Troy D. Brunk Sells 2,872 Shares of RTX Co. (NYSE:RTX) Stock

RTX Co. (NYSE:RTX) insider Troy D. Brunk sold 2,872 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $125.95, for a total value of $361,728.40. Following the transaction, the insider now owns 5,272 shares in the company, valued at $664,008.40. This represents a 35.27 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

RTX Trading Up 1.9 %

RTX opened at $133.02 on Friday. RTX Co. has a 52 week low of $88.95 and a 52 week high of $133.09. The business has a fifty day simple moving average of $122.72 and a 200-day simple moving average of $121.35. The firm has a market cap of $177.19 billion, a P/E ratio of 37.47, a P/E/G ratio of 2.11 and a beta of 0.82. 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) last released its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 EPS for the quarter, topping the consensus estimate of $1.35 by $0.19. RTX had a return on equity of 12.45% and a net margin of 5.91%. On average, equities analysts expect that RTX Co. will post 6.11 earnings per share for the current year.

RTX Dividend Announcement

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. MidAtlantic Capital Management Inc. purchased a new position in RTX in the third quarter valued at $29,000. 10Elms LLP purchased a new position in RTX in the fourth quarter valued at $29,000. Fairway Wealth LLC purchased a new position in RTX in the fourth quarter valued at $31,000. Picton Mahoney Asset Management raised its stake in RTX by 2,944.4% in the fourth quarter. Picton Mahoney Asset Management now owns 274 shares of the company’s stock valued at $31,000 after buying an additional 265 shares in the last quarter. Finally, Greenline Partners LLC acquired a new stake in RTX in the fourth quarter valued at $34,000. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

RTX has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft raised RTX from a “hold” rating to a “buy” rating and increased their target price for the company from $131.00 to $140.00 in a report on Thursday, January 2nd. UBS Group raised RTX from a “neutral” rating to a “buy” rating and increased their target price for the company from $142.00 to $147.00 in a report on Monday, February 24th. Argus raised RTX from a “hold” rating to a “buy” rating in a report on Tuesday, February 11th. StockNews.com cut RTX from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Finally, Vertical Research raised RTX to a “strong-buy” rating in a report on Tuesday, January 28th. Five equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.