RTX Co. (NYSE:RTX - Get Free Report) EVP Dantaya M. Williams sold 16,922 shares of the company's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $137.62, for a total value of $2,328,805.64. Following the sale, the executive vice president now owns 16,538 shares of the company's stock, valued at approximately $2,275,959.56. The trade was a 50.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
RTX Price Performance
Shares of RTX stock opened at $138.99 on Friday. The business's 50 day moving average price is $129.50 and its 200-day moving average price is $125.61. The firm has a market cap of $185.68 billion, a P/E ratio of 39.15, a P/E/G ratio of 2.11 and a beta of 0.60. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 0.99. RTX Co. has a fifty-two week low of $99.07 and a fifty-two week high of $139.50.
RTX (NYSE:RTX - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The company reported $1.47 earnings per share for the quarter, beating analysts' consensus estimates of $1.35 by $0.12. RTX had a net margin of 5.91% and a return on equity of 12.45%. The business had revenue of $20.31 billion during the quarter, compared to the consensus estimate of $19.80 billion. On average, equities research analysts anticipate that RTX Co. will post 6.11 earnings per share for the current year.
RTX Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Friday, May 23rd will be paid a $0.68 dividend. This is an increase from RTX's previous quarterly dividend of $0.63. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date of this dividend is Friday, May 23rd. RTX's dividend payout ratio (DPR) is 79.77%.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in RTX. MorganRosel Wealth Management LLC purchased a new stake in RTX during the 1st quarter valued at approximately $26,000. 10Elms LLP bought a new position in RTX in the 4th quarter worth about $29,000. Fairway Wealth LLC bought a new stake in shares of RTX in the fourth quarter valued at about $31,000. Picton Mahoney Asset Management boosted its position in RTX by 2,944.4% during the 4th quarter. Picton Mahoney Asset Management now owns 274 shares of the company's stock valued at $31,000 after acquiring an additional 265 shares in the last quarter. Finally, Greenline Partners LLC bought a new stake in shares of RTX in the 4th quarter valued at about $34,000. 86.50% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on RTX. JPMorgan Chase & Co. reduced their price target on shares of RTX from $150.00 to $145.00 and set an "overweight" rating on the stock in a research note on Monday, April 28th. Susquehanna lowered their target price on RTX from $147.00 to $140.00 and set a "positive" rating on the stock in a research report on Wednesday, April 23rd. Robert W. Baird upgraded shares of RTX from a "neutral" rating to an "outperform" rating and increased their target price for the company from $136.00 to $160.00 in a report on Wednesday, March 19th. Cowen reissued a "buy" rating on shares of RTX in a research report on Friday, May 23rd. Finally, Wells Fargo & Company boosted their price objective on RTX from $136.00 to $144.00 and gave the company an "overweight" rating in a research note on Tuesday, April 15th. Three investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $159.82.
View Our Latest Analysis on RTX
RTX Company Profile
(
Get Free Report)
RTX Corporation, an aerospace and defense company, provides systems and services for the commercial, military, and government customers in the United States and internationally. It operates through three segments: Collins Aerospace, Pratt & Whitney, and Raytheon. The Collins Aerospace Systems segment offers aerospace and defense products, and aftermarket service solutions for civil and military aircraft manufacturers and commercial airlines, as well as regional, business, and general aviation, defense, and commercial space operations.
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