|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|
|Earnings Date||Apr 20, 2020 - Apr 26, 2020|
|Forward Dividend & Yield||2.94 (3.42%)|
|Ex-Dividend Date||Feb 12, 2020|
|1y Target Est||144.47|
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.
Raytheon Technologies Corporation (NYSE: RTX) announced the successful completion of the all-stock merger of equals transaction between Raytheon Company and United Technologies Corporation on April 3, 2020, following the completion by United Technologies of its previously announced spin-offs of its Carrier and Otis businesses. Headquartered in Waltham, Mass., Raytheon Technologies is one of the largest aerospace and defense companies in the world with approximately $74 billion in pro forma 2019 net sales and a global team of 195,000 employees, including 60,000 engineers and scientists.
Carrier Global Corporation (NYSE: CARR) today debuted as an independent, publicly traded company after successfully completing its separation from United Technologies. Shares of Carrier, a global leader in creating building and refrigeration solutions that matter for people and our planet, will begin "regular-way" trading on the New York Stock Exchange (NYSE) today at market open under the symbol "CARR."
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.
Otis Worldwide Corporation (NYSE: OTIS) will begin its first day of "regular-way" common stock trading on the New York Stock Exchange (NYSE) today at market open after successfully completing its separation from United Technologies (NYSE: UTX). Otis originally listed its common stock on the NYSE in April 1920 and returns to the Exchange as the leader in the ~$75 billion industry that it created. Otis is the world's leading company for elevator and escalator manufacturing, installation and service.
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.
S&P; 500 and 100 constituent United Technologies Corp. (NYSE: UTX) is spinning off Otis Worldwide and Carrier Global and then merging with Raytheon in transactions expected to be completed on April 3. Post spin-off and merger transactions, United Technologies will remain in the S&P; 500 & 100 indices. It will change its name to Raytheon Technologies Corp. and its ticker symbol to RTX.
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.