issued 1-year target prices for Raytheon Technologies' shares. Their RTX share price forecasts range from $105.00 to $120.00. On average, they expect the company's share price to reach $111.88 in the next year. This suggests a possible upside of 18.9% from the stock's current price.
View analysts price targets for RTX
or view top-rated stocks among Wall Street analysts.

How have RTX shares performed in 2023?

Raytheon Technologies' stock was trading at $100.92 on January 1st, 2023. Since then, RTX shares have decreased by 6.8% and is now trading at $94.07.
View the best growth stocks for 2023 here

When is Raytheon Technologies' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 25th 2023.
View our RTX earnings forecast

How were Raytheon Technologies' earnings last quarter?

Raytheon Technologies Co. (NYSE:RTX) announced its quarterly earnings data on Tuesday, April, 25th. The company reported $1.22 EPS for the quarter, beating analysts' consensus estimates of $1.13 by $0.09. The company earned $17.21 billion during the quarter, compared to the consensus estimate of $16.98 billion. Raytheon Technologies had a net margin of 8.08% and a trailing twelve-month return on equity of 9.81%. The company's quarterly revenue was up 9.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.15 earnings per share.
Read the conference call transcript

How often does Raytheon Technologies pay dividends? What is the dividend yield for Raytheon Technologies?

Raytheon Technologies declared a quarterly dividend on Monday, April 24th. Stockholders of record on Friday, May 19th will be paid a dividend of $0.59 per share on Thursday, June 15th. This represents a $2.36 annualized dividend and a dividend yield of 2.51%. The ex-dividend date of this dividend is Thursday, May 18th. This is an increase from the stock's previous quarterly dividend of $0.55.
Read our dividend analysis for RTX

Is Raytheon Technologies a good dividend stock?

Raytheon Technologies (NYSE:RTX) pays an annual dividend of $2.36 per share and currently has a dividend yield of 2.54%. The company has been increasing its dividend for 30 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 62.93%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RTX will have a dividend payout ratio of 41.48% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RTX.

How will Raytheon Technologies' stock buyback program work?

Raytheon Technologies declared that its Board of Directors has initiated a share repurchase plan on Monday, December 12th 2022, which authorizes the company to buyback $6,000,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 4.1% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's management believes its shares are undervalued.

What guidance has Raytheon Technologies issued on next quarter's earnings?

Raytheon Technologies updated its FY 2023 earnings guidance on Thursday, April, 27th. The company provided earnings per share (EPS) guidance of $4.90-$5.05 for the period, compared to the consensus earnings per share estimate of $5.01. The company issued revenue guidance of $72.00 billion-$73.00 billion, compared to the consensus revenue estimate of $72.43 billion.

What is Gregory J. Hayes' approval rating as Raytheon Technologies' CEO?

184 employees have rated Raytheon Technologies Chief Executive Officer Gregory J. Hayes on Glassdoor.com. Gregory J. Hayes has an approval rating of 84% among the company's employees.

What other stocks do shareholders of Raytheon Technologies own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Raytheon Technologies investors own include AT&T (T), Johnson & Johnson (JNJ), NVIDIA (NVDA), Boeing (BA), Intel (INTC), Cisco Systems (CSCO), Home Depot (HD), Walt Disney (DIS), Alibaba Group (BABA) and Verizon Communications (VZ).

What is Raytheon Technologies' stock symbol?

Raytheon Technologies trades on the New York Stock Exchange (NYSE) under the ticker symbol "RTX."

Who are Raytheon Technologies' major shareholders?

Raytheon Technologies' stock is owned by a number of retail and institutional investors. Top institutional investors include State Street Corp (8.54%), BlackRock Inc. (6.93%), Wellington Management Group LLP (2.80%), Dodge & Cox (2.29%), Geode Capital Management LLC (1.80%) and Clearbridge Investments LLC (1.14%). Insiders that own company stock include Amy L Johnson, Christopher T Calio, Dantaya M Williams, Dinesh C Paliwal, Frank R Jimenez, Frank R Jimenez, Gregory Hayes, James A Winnefeld Jr, Michael R Dumais, Robert Kelly Ortberg, Shane G Eddy, Thomas A Kennedy, Tracy A Atkinson, Wesley D Kremer and Wesley D Kremer.
View institutional ownership trends

How do I buy shares of Raytheon Technologies?

Shares of RTX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Raytheon Technologies' stock price today?

One share of RTX stock can currently be purchased for approximately $94.07.

How much money does Raytheon Technologies make?

Raytheon Technologies (NYSE:RTX) has a market capitalization of $137.45 billion and generates $67.07 billion in revenue each year. The company earns $5.20 billion in net income (profit) each year or $3.75 on an earnings per share basis.

How many employees does Raytheon Technologies have?

The company employs 182,000 workers across the globe.

Does Raytheon Technologies have any subsidiaries?
The following companies are subsidiares of Raytheon Technologies: 9G Elevator Pte. Ltd., AMI Industries Inc, Allyn Holdings Inc., Applied Signal Technology Inc, Arabian Air Conditioning Company, Ardmore Holdings S.a.r.l., Ashworth Holdings Sarl, Augusta (Gibraltar) Holdings I Limited, Automated Logic Corporation, B/E Aerospace (UK) Limited, B/E Aerospace B.V., B/E Aerospace B.V. - Phillipines, B/E Aerospace Holdings GmbH, B/E Aerospace Inc., BE Aerospace (UK) Europe Holdings Limited, BE Aerospace Global Holding B.V., BE Aerospace Global Holdings Limited, BE Aerospace Holdings (UK) Limited, BE Aerospace International Holdings Limited, BE Aerospace Investments Holdings II S.A.R.L - Barbados, BE Aerospace Investments Holdings II S.a r.l., BE Aerospace Investments Holdings Ltd., BE Aerospace Thermal and Power Management Holdings (UK) Limited, BEA (Barbados) DRE SRL, BEA (Barbados) Global Holdings SRL, BEA (Barbados) International Holdings SRL, BEA Jersey Limited, BET Security and Communications Limited, Bedford Holdings B.V., Beesail Limited, Belgium Parkview BVBA, Blackbird Technologies, Blades Technology Ltd., Blue Canyon Technologies, CTU Of Delaware Inc., Caricor Ltd., Carrier Asia Limited, Carrier Corporation, Carrier Enterprise LLC, Carrier HVACR Investments B.V., Carrier Mexico S.A. de C.V., Carrier Refrigeration ECR Holding Luxembourg S.a r.l., Carrier Refrigeration Switzerland Ltd, Carrier Transicold Europe, Ceesail Limited, Chubb Fire & Security Limited, Chubb Fire & Security Pty Ltd, Chubb Fire Limited, Chubb France, Chubb Group Limited, Chubb Group Security Limited, Chubb International (Netherlands) BV, Chubb International Holdings Limited, Chubb Limited, Chubb Nederland B.V., Commonwealth Luxembourg Holdings S.à r.l., Concord Luxembourg S.à r.l., Delancey Holdings B.V., Delavan Inc, Detector Electronics Corporation, Devonshire Switzerland Holdings GmbH, Eagle Services Asia Private Limited, Elevadores Otis Ltda., Empresas Carrier S. de R.L. de C.V., Forcepoint, Foreground Security, Goodrich, Goodrich Actuation Systems Limited, Goodrich Aerospace Canada Ltd, Goodrich Aftermarket Services Limited, Goodrich Canada Inc, Goodrich Control Systems, Goodrich Control Systems Inc., Goodrich Inertial Limited, Goodrich Limited, Goodrich Luxembourg S.A.R.L., Goodrich Pump & Engine Control Systems Inc., Goodrich Systems Limited, Goodrich XCH Luxembourg B.V./S.a.r.l. (Dual Dutch/Lux Citizenship), HEJ Holding Inc., Hamilton Sundstrand Aviation Services Inc., Hamilton Sundstrand Corporation, Hamilton Sundstrand Holdings Inc., Hamilton Sundstrand International Holdings (Luxembourg) S.à r.l., Hamilton Sundstrand de Puerto Rico Inc., Henggeler Computer Consultants, Highland Holdings S.a.r.l, IAE International Aero Engines AG, JPS Communications, Kidde Fire Protection Inc., Kidde Fire Protection Inc., Kidde Products Limited, Kidde Technologies Inc., Kidde UK, Kidde US Holdings Inc., Koninklijke Fabriek Inventum B.V., Latin American Holding Inc., Matlock Holdings Ltd, Menasco Aerosystems Inc., Microtecnica S.r.l., Mulberry Holdings LLC, NSI Inc., Nicoll Holdings S.a.r.l, Nippon Otis Elevator Company, Noresco LLC, Oakley Networks, Otis Electric Elevator Company Limited, Otis Elevator (China) Company Limited, Otis Elevator Company, Otis Elevator Korea, Otis Far East Holdings Limited, Otis Gesellschaft m.b.H, Otis Holdings GmbH & Co. OHG, Otis International Holdings GmbH, Otis Investments Limited, Otis Pacific Holdings B.V., Otis S.C.S., Parkview Treasury Services (UK) Limited, Photon Research Associates, Pikewerks, Poseidon Scientific Instruments Pty Ltd., Pratt & Whitney Aero Engines International Gmbh, Pratt & Whitney Canada Corp., Pratt & Whitney Canada Holdings Corp., Pratt & Whitney Canada Leasing Limited Partnership, Pratt & Whitney Component Solutions Inc., Pratt & Whitney Compressor Airfoil Holdings Inc., Pratt & Whitney Engine Leasing LLC, Pratt & Whitney Engine Services Inc., Pratt & Whitney Rzeszow S.A., Pratt & Whitney Services Inc., Pratt Aero Limited Partnership, RIELLO GROUP S.P.A, RIELLO S.P.A., Ratier-Figeac SAS, Raytheon BBN Technologies, Raytheon Secure Information Systems, Raytheon Solipsys, Rockwell Collins Inc., Rockwell Collins International Financing S.A.R.L - Barbados, Rockwell Collins Technologies LLC, Rohr Inc., Rosemount Aerospace Inc., SI Government Solutions, SICLI Holding SAS, Sensitech Inc., Shanghai Pratt & Whitney Aircraft Engine Maintenance Company Limited, Silver Lake Holdings S.à r.l., Simmonds Precision Products Inc., Sirius (Korea) Limited, TSI Group Inc., Technology Associates, Telemus Solutions, Teligy, Thomas Houston Associates inc., Trenton Luxembourg S.à r.l., Trumbull Holdings SCS, Trusted Computer Solutions, UT Finance Corporation, UT Luxembourg Holding II S.à r.l., UT Park View Inc., UTC (US) LLC, UTC Australia Commercial Holdings Pty Ltd, UTC Canada Corporation, UTC Corporation, UTC Fire & Security Americas Corporation Inc., UTC Fire & Security Canada Inc., UTC Fire & Security Luxembourg S.a r.l., UTC Investments Australia Pty Limited, UTCL Corp., UTCL Investments B.V., UTX Holdings S.C.S., United Technologies, United Technologies Corporation [DE], United Technologies Electronic Controls Inc., United Technologies Far East Limited, United Technologies France SAS, United Technologies Holding GmbH, United Technologies Holdings Italy Srl, United Technologies Holdings Limited, United Technologies Holdings SAS, United Technologies Intercompany Lending Ireland Designated Activity Company, United Technologies International Corporation, United Technologies International Corporation-Asia Private Limited, United Technologies Luxembourg S.à r.l., United Technologies Paris S.A.S., United Technologies South Asia Pacific Pte. Ltd, Virtual Technology Corporation, Visual Analytics, Walter Kidde Portable Equipment Inc., and Zardoya Otis S.A..
Read More
How can I contact Raytheon Technologies?

Raytheon Technologies' mailing address is 870 Winter Street, Waltham MA, 02451. The official website for the company is www.rtx.com. The company can be reached via phone at (781) 522-3000, via email at investors@rtx.com, or via fax at 860-728-7028.

This page (NYSE:RTX) was last updated on 6/2/2023 by MarketBeat.com Staff

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