Amy L. Johnson Sells 6,734 Shares of RTX Co. (NYSE:RTX) Stock

RTX Co. (NYSE:RTX) VP Amy L. Johnson sold 6,734 shares of the firm’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $113.88, for a total value of $766,867.92. Following the sale, the vice president now directly owns 12,318 shares of the company’s stock, valued at $1,402,773.84. The transaction was disclosed in a document filed with the SEC, which is available through this link.

RTX Price Performance

Shares of RTX stock traded up $0.61 on Wednesday, hitting $117.49. The company’s stock had a trading volume of 6,738,645 shares, compared to its average volume of 7,417,146. The company has a market capitalization of $156.29 billion, a P/E ratio of 45.84, a price-to-earnings-growth ratio of 2.03 and a beta of 0.82. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 0.66. The firm has a fifty day moving average price of $104.88 and a 200-day moving average price of $98.81. RTX Co. has a 52-week low of $68.56 and a 52-week high of $118.22.

RTX (NYSE:RTX) last posted its earnings results on Thursday, July 25th. The company reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.30 by $0.11. RTX had a net margin of 3.12% and a return on equity of 11.37%. The firm had revenue of $19.72 billion during the quarter, compared to the consensus estimate of $19.29 billion. During the same quarter in the prior year, the company earned $1.29 EPS. The company’s revenue was up 7.7% on a year-over-year basis. On average, equities research analysts expect that RTX Co. will post 5.42 earnings per share for the current fiscal year.

RTX Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Friday, August 16th will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date of this dividend is Friday, August 16th. RTX’s payout ratio is 98.82%.

Institutional Investors Weigh In On RTX

A number of hedge funds have recently added to or reduced their stakes in RTX. RFG Advisory LLC boosted its position in shares of RTX by 96.1% in the 1st quarter. RFG Advisory LLC now owns 40,354 shares of the company’s stock valued at $3,936,000 after purchasing an additional 19,779 shares during the period. TCW Group Inc. acquired a new stake in RTX during the 4th quarter worth about $1,912,000. Robinson Smith Wealth Advisors LLC acquired a new stake in RTX during the 4th quarter worth about $672,000. Mather Group LLC. boosted its position in RTX by 8.5% during the 4th quarter. Mather Group LLC. now owns 13,703 shares of the company’s stock worth $1,153,000 after acquiring an additional 1,079 shares during the period. Finally, AllGen Financial Advisors Inc. boosted its position in RTX by 12.8% during the 4th quarter. AllGen Financial Advisors Inc. now owns 32,325 shares of the company’s stock worth $2,720,000 after acquiring an additional 3,657 shares during the period. 86.50% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

RTX has been the subject of a number of analyst reports. Citigroup lifted their price objective on RTX from $95.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Robert W. Baird upped their target price on RTX from $105.00 to $115.00 and gave the stock a “neutral” rating in a report on Friday, July 26th. The Goldman Sachs Group boosted their price target on RTX from $94.00 to $104.00 and gave the stock a “neutral” rating in a research report on Monday. JPMorgan Chase & Co. increased their price target on RTX from $110.00 to $130.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, StockNews.com cut RTX from a “buy” rating to a “hold” rating in a research note on Friday, July 26th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, RTX presently has a consensus rating of “Hold” and an average price target of $153.47.

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.