RTX Co. (NYSE:RTX) VP Kevin G. Dasilva Sells 8,166 Shares

RTX Co. (NYSE:RTX) VP Kevin G. Dasilva sold 8,166 shares of the firm’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $114.96, for a total value of $938,763.36. Following the transaction, the vice president now directly owns 45,208 shares of the company’s stock, valued at approximately $5,197,111.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

RTX Stock Performance

Shares of NYSE RTX traded up $2.44 during midday trading on Tuesday, hitting $116.88. 6,023,452 shares of the stock traded hands, compared to its average volume of 7,421,491. The firm has a market capitalization of $155.48 billion, a P/E ratio of 45.70, a PEG ratio of 2.02 and a beta of 0.82. RTX Co. has a one year low of $68.56 and a one year high of $117.03. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.73 and a current ratio of 0.99. The firm has a 50-day moving average of $104.65 and a two-hundred day moving average of $98.60.

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

RTX Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Friday, August 16th will be issued a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, August 16th. This represents a $2.52 dividend on an annualized basis and a yield of 2.16%. RTX’s dividend payout ratio is currently 98.82%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on RTX shares. TD Cowen increased their price target on shares of RTX from $115.00 to $142.00 and gave the stock a “buy” rating in a research note on Friday. Susquehanna boosted their price target on RTX from $119.00 to $140.00 and gave the stock a “positive” rating in a research report on Friday. Bank of America raised their price objective on RTX from $100.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Citigroup boosted their target price on RTX from $95.00 to $110.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Finally, Melius Research raised their price target on RTX from $490.00 to $493.00 in a report on Wednesday, July 24th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $151.71.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Robinson Smith Wealth Advisors LLC increased its stake in shares of RTX by 7.5% in the 2nd quarter. Robinson Smith Wealth Advisors LLC now owns 8,582 shares of the company’s stock worth $862,000 after purchasing an additional 598 shares in the last quarter. Hantz Financial Services Inc. purchased a new stake in RTX in the second quarter worth about $12,230,000. Adero Partners LLC raised its stake in shares of RTX by 41.6% in the second quarter. Adero Partners LLC now owns 8,223 shares of the company’s stock worth $826,000 after buying an additional 2,415 shares during the period. Boston Financial Mangement LLC lifted its position in shares of RTX by 0.3% during the 2nd quarter. Boston Financial Mangement LLC now owns 43,049 shares of the company’s stock valued at $4,322,000 after buying an additional 132 shares in the last quarter. Finally, Key Financial Inc grew its stake in shares of RTX by 2.6% during the 2nd quarter. Key Financial Inc now owns 5,586 shares of the company’s stock valued at $561,000 after acquiring an additional 140 shares during the period. 86.50% of the stock is currently owned by institutional investors.

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.