Troy D. Brunk Sells 2,872 Shares of RTX Co. (NYSE:RTX) Stock

RTX Co. (NYSE:RTX) insider Troy D. Brunk sold 2,872 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $125.95, for a total transaction of $361,728.40. Following the transaction, the insider now directly owns 5,272 shares in the company, valued at approximately $664,008.40. This trade represents a 35.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

RTX Price Performance

RTX stock opened at $130.49 on Friday. RTX Co. has a 12-month low of $88.95 and a 12-month high of $132.43. The stock has a market capitalization of $173.83 billion, a P/E ratio of 36.76, a P/E/G ratio of 2.11 and a beta of 0.82. The firm’s 50-day moving average is $122.39 and its two-hundred day moving average is $121.24. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74.

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

RTX Announces Dividend

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

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Brucke Financial Inc. purchased a new position in shares of RTX during the 4th quarter worth about $427,000. Yoffe Investment Management LLC purchased a new position in RTX in the fourth quarter valued at approximately $269,000. Capital A Wealth Management LLC purchased a new position in RTX in the fourth quarter valued at approximately $45,000. LM Advisors LLC raised its holdings in RTX by 8.3% in the fourth quarter. LM Advisors LLC now owns 3,052 shares of the company’s stock valued at $353,000 after buying an additional 233 shares during the period. Finally, Heck Capital Advisors LLC purchased a new position in RTX in the fourth quarter valued at approximately $2,258,000. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on RTX. JPMorgan Chase & Co. upped their price target 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. StockNews.com cut shares of RTX from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. Royal Bank of Canada upped their price target on shares of RTX from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 29th. Bank of America increased their price objective on shares of RTX from $145.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Finally, Deutsche Bank Aktiengesellschaft raised shares of RTX from a “hold” rating to a “buy” rating and increased their price objective for the company from $131.00 to $140.00 in a research note on Thursday, January 2nd. Five 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $163.40.

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.