Dantaya M. Williams Sells 14,031 Shares of RTX Co. (NYSE:RTX) Stock

RTX Co. (NYSE:RTX) EVP Dantaya M. Williams sold 14,031 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $129.23, for a total transaction of $1,813,226.13. Following the sale, the executive vice president now directly owns 44,415 shares in the company, valued at approximately $5,739,750.45. The trade was a 24.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

RTX Stock Down 0.6 %

Shares of RTX stock opened at $128.07 on Friday. The company has a market cap of $170.60 billion, a P/E ratio of 36.08, a PEG ratio of 2.17 and a beta of 0.82. The firm has a fifty day moving average of $119.99 and a two-hundred day moving average of $120.07. 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 one year low of $88.90 and a one year high of $132.43.

RTX (NYSE:RTX) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.19. RTX had a net margin of 5.91% and a return on equity of 12.45%. On average, analysts forecast that RTX Co. will post 6.12 earnings per share for the current year.

RTX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 21st will be issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date is Friday, February 21st. RTX’s dividend payout ratio is presently 70.99%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on RTX. Vertical Research upgraded RTX to a “strong-buy” rating in a research note on Tuesday, January 28th. StockNews.com raised RTX from a “hold” rating to a “buy” rating in a research report on Thursday. Royal Bank of Canada boosted their price target on shares of RTX from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. UBS Group lifted their price target on RTX from $128.00 to $142.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Finally, Morgan Stanley raised their price objective on shares of RTX from $130.00 to $135.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 29th. Five investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $163.07.

Institutional Investors Weigh In On RTX

Hedge funds and other institutional investors have recently bought and sold shares of the business. MidAtlantic Capital Management Inc. acquired a new stake in shares of RTX in the third quarter valued at about $29,000. Fairway Wealth LLC purchased a new stake in shares of RTX during the 4th quarter worth approximately $31,000. Western Pacific Wealth Management LP acquired a new stake in shares of RTX in the 3rd quarter worth approximately $41,000. Modus Advisors LLC purchased a new position in RTX in the 4th quarter valued at approximately $39,000. Finally, Comprehensive Financial Planning Inc. PA acquired a new position in RTX during the fourth quarter worth $40,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

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.