Company profile

Ticker
RTX
Exchange
Website
CEO
Gregory J. Hayes
Employees
Incorporated in
Location
Fiscal year end
Former names
United Technologies Corp
SEC CIK
IRS number
60570975

RTX stock data

(
)

Calendar

7 May 20
3 Jul 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Sep 19 Jun 19 Mar 19 Dec 18
Revenue 19.5B 19.63B 18.37B 18.04B
Net income 1.15B 1.9B 1.35B 798M
Diluted EPS 1.33 2.2 1.56 0.83
Net profit margin 5.89% 9.68% 7.33% 4.42%
Operating income 2.49B 2.58B 2.05B 1.91B
Net change in cash 522M 579M 88M -7.65B
Cash on hand 7.34B 6.82B 6.24B 6.15B
Cost of revenue
Annual (USD) Dec 18 Dec 17 Dec 16 Dec 15
Revenue 66.5B 59.84B 57.24B 56.1B
Net income 5.65B 4.92B 5.43B 7.97B
Diluted EPS 6.5 5.7 6.12 8.61
Net profit margin 8.50% 8.22% 9.48% 14.20%
Operating income 8.55B 8.14B 8.22B 7.29B
Net change in cash -2.83B 1.83B 82M 1.85B
Cash on hand 6.15B 8.99B 7.16B 7.08B
Cost of revenue 12.93B 11.14B 10.66B

Financial data from company earnings reports

Date Owner Security Transaction Code $Price #Shares $Value #Remaining
10 Jun 20 Dantaya M Williams RSU Common Stock Grant Aquire A 0 14,630 0 14,630
12 May 20 Work Robert O Phantom Stock Unit Common Stock Grant Aquire A 65.07 3,136.93 204.12K 3,136.93
12 May 20 James A Winnefeld Jr Phantom Stock Unit Common Stock Grant Aquire A 65.07 4,767.174 310.2K 4,767.174
12 May 20 Rogers Brian C Phantom Stock Unit Common Stock Grant Aquire A 65.07 4,767.174 310.2K 17,304.036
73.9% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 1549 2066 -25.0%
Opened positions 91 259 -64.9%
Closed positions 608 91 +568.1%
Increased positions 572 774 -26.1%
Reduced positions 717 741 -3.2%
13F shares
Current Prev Q Change
Total value 377.97B 654.63B -42.3%
Total shares 639.94M 708.18M -9.6%
Total puts 3.69M 3.82M -3.3%
Total calls 17.33M 16.01M +8.3%
Total put/call ratio 0.2 0.2 -10.7%
Largest owners
Shares Value Change
STT State Street 90.56M $8.54B +0.2%
Vanguard 72.18M $6.81B +2.7%
BLK BlackRock 53.87M $5.08B -6.5%
Wellington Management 21.96M $2.07B -6.3%
BAC Bank of America 20.33M $1.92B +15.3%
Dodge & Cox 19.04M $1.8B +12.3%
JPM JPMorgan Chase & Co. 13M $1.23B +5.9%
Geode Capital Management 11.62M $1.09B +1.1%
MS Morgan Stanley 11.45M $1.08B -4.0%
Clearbridge Advisors 10.75M $1.01B +105.5%
Largest transactions
Shares Bought/sold Change
Capital International Investors 0 -8.82M EXIT
Norges Bank 0 -8.63M EXIT
Clearbridge Advisors 10.75M +5.52M +105.5%
Capital Research Global Investors 0 -5.28M EXIT
FMR 6.6M -4.96M -42.9%
Massachusetts Financial Services 10.49M -4.54M -30.2%
BLK BlackRock 53.87M -3.77M -6.5%
Barrow Hanley Mewhinney & Strauss 0 -3.73M EXIT
CMTDF Sumitomo Mitsui Trust 0 -3.58M EXIT
Citadel Advisors 1.24M -3.4M -73.3%

Financial report summary

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Risks
  • Our Business May be Adversely Affected by Changes in Global Economic, Capital Market and Political Conditions.
  • Changes in U.S. Government Defense Spending Could Negatively Impact our Financial Position, Results of Operations, Liquidity and Overall Business.
  • We Face Risks Relating to Our U.S. Government Contracts and the Mix of our U.S. Government Contracts and Programs that Could Negatively Impact our Financial Condition, Results of Operations, Liquidity and Overall Business.
  • Our International Operations Subject Us to Economic Risk As Our Results of Operations and Liquidity May Be Adversely Affected by Changes in Foreign Currency Fluctuations, Economic Conditions, Political Factors, Trade Policies, and Changes in Local Government Regulation.
  • Our Financial Performance Is Dependent on the Condition of the Aerospace Industry.
  • We Use a Variety of Raw Materials, Supplier-Provided Parts, Components, Sub-Systems and Contract Manufacturing Services in Our Businesses, and Significant Shortages, Supplier Capacity Constraints, Supplier Production Disruptions or Price Increases Could Increase Our Operating Costs and Adversely Impact the Competitive Positions of Our Products.
  • We Design, Manufacture and Service Products that Incorporate Advanced Technologies; The Introduction of New Products and Technologies Involves Risks and We May Not Realize the Degree or Timing of Benefits Initially Anticipated; Competition within Our Markets May Reduce Our Revenues and Market Share and Limit Our Future Market Opportunities.
  • Exports and Imports of Certain of Our Products Are Subject to Various Export Control, Sanctions and Import Regulations and May Require Authorization From the U.S. Department of State, the U.S. Department of Commerce, the U.S. Department of the Treasury, the U.S. Department of Homeland Security, the U.S. Department of Justice or Regulatory Agencies of Other Countries.
  • As a U.S. Government Contractor, We are Subject to Risks Relating to U.S. Government Audits, Investigations, and Disputes.
  • We Are Subject to Litigation, Environmental, Product Safety, Anti-Corruption and Other Legal and Compliance Risks.
  • Our Business and Financial Performance May Be Adversely Affected By Cyber-attacks on Information Technology Infrastructure and Products
  • Our Business and Financial Performance May Be Adversely Affected By Threats to Our Physical Security and Other Events Outside Our Control
  • We Depend On Our Intellectual Property, and Have Access to Certain Intellectual Property and Information of Our Customers and Suppliers; Infringement or Failure to Protect Our Intellectual Property Could Adversely Affect Our Future Growth and Success.
  • We Depend On the Recruitment and Retention of Qualified Personnel, and Our Failure to Attract, Train and Retain Such Personnel and to Maintain our Corporate Culture and High Ethical Standards Could Seriously Harm Our Business.
  • We Use Estimates in Accounting For Many of Our Programs, and Changes in our Estimates Could Adversely Affect Our Future Financial Results.
  • Additional Tax Expense or Additional Tax Exposures Could Affect Our Future Profitability.
  • Goodwill and Other Intangible Assets Represent a Significant Portion of Our Assets, and Any Impairment of These Assets Could Negatively Impact Our Results of Operations and Financial Condition.
  • We May Be Unable to Realize Expected Benefits From Our Cost Reduction and Restructuring Efforts and Our Profitability May Be Hurt or Our Business Otherwise Might Be Adversely Affected.
  • We May Be Unable to Successfully Integrate the Legacy Businesses of UTC and Raytheon and Realize the Anticipated Benefits of the Raytheon Merger.
  • We May Not Be Able to Engage in Desirable Capital-Raising or Strategic Transactions.
  • If Either Distribution, Together with Certain Related Transactions, Were to Fail to Qualify as a Transaction that is Generally Tax-Free, Including as a Result of Subsequent Acquisitions of Our Stock (Including Pursuant to the Raytheon Merger) or the Stock of Carrier or Otis, We Could Be Subject to Significant Tax Liabilities.
  • If We Fail to Manage Potential Future Acquisitions, Investments, Divestitures, Joint Ventures and Other Transactions Successfully, These Activities Could Adversely Affect Our Future Financial Results.
  • Quarterly Cash Dividends and Share Repurchases May Be Discontinued or Modified, Are Subject to a Number of Uncertainties, and May Affect the Price of Our Common Stock.
  • The Company’s amended and restated by-laws designate the state courts within the State of Delaware as the sole and exclusive forum for certain types of actions and proceedings that may be initiated by Company stockholders, which could discourage lawsuits against the Company and its directors, officers and employees.
Management Discussion
  • Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations
  • We are a global provider of high technology products and services to the building systems and aerospace industries. Our operations for the periods presented herein are classified into four principal business segments: Otis, Carrier, Pratt & Whitney, and Collins Aerospace Systems. Otis and Carrier are referred to as the "commercial businesses," while Pratt & Whitney and Collins Aerospace Systems are referred to as the "aerospace businesses."
  • Separation Transactions and Distributions. On April 2, 2020, United Technologies Corporation (“UTC”) (since renamed Raytheon Technologies Corporation) completed the previously announced separation of its business into three independent, publicly traded companies – UTC, Carrier Global Corporation (“Carrier”) and Otis Worldwide Corporation (“Otis”) (the “Separation”). The Separation was effected by the distributions (the “Distributions”) of all of the outstanding shares of Carrier common stock and all of the outstanding shares of Otis common stock to UTC shareowners who held shares of UTC common stock as of the close of business on March 19, 2020, the record date for the Distributions. UTC distributed 866,158,910 and 433,079,455 shares of common stock of Carrier and Otis, respectively in the Distributions, which was effective at 12:01 a.m., Eastern Time, on April 3, 2020. The financial statements of Raytheon Technologies Corporation for the period ended and as of March 31, 2020 include the financial position and results of Otis and Carrier. However, with the completion of the Separation Transactions and Distributions, the historical results of Otis and Carrier will be presented as discontinued operations in our second quarter financial statements.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
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