Suffolk Capital Management LLC Decreased Its Stake in Raytheon Company (RTN) by $3.84 Million

June 27, 2018 - By Heather Owens

Raytheon Company (NYSE:RTN) Corporate LogoDuring 2018 Q1 the big money sentiment decreased to 0.98. That’s change of 0.11, from 2017Q4’s 1.09. 55 investors sold all, 396 reduced holdings as RTN ratio fall. 336 increased positions while 105 funds took positions. Funds hold 201.09 million shares thus 0.71% less from 2017Q4’s 202.53 million shares. Schafer Cullen Cap Mgmt Inc has 618,206 shs. Auxier Asset reported 0.58% in Raytheon Company (NYSE:RTN). Retirement Of Alabama holds 0.31% in Raytheon Company (NYSE:RTN) or 287,262 shs. Cadence National Bank & Trust Na accumulated 1.12% or 13,074 shs. Cibc Asset Management invested 0.04% in Raytheon Company (NYSE:RTN). Brown Advisory Incorporated stated it has 0.06% of its capital in Raytheon Company (NYSE:RTN). Dowling Yahnke Limited Liability Com reported 1.56% in Raytheon Company (NYSE:RTN). M&R Capital Management invested in 325 shs or 0.02% of the stock. 1,885 are owned by Qcm Cayman. Hl Fin Ltd Liability Co holds 0.04% or 10,887 shs. Tiaa Cref Invest Mgmt Ltd Liability Corporation holds 1.46M shs or 0.21% of its capital. Commonwealth Of Pennsylvania School Empls Retrmt Systems has invested 0.08% in Raytheon Company (NYSE:RTN). Supplemental Annuity Collective Of Nj reported 3,000 shs. Howland Cap Mgmt Limited Liability Company has invested 0.09% in Raytheon Company (NYSE:RTN). Winch Advisory Services Limited Liability Corp owns 232 shs.

RTN registered $32.55 million net activity with 1 buying transaction and 24 selling transactions since January 2, 2018. Shares for $2.80M were sold by Lawrence Taylor W on Tuesday, February 13. Jimenez Frank R also sold $320,152 worth of Raytheon Company (NYSE:RTN) shs. Shares for $112,078 were sold by Wood Michael J on Thursday, March 29. Shares for $323,961 were sold by RHOADS REBECCA R. $2.03 million worth of stock was sold by Kremer Wesley D on Wednesday, March 28. Paliwal Dinesh C also bought $249,895 worth of Raytheon Company (NYSE:RTN) on Monday, April 30.

Based on the latest 2018Q1 regulatory filing with the SEC, Suffolk Capital Management Llc reduced its holdings in Raytheon Company (RTN) by 25.64%. 17,879 shares were sold by Suffolk Capital Management Llc as the company’s stock declined 3.91% with the market. The industrial machinery and components company reported $11.19M value for the 2018Q1. Now the institutional investor is holding 51,852 shares, compared to the 69,731 from the previous quarter. $55.70 billion is the MC of Raytheon Company. RTN reached $193.91 during the last trading session after $0.39 change.Currently Raytheon Company is uptrending after 29.53% change in last June 27, 2017. RTN has 1.69 million shares volume. The stock outperformed the S&P500 by 16.96%.

About $1.92 billion and $705.99M US Long portfolio Suffolk Capital Management Llc operates. According to a filing the fund rose its stake in Metlife Inc. (NYSE:MET) by 147,302 shares to 152,743 shares, valued at $7.01 million in 2018Q1. Suffolk Capital Management Llc has risen its stake in Lincoln National Corp. (NYSE:LNC) and also increased its holding in Caterpillar Inc. (NYSE:CAT) by 27,068 shares in the quarter, for a total of 76,667 shares.

On July, 26 is awaited Raytheon Company (NYSE:RTN)’s earnings report, as reported by RTT. This year’s EPS analyst estimate is awaited to be $2.32. That is 17.17 % up compareed to $1.98 EPS for last year. RTN’s profit could be $666.42 million if the current EPS of $2.32 is accurate. Wall Street sees 5.45 % EPS growth as of July, 26.

For more Raytheon Company (NYSE:RTN) news released briefly go to: Seekingalpha.com, Seekingalpha.com, Fool.com, Streetinsider.com or Seekingalpha.com. The titles are as follows: “Wall Street Breakfast: Oil Back Above $70” released on June 27, 2018, “Raytheon: Technology-Focused Defense Player” on June 05, 2018, “Better Buy: Raytheon Company (RTN) vs. Northrop Grumman (NOC)” with a publish date: June 25, 2018, “Raytheon (RTN) Appoints Marta R. Stewart to Board” and the last “Buy Lockheed Martin On Weakness – Cramer’s Lightning Round (6/14/18)” with publication date: June 15, 2018.

Raytheon Company (NYSE:RTN) Ratings Coverage

A total of 10 analysts rate Raytheon (NYSE:RTN) as follows: 8 “Buy”, 2 “Hold” and 0 “Sell”. Тherefore 80% are bullish. The firm has $26200 highest and $210.0 lowest target. The avg target $235.50 is 21.45% above the last ($193.91) price. (NYSE:RTN) has 14 ratings reports on Jun 27, 2018 according to StockzIntelligence. On Tuesday, January 23 the firm has “Buy” rating by RBC Capital Markets given. On Friday, January 26 the stock has “Buy” rating by Stifel Nicolaus. On Monday, January 8 Stifel Nicolaus maintained Raytheon Company (NYSE:RTN) rating. Stifel Nicolaus has “Buy” rating and $210.0 target. The company rating was maintained by Bernstein on Monday, January 29. On Thursday, January 25 the firm has “Buy” rating by Jefferies given. On Tuesday, April 17 the firm earned “Buy” rating by Cowen & Co. On Monday, January 8 Jefferies maintained Raytheon Company (NYSE:RTN) rating. Jefferies has “Buy” rating and $220.0 target. On Friday, April 6 RBC Capital Markets maintained Raytheon Company (NYSE:RTN) with “Buy” rating. On Tuesday, May 22 the firm earned “Neutral” rating by Credit Suisse. On Thursday, April 12 Morgan Stanley maintained Raytheon Company (NYSE:RTN) rating. Morgan Stanley has “Overweight” rating and $238 target.

Raytheon Company (NYSE:RTN) Institutional Investors Chart

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