RTX Co. (NYSE:RTX - Get Free Report) Director James A. Winnefeld, Jr. acquired 200 shares of the company's stock in a transaction dated Wednesday, April 23rd. The shares were purchased at an average cost of $117.90 per share, with a total value of $23,580.00. Following the acquisition, the director now owns 8,000 shares of the company's stock, valued at approximately $943,200. This represents a 2.56 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink.
RTX Stock Up 5.9 %
Shares of RTX stock opened at $120.50 on Thursday. RTX Co. has a 12 month low of $99.07 and a 12 month high of $136.17. The business has a fifty day simple moving average of $128.29 and a 200 day simple moving average of $123.75. 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 cap of $160.88 billion, a PE ratio of 33.94, a price-to-earnings-growth ratio of 2.11 and a beta of 0.58.
RTX (NYSE:RTX - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The company reported $1.47 EPS for the quarter, beating analysts' consensus estimates of $1.35 by $0.12. RTX had a return on equity of 12.45% and a net margin of 5.91%. The company had revenue of $20.31 billion during the quarter, compared to analysts' expectations of $19.80 billion. Research analysts predict that RTX Co. will post 6.11 EPS for the current year.
RTX Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 21st were given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date was Friday, February 21st. RTX's dividend payout ratio is currently 70.99%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in shares of RTX by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 118,479,159 shares of the company's stock valued at $13,710,408,000 after purchasing an additional 1,252,448 shares in the last quarter. Geode Capital Management LLC raised its holdings in RTX by 3.7% during the 4th quarter. Geode Capital Management LLC now owns 28,264,502 shares of the company's stock worth $3,263,610,000 after buying an additional 1,000,722 shares during the period. Fisher Asset Management LLC lifted its stake in RTX by 3.1% in the fourth quarter. Fisher Asset Management LLC now owns 19,047,685 shares of the company's stock valued at $2,204,198,000 after buying an additional 576,214 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of RTX by 3.8% in the fourth quarter. Franklin Resources Inc. now owns 16,611,341 shares of the company's stock valued at $1,922,264,000 after buying an additional 603,159 shares during the period. Finally, Norges Bank bought a new stake in shares of RTX during the fourth quarter worth $1,745,644,000. 86.50% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
RTX has been the subject of several research analyst reports. Argus upgraded RTX from a "hold" rating to a "buy" rating in a research report on Tuesday, February 11th. Baird R W raised RTX from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 19th. JPMorgan Chase & Co. increased their price objective on shares of RTX from $140.00 to $150.00 and gave the stock an "overweight" rating in a report on Wednesday, January 29th. Robert W. Baird raised shares of RTX from a "neutral" rating to an "outperform" rating and boosted their target price for the stock from $136.00 to $160.00 in a research note on Wednesday, March 19th. Finally, Vertical Research raised shares of RTX to a "strong-buy" rating in a research note on Tuesday, January 28th. Three investment analysts have rated the stock with a hold rating, twelve have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, RTX currently has a consensus rating of "Buy" and an average price target of $163.53.
View Our Latest Stock Report on RTX
RTX Company Profile
(
Get Free Report)
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.
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