RTX Co. (NYSE:RTX) CFO Sells $2,100,981.30 in Stock

RTX Co. (NYSE:RTX) CFO Neil G. Mitchill, Jr. sold 16,118 shares of RTX stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $130.35, for a total transaction of $2,100,981.30. Following the completion of the transaction, the chief financial officer now directly owns 59,556 shares in the company, valued at $7,763,124.60. This represents a 21.30 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

RTX Stock Up 0.8 %

RTX stock opened at $129.75 on Thursday. The firm’s 50 day moving average price is $123.56 and its two-hundred day moving average price is $121.65. The firm has a market cap of $172.85 billion, a PE ratio of 36.55, a P/E/G ratio of 2.11 and a beta of 0.78. RTX Co. has a twelve month low of $89.44 and a twelve month high of $135.36. 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 (NYSE:RTX) last posted its earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.19. RTX had a return on equity of 12.45% and a net margin of 5.91%. On average, research analysts predict that RTX Co. will post 6.11 EPS for the current fiscal year.

RTX Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 21st will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date of this dividend is Friday, February 21st. RTX’s dividend payout ratio (DPR) is currently 70.99%.

Analysts Set New Price Targets

Several research analysts have issued reports on RTX shares. Susquehanna lifted their price target on shares of RTX from $139.00 to $147.00 and gave the stock a “positive” rating in a research report on Wednesday, January 29th. UBS Group raised RTX from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $142.00 to $147.00 in a research report on Monday, February 24th. Bank of America increased their price target on RTX from $145.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Wells Fargo & Company lifted their price target on RTX from $151.00 to $156.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Finally, Citigroup raised shares of RTX from a “neutral” rating to a “buy” rating and upped their price objective for the company from $132.00 to $153.00 in a research note on Tuesday, January 21st. Five equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, RTX has a consensus rating of “Moderate Buy” and a consensus price target of $163.40.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of RTX. MidAtlantic Capital Management Inc. bought a new position in RTX in the 3rd quarter valued at $29,000. 10Elms LLP bought a new stake in shares of RTX during the fourth quarter valued at approximately $29,000. Fairway Wealth LLC acquired a new stake in shares of RTX in the fourth quarter valued at approximately $31,000. Picton Mahoney Asset Management raised its position in RTX by 2,944.4% in the 4th quarter. Picton Mahoney Asset Management now owns 274 shares of the company’s stock worth $31,000 after purchasing an additional 265 shares during the last quarter. Finally, Greenline Partners LLC acquired a new position in RTX during the 4th quarter worth $34,000. 86.50% of the stock is owned by institutional investors and hedge funds.

About RTX

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.