RTX Co. (NYSE:RTX - Get Free Report) CEO Gregory Hayes sold 89,762 shares of the company's stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $101.44, for a total value of $9,105,457.28. Following the sale, the chief executive officer now owns 636,759 shares in the company, valued at approximately $64,592,832.96. The sale was disclosed in a filing with the SEC, which is available through this link.
RTX Trading Up 1.0 %
NYSE RTX opened at $102.45 on Tuesday. RTX Co. has a 12 month low of $68.56 and a 12 month high of $103.89. The company has a current ratio of 1.07, a quick ratio of 0.79 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $136.21 billion, a P/E ratio of 40.18, a PEG ratio of 1.83 and a beta of 0.88. The business has a fifty day simple moving average of $95.80 and a 200 day simple moving average of $87.92.
RTX (NYSE:RTX - Get Free Report) last released its quarterly earnings results on Tuesday, April 23rd. The company reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.11. RTX had a net margin of 4.90% and a return on equity of 10.81%. The business had revenue of $19.30 billion for the quarter, compared to analysts' expectations of $18.44 billion. During the same period in the previous year, the company earned $1.22 earnings per share. The firm's revenue for the quarter was up 12.1% compared to the same quarter last year. On average, analysts predict that RTX Co. will post 5.39 EPS for the current fiscal year.
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The firm also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Friday, February 23rd were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 2.30%. The ex-dividend date of this dividend was Thursday, February 22nd. RTX's dividend payout ratio is presently 92.55%.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on the company. Robert W. Baird increased their price target on RTX from $94.00 to $105.00 and gave the stock a "neutral" rating in a report on Monday, April 8th. Wells Fargo & Company reissued an "overweight" rating and set a $120.00 target price on shares of RTX in a research note on Monday, April 1st. Royal Bank of Canada lifted their price target on shares of RTX from $82.00 to $88.00 and gave the company a "sector perform" rating in a research note on Monday, January 22nd. Citigroup increased their price objective on shares of RTX from $95.00 to $110.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 24th. Finally, Susquehanna boosted their target price on RTX from $110.00 to $119.00 and gave the company a "positive" rating in a research report on Wednesday, April 24th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $96.27.
View Our Latest Report on RTX
Institutional Investors Weigh In On RTX
A number of hedge funds have recently made changes to their positions in RTX. Capital Research Global Investors raised its position in RTX by 23.7% in the fourth quarter. Capital Research Global Investors now owns 90,430,489 shares of the company's stock worth $7,608,822,000 after acquiring an additional 17,351,313 shares during the period. Capital International Investors lifted its stake in shares of RTX by 20.6% during the 4th quarter. Capital International Investors now owns 65,233,410 shares of the company's stock valued at $5,488,752,000 after buying an additional 11,163,222 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in RTX by 82.7% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 15,309,688 shares of the company's stock valued at $1,288,157,000 after buying an additional 6,932,011 shares in the last quarter. Northern Trust Corp raised its holdings in RTX by 1.9% during the 3rd quarter. Northern Trust Corp now owns 13,726,154 shares of the company's stock valued at $987,871,000 after acquiring an additional 256,215 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of RTX by 0.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 11,059,286 shares of the company's stock worth $784,735,000 after acquiring an additional 60,319 shares during the period. 86.50% of the stock is currently owned by institutional investors.
RTX Company Profile
(
Get Free Report)
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.
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