5 Best Robotics Stocks for 2021

Page 1 of 5

In this article we discuss the 5 best robotics stocks for 2021. If you want to read our detailed analysis of the robotics industry, go directly to 10 Best Robotics Stocks for 2021.

5. Raytheon Technologies Corporation (NYSE: RTX)

Raytheon Technologies Corporation (NYSE: RTX) is a Waltham-based multinational company working in the aerospace and defense industries. Raytheon uses robotics technology to make systems that inform soldiers where the enemy is hiding. Its hypersonic solutions, unmanned vehicles, anti-drone technology equipped with EMP (electromagnetic pulse) and bomb disposal systems have robotics in play. The defense company is also using robots to automate its missile production lines.

The company has a market cap of over $118 billion and posted more than $56 billion in profits in December 2020. Last month, the company secured a $518 million contract with the US Air Force for a new medium air missile system. The contract also involves foreign military sales and is expected to be completed by 2023. As US President Biden pursues a plan to tax American companies that have businesses overseas, Raytheon earlier this month said the plan could cost the firm $1 billion and would also affect research and development projects. 

At the end of Q4 2020, 59 hedge funds out of 887 in the Insider Monkey database held stakes in Raytheon Technologies Corporation, up from 55 out of 817 in Q3 2020. The total value of the shares held by these hedge funds in Q4 2020 was over $2.7 billion, down from 2.9 billion in the preceding quarter. Out of the hedge funds being tracked by Insider Monkey, Washington-based investment management firm Fisher Asset Management held the most shares – 5,915,155 – worth $422 million. Soroban Capital Partners was 2nd with 5,676,970 shares worth more than $405 million.

Page 1 of 5