RTX (NYSE:RTX) Shares Down 2.7% on Insider Selling

RTX Corporation (NYSE:RTX) shares fell 2.7% during mid-day trading on Wednesday following insider selling activity. The company traded as low as $194.91 and last traded at $198.2780. Approximately 7,128,708 shares were traded during trading, an increase of 32% from the average daily volume of 5,387,054 shares. The stock had previously closed at $203.82.

Specifically, EVP Dantaya Williams sold 9,071 shares of the business’s stock in a transaction dated Friday, October 30th. The shares were sold at an average price of $201.70, for a total transaction of $1,829,620.70. Following the transaction, the executive vice president owned 16,930 shares in the company, valued at approximately $3,414,781. The trade was a 34.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Sanford C. Bernstein reduced their target price on shares of RTX from $223.00 to $214.00 and set a “market perform” rating for the company in a research note on Thursday, October 15th. Barclays boosted their price target on RTX from $223.00 to $235.00 and gave the company an “overweight” rating in a research note on Wednesday, October 21st. DA Davidson boosted their price target on RTX from $192.00 to $219.00 and gave the company a “neutral” rating in a research note on Monday, July 27th. Argus set a $245.00 price target on RTX and gave the company a “buy” rating in a report on Thursday, July 30th. Finally, Citigroup reiterated a “buy” rating on shares of RTX in a research report on Wednesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $231.24.

More RTX News

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Raytheon won a phase-one DARPA contract to develop all-optical signal processing for the PICASSO program. The technology aims to help military operators detect and respond to threats faster, adding to RTX’s defense technology pipeline; the initial award is an early-stage contract, with no value disclosed. Article: RTX’s Raytheon to develop new optical signal processing capability
• Positive Sentiment: An InvestorPlace commentary points to potential long-term demand for RTX’s Patriot systems, radars, and related air-defense equipment as the U.S. expands military production. It cites RTX investments in manufacturing and testing capacity, as well as a large backlog, while noting that returns depend on execution and converting orders into cash. This is an industry outlook, not a newly announced order. Article: America’s Military Rebuild Starts With a Manufacturing Problem
• Negative Sentiment: A Barron’s report says a “blue wave” is lifting the broader market but dragging defense stocks. The election-related shift in sentiment may reflect investor concern about the sector’s policy and spending outlook, weighing on RTX despite its defense demand prospects. Article: RTX and Other Defense Stocks Have a Midterm Headache
• Negative Sentiment: EVP Dantaya Williams sold 9,071 shares for about $1.83 million, reducing her direct holdings by roughly 35%. The sale could weigh on sentiment, although the filing does not explain the reason for the transaction. SEC filing for the insider transaction

RTX Price Performance

The stock has a market cap of $267.56 billion, a P/E ratio of 32.19, a price-to-earnings-growth ratio of 2.26 and a beta of 0.30. The company has a current ratio of 1.05, a quick ratio of 0.81 and a debt-to-equity ratio of 0.44. The company’s fifty day simple moving average is $194.55 and its 200-day simple moving average is $195.62.

RTX (NYSE:RTX) last released its quarterly earnings data on Tuesday, October 20th. The company reported $2.26 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.48. RTX had a net margin of 8.75% and a return on equity of 14.89%. The company had revenue of $24.96 billion during the quarter, compared to the consensus estimate of $24.11 billion. During the same period last year, the firm earned $1.70 EPS. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. As a group, sell-side analysts forecast that RTX Corporation will post 7.67 EPS for the current year.

RTX Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Friday, November 20th will be given a $0.73 dividend. This represents a $2.92 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Friday, November 20th. RTX’s dividend payout ratio is 47.40%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new stake in RTX in the second quarter valued at $20,970,571,000. State Street Corp raised its stake in RTX by 3.1% during the second quarter. State Street Corp now owns 95,417,318 shares of the company’s stock worth $18,103,528,000 after acquiring an additional 2,828,056 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of RTX by 5.0% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,693,939 shares of the company’s stock valued at $1,649,501,000 after acquiring an additional 411,356 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of RTX by 1.3% during the first quarter. Dimensional Fund Advisors LP now owns 7,649,112 shares of the company’s stock valued at $1,475,296,000 after acquiring an additional 95,726 shares during the period. Finally, Amundi boosted its stake in shares of RTX by 4.0% in the 2nd quarter. Amundi now owns 7,768,207 shares of the company’s stock valued at $1,473,862,000 after purchasing an additional 295,964 shares in the last quarter. Institutional investors own 86.50% of the company’s stock.

RTX Company Profile

RTX Corporation (NYSE: RTX) is an aerospace and defense company that develops and manufactures products and systems for commercial aviation, business aviation, military aircraft and government customers. Its portfolio includes aircraft engines, avionics, flight-control systems, cabin interiors, communications equipment, air and missile defense systems, precision weapons, radars and advanced sensors.

The company operates through three principal businesses: Collins Aerospace, which supplies aerospace systems and components; Pratt & Whitney, which designs and produces aircraft engines and related services; and Raytheon, which provides defense and intelligence technologies.