5 Best Technology Stocks That Outperformed in 2022

4. Raytheon Technologies Corporation (NYSE:RTX)

Year to Date Return as of December 14: 14.92%

Number of Hedge Fund Holders: 55

Raytheon Technologies Corporation (NYSE:RTX) is a leading maker of aviation and defense system technologies whose shares have surged 14.92% year to date as of December 14. In Q3, Raytheon Technologies Corporation (NYSE:RTX) reported adjusted EPS of $1.21 on sales of $16.95 billion versus the consensus of $1.14 on revenue of $17.23 billion. The company also raised FY22 adjusted EPS guidance to $4.70-$4.80 from the previous $4.60-$4.80.

Given Raytheon Technologies Corporation (NYSE:RTX)’s strong business, analysts expect the company to earn $4.76 per share in 2022, $5.08 per share in 2023, and $6.02 per share in 2024.