Insider Selling: RTX (NYSE:RTX) EVP Sells $1,829,620.70 in Stock

RTX Corporation (NYSE:RTX) EVP Dantaya Williams sold 9,071 shares of the company’s stock in a transaction that occurred on Friday, October 30th. The stock was sold at an average price of $201.70, for a total value of $1,829,620.70. Following the transaction, the executive vice president directly owned 16,930 shares in the company, valued at approximately $3,414,781. This trade represents a 34.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

RTX Stock Up 0.4%

RTX stock traded up $0.91 during mid-day trading on Tuesday, reaching $203.70. The stock had a trading volume of 4,434,456 shares, compared to its average volume of 5,386,929. The firm has a market capitalization of $274.88 billion, a PE ratio of 33.07, a price-to-earnings-growth ratio of 2.19 and a beta of 0.31. RTX Corporation has a fifty-two week low of $166.74 and a fifty-two week high of $226.88. The stock’s 50-day simple moving average is $194.66 and its 200-day simple moving average is $195.59. 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 (NYSE:RTX) last posted its earnings results on Tuesday, October 20th. The company reported $2.26 EPS for the quarter, topping the consensus estimate of $1.78 by $0.48. The company had revenue of $24.96 billion during the quarter, compared to the consensus estimate of $24.11 billion. RTX had a net margin of 8.75% and a return on equity of 14.89%. The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.70 earnings per share. On average, sell-side analysts forecast that RTX Corporation will post 7.67 EPS for the current fiscal year.

RTX Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have recently commented on RTX shares. The Goldman Sachs Group lifted their target price on RTX from $195.00 to $206.00 and gave the stock a “neutral” rating in a research note on Monday, July 27th. Argus set a $245.00 price objective on shares of RTX and gave the stock a “buy” rating in a report on Thursday, July 30th. DA Davidson lifted their price objective on shares of RTX from $192.00 to $219.00 and gave the stock a “neutral” rating in a research report on Monday, July 27th. Weiss Ratings raised shares of RTX from a “buy (b)” rating to a “buy (a-)” rating in a research report on Thursday, October 22nd. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $240.00 target price (up from $220.00) on shares of RTX in a research note on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, RTX has a consensus rating of “Moderate Buy” and an average target price of $231.24.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of RTX in the second quarter valued at approximately $20,970,571,000. Bank of New York Mellon Corp purchased a new stake in shares of RTX during the 2nd quarter valued at approximately $1,456,256,000. Legal & General Group Plc purchased a new stake in shares of RTX during the 2nd quarter valued at approximately $1,267,256,000. Deutsche Bank AG purchased a new stake in shares of RTX during the 2nd quarter valued at approximately $725,900,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in RTX in the 2nd quarter worth approximately $636,932,000. Institutional investors own 86.50% of the company’s stock.

RTX News Summary

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Raytheon, an RTX business, received a phase-one DARPA contract to develop an all-optical processing system for the PICASSO program. The technology is intended to help operators detect and respond to threats faster, adding to RTX’s exposure to advanced defense programs. The contract’s value and near-term financial contribution were not disclosed. Article: RTX’s Raytheon to develop new optical signal processing capability
• Positive Sentiment: Investor commentary highlights potential demand for RTX’s Patriot systems, interceptors, radar and counter-drone products as militaries replenish weapons and expand air defenses. This is a long-term investment thesis rather than news of new orders; execution, deliveries, margins and cash flow remain important considerations. Article: Why I’m Watching This Missile Defense Giant as America Rearms for Drone Warfare
• Positive Sentiment: A separate analysis argues that improving relations between the U.S. government and defense contractors could reduce risks tied to fixed-price development programs, potentially benefiting RTX and peers. This is a sector outlook, not a reported change to RTX’s financial results. Article: Prediction: Defense Stocks Like Lockheed Martin, RTX, and Boeing Are Set to Soar
• Neutral Sentiment: Wall Street analysts are described as cautiously optimistic despite RTX’s past-year outperformance, indicating support for the outlook but not an unequivocally bullish consensus. Article: Are Wall Street Analysts Bullish on RTX Corporation Stock?

About RTX

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.