RTX Co. (NYSE:RTX - Get Free Report) CEO Christopher T. Calio sold 27,379 shares of RTX stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $130.36, for a total transaction of $3,569,126.44. Following the completion of the sale, the chief executive officer now owns 81,508 shares of the company's stock, valued at approximately $10,625,382.88. This trade represents a 25.14 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
RTX Stock Performance
RTX stock traded down $1.37 during trading on Thursday, reaching $128.27. 6,256,238 shares of the company's stock were exchanged, compared to its average volume of 5,622,050. RTX Co. has a 1-year low of $89.44 and a 1-year high of $135.36. The firm has a market cap of $170.87 billion, a PE ratio of 36.13, a P/E/G ratio of 2.11 and a beta of 0.78. The company's fifty day moving average price is $123.56 and its 200-day moving average price is $121.65. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63.
RTX (NYSE:RTX - Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 earnings per share for the quarter, topping 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, research analysts expect that RTX Co. will post 6.11 EPS for the current fiscal year.
RTX Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 21st will be issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend is Friday, February 21st. RTX's payout ratio is 70.99%.
Institutional Trading of RTX
A number of hedge funds and other institutional investors have recently made changes to their positions in RTX. Vanguard Group Inc. boosted its stake in shares of RTX by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 118,479,159 shares of the company's stock worth $13,710,408,000 after acquiring an additional 1,252,448 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of RTX by 3.7% during the fourth quarter. Geode Capital Management LLC now owns 28,264,502 shares of the company's stock valued at $3,263,610,000 after purchasing an additional 1,000,722 shares during the last quarter. Fisher Asset Management LLC increased its stake in RTX by 3.1% in the 4th quarter. Fisher Asset Management LLC now owns 19,047,685 shares of the company's stock worth $2,204,198,000 after purchasing an additional 576,214 shares in the last quarter. Franklin Resources Inc. raised its holdings in RTX by 3.8% during the 4th 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 period. Finally, Norges Bank purchased a new stake in RTX during the fourth quarter valued at about $1,745,644,000. 86.50% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of research firms recently commented on RTX. Wells Fargo & Company lifted their price target on RTX from $151.00 to $156.00 and gave the stock an "overweight" rating in a research note on Thursday, January 30th. UBS Group upgraded RTX from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $142.00 to $147.00 in a research report on Monday, February 24th. Morgan Stanley raised their price objective on RTX from $130.00 to $135.00 and gave the stock an "equal weight" rating in a research note on Wednesday, January 29th. Susquehanna lifted their price objective on shares of RTX from $139.00 to $147.00 and gave the stock a "positive" rating in a report on Wednesday, January 29th. Finally, Deutsche Bank Aktiengesellschaft raised shares of RTX from a "hold" rating to a "buy" rating and increased their target price for the stock from $131.00 to $140.00 in a report on Thursday, January 2nd. Five research analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, RTX currently has an average rating of "Moderate Buy" and a consensus target price of $163.40.
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About RTX
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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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