RTX (NYSE:RTX) EVP Dantaya Williams Sells 9,071 Shares of Stock

RTX Corporation (NYSE:RTX – Get Free Report) EVP Dantaya Williams sold 9,071 shares of the company’s stock in a transaction on Friday, October 30th. The stock was sold at an average price of $201.70, for a total transaction of $1,829,620.70. Following the transaction, the executive vice president owned 16,930 shares of the company’s stock, valued at $3,414,781. This trade represents a 34.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

RTX Stock Up 0.4%

Shares of RTX opened at $203.70 on Wednesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.81 and a current ratio of 1.05. RTX Corporation has a 52 week low of $166.74 and a 52 week high of $226.88. The stock has a market capitalization of $274.88 billion, a price-to-earnings ratio of 33.07, a PEG ratio of 2.26 and a beta of 0.30. The stock has a fifty day moving average of $194.55 and a 200-day moving average of $195.62.

RTX (NYSE:RTX – Get Free Report) last issued its quarterly earnings data on Tuesday, October 20th. The company reported $2.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.48. RTX had a return on equity of 14.89% and a net margin of 8.75%. The business had revenue of $24.96 billion for the quarter, compared to analyst estimates of $24.11 billion. During the same quarter in the previous year, the company posted $1.70 EPS. RTX’s quarterly revenue was up 11.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that RTX Corporation will post 7.67 earnings per share for the current fiscal year.

RTX Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Friday, November 20th will be issued a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, November 20th. RTX’s payout ratio is 47.40%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on RTX. Sanford C. Bernstein dropped their price objective on shares of RTX from $223.00 to $214.00 and set a “market perform” rating for the company in a report on Thursday, October 15th. Citigroup reissued a “buy” rating on shares of RTX in a report on Wednesday, October 7th. TD Cowen decreased their price target on shares of RTX from $240.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, October 9th. Barclays raised their price target on shares of RTX from $223.00 to $235.00 and gave the company an “overweight” rating in a research note on Wednesday, October 21st. Finally, Royal Bank Of Canada cut their price target on shares of RTX from $250.00 to $235.00 and set an “outperform” rating on the stock in a report on Thursday, October 15th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, RTX has a consensus rating of “Moderate Buy” and a consensus price target of $231.24.

Check Out Our Latest Stock Analysis on RTX

Key RTX News

Here are the key news stories impacting RTX this week:

Hedge Funds Weigh In On RTX

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. University of Texas Texas AM Investment Management Co. boosted its stake in RTX by 58.9% in the third quarter. University of Texas Texas AM Investment Management Co. now owns 693 shares of the company’s stock worth $129,000 after buying an additional 257 shares in the last quarter. Almanack Investment Partners LLC. raised its stake in shares of RTX by 2.3% during the third quarter. Almanack Investment Partners LLC. now owns 7,289 shares of the company’s stock worth $1,353,000 after acquiring an additional 161 shares in the last quarter. M Holdings Securities Inc. purchased a new position in shares of RTX during the third quarter worth approximately $2,565,000. Brighton Jones LLC raised its stake in shares of RTX by 18.1% during the third quarter. Brighton Jones LLC now owns 31,836 shares of the company’s stock worth $5,910,000 after acquiring an additional 4,888 shares in the last quarter. Finally, Cullinan Associates Inc. lifted its holdings in shares of RTX by 11.8% in the 3rd quarter. Cullinan Associates Inc. now owns 17,391 shares of the company’s stock worth $3,229,000 after acquiring an additional 1,833 shares during the last quarter. 86.50% of the stock is owned by institutional investors and hedge funds.

About RTX

(Get Free Report)

RTX Corporation (NYSE: RTX) is an aerospace and defense company that develops and manufactures products and systems for commercial aviation, business aviation, military aircraft and government customers. Its portfolio includes aircraft engines, avionics, flight-control systems, cabin interiors, communications equipment, air and missile defense systems, precision weapons, radars and advanced sensors.

The company operates through three principal businesses: Collins Aerospace, which supplies aerospace systems and components; Pratt & Whitney, which designs and produces aircraft engines and related services; and Raytheon, which provides defense and intelligence technologies.

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Insider Buying and Selling by Quarter for RTX (NYSE:RTX)

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