RTX Co. (NYSE:RTX) EVP Dantaya M. Williams Sells 16,922 Shares

RTX Co. (NYSE:RTX - Get Free Report) EVP Dantaya M. Williams sold 16,922 shares of the firm's stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $137.62, for a total value of $2,328,805.64. Following the sale, the executive vice president now directly owns 16,538 shares of the company's stock, valued at $2,275,959.56. This represents a 50.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

RTX Stock Up 0.1%

Shares of RTX stock traded up $0.14 during trading hours on Friday, reaching $139.21. The company had a trading volume of 4,509,961 shares, compared to its average volume of 5,364,148. RTX Co. has a 12 month low of $99.07 and a 12 month high of $140.65. 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 business has a fifty day simple moving average of $129.63 and a 200-day simple moving average of $125.84. The company has a market cap of $185.98 billion, a price-to-earnings ratio of 39.21, a price-to-earnings-growth ratio of 2.11 and a beta of 0.63.

RTX (NYSE:RTX - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The company reported $1.47 EPS for the quarter, topping analysts' consensus estimates of $1.35 by $0.12. The business had revenue of $20.31 billion for the quarter, compared to analyst estimates of $19.80 billion. RTX had a return on equity of 12.45% and a net margin of 5.91%. On average, research analysts expect that RTX Co. will post 6.11 earnings per share for the current fiscal year.

RTX Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Friday, May 23rd will be issued a dividend of $0.68 per share. This is a positive change from RTX's previous quarterly dividend of $0.63. This represents a $2.72 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date is Friday, May 23rd. RTX's dividend payout ratio (DPR) is 79.77%.

Institutional Trading of RTX

A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in RTX by 1.1% during the first quarter. Vanguard Group Inc. now owns 119,836,487 shares of the company's stock worth $15,873,541,000 after acquiring an additional 1,357,328 shares during the period. Geode Capital Management LLC increased its position in RTX by 3.7% in the fourth quarter. Geode Capital Management LLC now owns 28,264,502 shares of the company's stock worth $3,263,610,000 after buying an additional 1,000,722 shares during the last quarter. Fisher Asset Management LLC increased its position in RTX by 3.1% in the fourth quarter. Fisher Asset Management LLC now owns 19,047,685 shares of the company's stock worth $2,204,198,000 after buying an additional 576,214 shares during the last quarter. Franklin Resources Inc. increased its position in RTX by 3.8% in the fourth quarter. Franklin Resources Inc. now owns 16,611,341 shares of the company's stock worth $1,922,264,000 after buying an additional 603,159 shares during the last quarter. Finally, Norges Bank purchased a new stake in RTX in the fourth quarter worth $1,745,644,000. 86.50% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. DZ Bank raised RTX from a "sell" rating to a "hold" rating and set a $129.00 target price for the company in a research note on Friday, April 25th. Citigroup decreased their target price on RTX from $153.00 to $148.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Wells Fargo & Company increased their price target on RTX from $136.00 to $144.00 and gave the stock an "overweight" rating in a report on Tuesday, April 15th. JPMorgan Chase & Co. cut their price target on RTX from $150.00 to $145.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. Finally, Cowen reiterated a "buy" rating on shares of RTX in a report on Friday, May 23rd. Three equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat, RTX currently has an average rating of "Buy" and a consensus price target of $159.82.

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.