|Bid||0.00 x 900|
|Ask||0.00 x 800|
|Day's Range||85.12 - 92.23|
|52 Week Range||69.02 - 158.44|
|Beta (5Y Monthly)||1.26|
|PE Ratio (TTM)||13.42|
|Forward Dividend & Yield||2.94 (3.42%)|
|Ex-Dividend Date||Feb 12, 2020|
|1y Target Est||N/A|
Raytheon Technologies debuted on the Dow Jones Industrial Average Friday after the closing of its massive merger.
Raytheon Technologies shares began trading after Raytheon and United Technologies merged. The stock of Carrier and Otis, units spun off by United Technologies, also began changing hands.
A mega-merger almost a year in the making is now complete. Defense contractor Raytheon Corp. finalized its merger with United Technologies Corp. Friday to officially form Raytheon Technologies Corp. (NYSE: RTX), per a filing with the Securities and Exchange Commission. The deal, which had been in the works since the companies announced their proposed “merger of equals” in June, creates one of the world's largest aerospace and defense companies with 195,000 employees and roughly $74 billion in 2019 net sales.
Among past week's highlights, a handful of defense majors won notable deals from Pentagon. However, coronavirus-led broader market turmoil affects share price performance of defense stocks.
The Dow Jones Industrial Average will look a little different Friday, as the company formerly known as United Technologies no longer exists, with the industrial company's name changing to Raytheon Technologies Corp. and the ticker symbol changing to "RTX." The change comes after United Technologies completed the spinoff of Carrier Global Corp. and Otis Worldwide Corp. The S&P 500 will also look a little different, as Carrier, with a new ticker symbol of "CARR," and Otis, with a ticker of "OTIS," have been added as of Friday, while Raytheon and Macy's Inc. have been deleted. Shares of Carrier, Otis and Raytheon Technologies have not yet traded in the premarket.
DOW UPDATE Dragged down by negative returns for shares of Walgreens Boots and UnitedHealth, the Dow Jones Industrial Average is falling Thursday morning. Shares of Walgreens Boots (WBA) and UnitedHealth (UNH) have contributed to the blue-chip gauge's intraday decline, as the Dow (DJIA) was most recently trading 154 points (0.
Unfortunately for some shareholders, the United Technologies (NYSE:UTX) share price has dived 31% in the last thirty...
Barron’s has found eight S&P 500 Dividend Aristocrats that look like they can weather the coronavirus crisis with its payouts intact, if not higher.
Carrier Global and Otis Worldwide are being added to the S&P 500 Dividend Aristocrats club after getting spun out of the merger that married United Technologies and Raytheon.
DOW UPDATE Shares of American Express and United Technologies are retreating Wednesday morning, sending the Dow Jones Industrial Average into a slump. Shares of American Express (AXP) and United Technologies (UTX) are contributing to the blue-chip gauge's intraday decline, as the Dow (DJIA) was most recently trading 522 points, or 2.
Covid-19 put the brakes on the U.S. mergers and acquisitions market in the first quarter, with volume for announced transactions plunging 51%, according to Refinitiv.
DOW UPDATE The Dow Jones Industrial Average is down Tuesday afternoon with shares of Procter & Gamble and Home Depot seeing the biggest drops for the price-weighted average. Shares of Procter & Gamble (PG) and Home Depot (HD) are contributing to the index's intraday decline, as the Dow (DJIA) was most recently trading 193 points lower (-0.
Moody's Investors Service ("Moody's") assigned a P-3 short term rating to Carrier Global Corporation's ("Carrier") new $2 billion commercial paper program. The rating action does not impact Moody's other ratings for Carrier, including the Baa3 senior unsecured debt ratings.
Moody's Investors Service ("Moody's") assigned a P-2 short term rating to Otis Worldwide Corporation's ("Otis") new $1.5 billion commercial paper program. The rating action does not impact Moody's other ratings for Otis, including the Baa2 senior unsecured debt ratings.
The all-stock merger of the Waltham-based defense contractor and the Connecticut-based industrial giant is set to close this week.
Tucson missile maker Raytheon Co. says a new $1 billion multiyear deal for propulsion systems from California-based Aerojet Rocketdyne will result in savings for the U.S. Department of Defense and American taxpayers. Raytheon said in an announcement the multiyear deal allows it to save money in its supply chain as it fulfills contracts with the Missile Defense Agency and U.S. Navy.