RTX Co. (NYSE:RTX) VP Amy L. Johnson Sells 4,146 Shares

RTX Co. (NYSE:RTX) VP Amy L. Johnson sold 4,146 shares of the business’s stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $127.54, for a total transaction of $528,780.84. Following the transaction, the vice president now directly owns 9,546 shares of the company’s stock, valued at approximately $1,217,496.84. This trade represents a 30.28 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

RTX Trading Up 1.1 %

Shares of NYSE:RTX opened at $128.87 on Friday. The stock has a market capitalization of $172.16 billion, a price-to-earnings ratio of 36.30, a PEG ratio of 2.11 and a beta of 0.60. RTX Co. has a 1-year low of $99.07 and a 1-year high of $136.17. The company has a 50 day moving average price of $128.26 and a 200 day moving average price of $123.91. 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 issued its earnings results on Tuesday, April 22nd. The company reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.12. RTX had a return on equity of 12.45% and a net margin of 5.91%. The business had revenue of $20.31 billion for the quarter, compared to analysts’ expectations of $19.80 billion. On average, research analysts anticipate that RTX Co. will post 6.11 EPS for the current fiscal year.

RTX Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Friday, May 23rd will be issued a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 2.11%. This is a boost from RTX’s previous quarterly dividend of $0.63. The ex-dividend date of this dividend is Friday, May 23rd. RTX’s dividend payout ratio (DPR) is presently 79.77%.

Institutional Investors Weigh In On RTX

Hedge funds have recently made changes to their positions in the company. CX Institutional raised its position in RTX by 21.9% during the fourth quarter. CX Institutional now owns 65,150 shares of the company’s stock valued at $7,539,000 after buying an additional 11,706 shares during the period. National Pension Service increased its stake in RTX by 15.1% in the 4th quarter. National Pension Service now owns 2,859,573 shares of the company’s stock valued at $330,910,000 after buying an additional 375,781 shares during the period. Czech National Bank lifted its position in RTX by 6.5% in the 4th quarter. Czech National Bank now owns 288,591 shares of the company’s stock worth $33,396,000 after buying an additional 17,608 shares in the last quarter. Archer Investment Corp raised its holdings in shares of RTX by 370.3% during the fourth quarter. Archer Investment Corp now owns 5,272 shares of the company’s stock worth $610,000 after acquiring an additional 4,151 shares in the last quarter. Finally, Optas LLC boosted its position in RTX by 114.5% during the fourth quarter. Optas LLC now owns 7,062 shares of the company’s stock valued at $817,000 after purchasing an additional 3,770 shares during the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Analyst Upgrades and Downgrades

RTX has been the subject of several recent analyst reports. DZ Bank upgraded shares of RTX from a “sell” rating to a “hold” rating and set a $129.00 target price for the company in a research report on Friday, April 25th. Argus upgraded RTX from a “hold” rating to a “buy” rating in a research report on Tuesday, February 11th. Bank of America boosted their price target on RTX from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. JPMorgan Chase & Co. lowered their price target on RTX from $150.00 to $145.00 and set an “overweight” rating on the stock in a report on Monday, April 28th. Finally, Royal Bank of Canada reduced their price objective on shares of RTX from $150.00 to $140.00 and set an “outperform” rating for the company in a report on Wednesday, April 23rd. Three analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $161.06.

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.