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

RTX Co. (NYSE:RTX) EVP Ramsaran Maharajh sold 19,431 shares of the business’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $126.82, for a total value of $2,464,239.42. Following the sale, the executive vice president now directly owns 29,742 shares of the company’s stock, valued at $3,771,880.44. This represents a 39.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

RTX Trading Up 2.5 %

RTX stock opened at $130.49 on Friday. The firm has a market cap 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 firm has a fifty day moving average price of $122.39 and a 200 day moving average price of $121.24. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 0.99. RTX Co. has a fifty-two week low of $88.95 and a fifty-two week high of $132.43.

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%. Sell-side analysts anticipate that RTX Co. will post 6.11 earnings per share for the current fiscal year.

RTX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 21st will be paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.93%. The ex-dividend date of this dividend is Friday, February 21st. RTX’s dividend payout ratio is currently 70.99%.

Hedge Funds Weigh In On RTX

Large investors have recently made changes to their positions in the company. MidAtlantic Capital Management Inc. bought a new stake in RTX in the third quarter worth about $29,000. 10Elms LLP bought a new stake in shares of RTX during the 4th quarter worth approximately $29,000. Fairway Wealth LLC purchased a new position in RTX during the 4th quarter valued at $31,000. Picton Mahoney Asset Management grew its position in RTX by 2,944.4% in the 4th quarter. Picton Mahoney Asset Management now owns 274 shares of the company’s stock valued at $31,000 after acquiring an additional 265 shares during the last quarter. Finally, Greenline Partners LLC purchased a new stake in RTX in the fourth quarter worth $34,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on RTX. Susquehanna boosted their price objective on RTX from $139.00 to $147.00 and gave the company a “positive” rating in a research note on Wednesday, January 29th. Vertical Research raised shares of RTX to a “strong-buy” rating in a report on Tuesday, January 28th. JPMorgan Chase & Co. increased 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. UBS Group upgraded shares of RTX from a “neutral” rating to a “buy” rating and lifted their target price for the company from $142.00 to $147.00 in a research note on Monday. Finally, StockNews.com lowered RTX from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. Five equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, RTX presently has a consensus rating of “Moderate Buy” and an average target price 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.