RTX Co. (NYSE:RTX) EVP Ramsaran Maharajh Sells 19,431 Shares

RTX Co. (NYSE:RTX) EVP Ramsaran Maharajh sold 19,431 shares of the stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $126.82, for a total value of $2,464,239.42. Following the transaction, the executive vice president now directly owns 29,742 shares in the company, valued at $3,771,880.44. The trade was a 39.52 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

RTX Price Performance

Shares of RTX opened at $130.49 on Friday. The firm has a market capitalization of $173.83 billion, a PE ratio of 36.76, a price-to-earnings-growth ratio of 2.11 and a beta of 0.82. 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 company’s fifty day moving average price is $122.39 and its 200-day moving average price is $121.24. RTX Co. has a 1-year low of $88.95 and a 1-year high of $132.43.

RTX (NYSE:RTX) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share for the quarter, beating 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 research analysts predict that RTX Co. will post 6.11 EPS for the current year.

RTX Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 21st will be paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.93%. The ex-dividend date 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. MidAtlantic Capital Management Inc. purchased a new stake in RTX in the third quarter valued at $29,000. 10Elms LLP acquired a new position in shares of RTX in the 4th quarter valued at about $29,000. Fairway Wealth LLC acquired a new stake in RTX during the fourth quarter worth about $31,000. Picton Mahoney Asset Management grew its holdings in RTX by 2,944.4% during the fourth quarter. Picton Mahoney Asset Management now owns 274 shares of the company’s stock worth $31,000 after acquiring an additional 265 shares during the period. Finally, Greenline Partners LLC purchased a new position in RTX during the fourth quarter valued at approximately $34,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. UBS Group upgraded shares of RTX from a “neutral” rating to a “buy” rating and increased their target price for the stock from $142.00 to $147.00 in a report on Monday. Morgan Stanley increased their target price on RTX from $130.00 to $135.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 29th. StockNews.com cut RTX from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. Argus raised shares of RTX from a “hold” rating to a “buy” rating in a research report on Tuesday, February 11th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of RTX from $140.00 to $150.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. Five investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, RTX presently has an average rating of “Moderate Buy” and an average target price of $163.40.

About RTX

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.