RTX Co. (NYSE:RTX) CEO Sells $3,569,126.44 in Stock

RTX Co. (NYSE:RTX) CEO Christopher T. Calio sold 27,379 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $130.36, for a total value of $3,569,126.44. Following the completion of the sale, the chief executive officer now directly owns 81,508 shares of the company’s stock, valued at approximately $10,625,382.88. This represents a 25.14 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

RTX Stock Performance

Shares of RTX stock opened at $133.68 on Tuesday. RTX Co. has a 52 week low of $89.14 and a 52 week high of $135.36. The firm has a 50 day moving average of $123.06 and a two-hundred day moving average of $121.52. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $178.08 billion, a PE ratio of 37.66, a P/E/G ratio of 2.11 and a beta of 0.82.

RTX (NYSE:RTX) last released its earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.19. RTX had a return on equity of 12.45% and a net margin of 5.91%. On average, research analysts predict that RTX Co. will post 6.11 EPS for the current fiscal year.

RTX Dividend Announcement

The company 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 of this dividend is Friday, February 21st. This represents a $2.52 annualized dividend and a yield of 1.89%. RTX’s dividend payout ratio (DPR) is 70.99%.

Analysts Set New Price Targets

Several analysts have recently weighed in on RTX shares. Argus raised shares of RTX from a “hold” rating to a “buy” rating in a research note on Tuesday, February 11th. Wells Fargo & Company raised their target price on RTX from $151.00 to $156.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Citigroup raised RTX from a “neutral” rating to a “buy” rating and upped their price target for the company from $132.00 to $153.00 in a research note on Tuesday, January 21st. Susquehanna raised their price objective on RTX from $139.00 to $147.00 and gave the stock a “positive” rating in a research report on Wednesday, January 29th. Finally, Vertical Research raised shares of RTX to a “strong-buy” rating in a research report on Tuesday, January 28th. Five research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, RTX has a consensus rating of “Moderate Buy” and a consensus target price of $163.40.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in RTX. Chicago Partners Investment Group LLC raised its stake in RTX by 3.4% in the third quarter. Chicago Partners Investment Group LLC now owns 9,314 shares of the company’s stock valued at $1,185,000 after buying an additional 304 shares in the last quarter. Optas LLC increased its holdings in shares of RTX by 23.9% in the 3rd quarter. Optas LLC now owns 3,292 shares of the company’s stock valued at $399,000 after acquiring an additional 636 shares during the last quarter. Northern Financial Advisors Inc raised its position in shares of RTX by 9.5% during the 3rd quarter. Northern Financial Advisors Inc now owns 10,535 shares of the company’s stock worth $1,276,000 after acquiring an additional 911 shares in the last quarter. Whitener Capital Management Inc. lifted its stake in RTX by 2.0% during the third quarter. Whitener Capital Management Inc. now owns 15,521 shares of the company’s stock worth $1,881,000 after purchasing an additional 299 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in RTX by 36.5% in the third quarter. Robeco Institutional Asset Management B.V. now owns 365,221 shares of the company’s stock valued at $44,250,000 after purchasing an additional 97,749 shares in the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

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.