RTX Co. (NYSE:RTX) CFO Neil G. Mitchill, Jr. Sells 16,118 Shares of Stock

RTX Co. (NYSE:RTX) CFO Neil G. Mitchill, Jr. sold 16,118 shares of the stock in a transaction dated 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 transaction, the chief financial officer now owns 59,556 shares of the company’s stock, valued at approximately $7,763,124.60. This represents a 21.30 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

RTX Stock Performance

Shares of NYSE RTX opened at $133.68 on Tuesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74. The firm has a market cap of $178.08 billion, a price-to-earnings ratio of 37.66, a P/E/G ratio of 2.11 and a beta of 0.82. The stock’s fifty day moving average price is $123.06 and its two-hundred day moving average price is $121.52. RTX Co. has a one year low of $89.14 and a one year high of $135.36.

RTX (NYSE:RTX) last released its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 EPS for the quarter, beating the consensus estimate of $1.35 by $0.19. RTX had a net margin of 5.91% and a return on equity of 12.45%. On average, equities analysts forecast that RTX Co. will post 6.11 EPS for the current year.

RTX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 21st will be paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend is Friday, February 21st. RTX’s dividend payout ratio (DPR) is currently 70.99%.

Institutional Investors Weigh In On RTX

Large investors have recently added to or reduced their stakes in the stock. MidAtlantic Capital Management Inc. acquired a new stake in shares of RTX during the 3rd quarter worth $29,000. 10Elms LLP bought a new stake in RTX during the fourth quarter worth about $29,000. Fairway Wealth LLC acquired a new stake in RTX during the fourth quarter worth about $31,000. Picton Mahoney Asset Management increased its holdings in RTX by 2,944.4% in the 4th quarter. Picton Mahoney Asset Management now owns 274 shares of the company’s stock valued at $31,000 after buying an additional 265 shares during the period. Finally, Greenline Partners LLC acquired a new position in shares of RTX in the 4th quarter valued at approximately $34,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on RTX shares. UBS Group raised RTX from a “neutral” rating to a “buy” rating and increased their price target for the company from $142.00 to $147.00 in a research report on Monday, February 24th. Citigroup raised RTX from a “neutral” rating to a “buy” rating and increased their price objective for the company from $132.00 to $153.00 in a report on Tuesday, January 21st. Royal Bank of Canada boosted their target price on shares of RTX from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday, January 29th. Wells Fargo & Company increased their price target on shares of RTX from $151.00 to $156.00 and gave the company an “overweight” rating in a research note on Thursday, January 30th. Finally, StockNews.com downgraded shares of RTX from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Five analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $163.40.

RTX Company Profile

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.