RTX Co. (NYSE:RTX) COO Christopher T. Calio Sells 367 Shares

RTX Co. (NYSE:RTXGet Free Report) COO Christopher T. Calio sold 367 shares of RTX stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $92.63, for a total value of $33,995.21. Following the completion of the transaction, the chief operating officer now directly owns 56,707 shares in the company, valued at approximately $5,252,769.41. The sale was disclosed in a document filed with the SEC, which is available at this link.

RTX Stock Performance

NYSE:RTX opened at $91.04 on Friday. The firm’s 50-day moving average is $85.68 and its 200-day moving average is $82.11. The company has a market cap of $120.79 billion, a price-to-earnings ratio of 40.64, a PEG ratio of 1.68 and a beta of 0.89. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.78 and a current ratio of 1.04. RTX Co. has a 52-week low of $68.56 and a 52-week high of $104.91.

RTX (NYSE:RTXGet Free Report) last issued its quarterly earnings results on Tuesday, January 23rd. The company reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.04. RTX had a return on equity of 10.34% and a net margin of 4.64%. The firm had revenue of $19.93 billion for the quarter, compared to analyst estimates of $19.74 billion. During the same period in the previous year, the company posted $1.27 earnings per share. The company’s quarterly revenue was up 10.1% compared to the same quarter last year. Equities research analysts anticipate that RTX Co. will post 5.38 earnings per share for the current year.

RTX Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 21st. Stockholders of record on Friday, February 23rd will be paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date is Thursday, February 22nd. RTX’s dividend payout ratio is 105.36%.

Institutional Trading of RTX

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bear Mountain Capital Inc. bought a new stake in shares of RTX in the 4th quarter valued at approximately $25,000. Strengthening Families & Communities LLC bought a new stake in RTX in the third quarter valued at $28,000. Quarry LP acquired a new position in RTX during the first quarter worth $28,000. Planned Solutions Inc. bought a new position in shares of RTX during the fourth quarter valued at $30,000. Finally, Financial Gravity Asset Management Inc. boosted its stake in shares of RTX by 352.0% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 443 shares of the company’s stock valued at $32,000 after purchasing an additional 345 shares in the last quarter. Institutional investors own 79.06% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. StockNews.com downgraded RTX from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th. Royal Bank of Canada boosted their price target on shares of RTX from $82.00 to $88.00 and gave the company a “sector perform” rating in a report on Monday, January 22nd. Deutsche Bank Aktiengesellschaft downgraded RTX from a “hold” rating to a “sell” rating and dropped their price objective for the stock from $79.00 to $68.00 in a report on Friday, October 27th. DZ Bank lowered shares of RTX from a “hold” rating to a “sell” rating and dropped their price target for the stock from $79.00 to $68.00 in a research note on Friday, October 27th. Finally, TheStreet raised shares of RTX from a “c” rating to a “b-” rating in a research note on Tuesday, January 23rd. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $91.71.

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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 worldwide. It operates through four segments: Collins Aerospace, Pratt & Whitney, Raytheon Intelligence & Space, and Raytheon Missiles & Defense. The Collins Aerospace Systems segment offers aerospace and defense products, and aftermarket service solutions for aircraft manufacturers and airlines, as well as regional, business, and general aviation; and for defense and commercial space operations.

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