Raytheon Technologies Corporation (RTX) Stock: Should Investors Follow These Insider Trades?

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Raytheon Technologies Corporation (NYSE:RTX) saw a downside of -0.49% to close Tuesday at $87.16 after subtracting -$0.43 on the day. The 5-day average trading volume is 4,601,880 shares of the company’s common stock. It has gained $92.50 in the past week and touched a new high 1 time within the past 5 days. An average of 3,961,400 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 4,213,870.

RTX’s 1-month performance is -6.31% or -$5.87 on its low of $86.59 reached on 09/06/22. The company’s shares have touched a 52-week low of $79.00 and high of $106.02, with the stock’s rally to the 52-week high happening on 04/21/22. YTD, RTX has achieved 1.28% or $1.10 and has reached a new high 22 times. However, the current price is down -17.79% from the 52-week high price.


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Insider Transactions

On Feb 28, 191 days have gone by since the last insider trading activity for Raytheon Technologies Corporation (RTX). Dumais Michael R (EVP,Chf Transformation Officer) most recently sold 7,443 shares at $101.45 per share on Feb 28. This transaction cost the insider $755,095. EVP,Chf Transformation Officer, Dumais Michael R, sold 6,883 shares at a price of $97.74 on Feb 25. Then, on Feb 18, Director Atkinson Tracy A sold 5,340 shares at a price of $93.63 per share. This transaction amounted to $499,992.

Valuation Metrics

RTX stock has a beta of 1.12. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.98 while the price-to-book (PB) in the most recent quarter is 1.83, with the price to cash flow ratio at 88.35.

Raytheon Technologies Corporation’s quick ratio for the period ended June 29 was 0.80, with the current ratio over the same period at 1.10. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.44, while the total debt to equity was 0.45. In terms of profitability, the gross margin trailing 12 months is 20.20%. The firm’s gross profit as reported stood at $12.49 billion against revenue of $64.39 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 20.86% to $1.3 billion, while revenue of $1.08 billion was 16.87% off the previous quarter. Analysts expected RTX to announce $1.12 per share in earnings in its latest quarter, but it posted $1.16, representing a 3.60% surprise. EBITDA for the quarter stood at more than $2.35 billion. RTX stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 87.03 billion, with total debt at $33.01 billion. Shareholders hold equity totaling $1.48 billion.

Let’s look briefly at Raytheon Technologies Corporation (RTX) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 06 September was 27.98% to suggest the stock is trending oversold, with historical volatility in this time period at 25.06%.

The stock’s 5-day moving average is $88.67, reflecting a -5.38% or -$4.96 change from its current price. RTX is currently trading -4.43% above its 20-day SMA, -15.05% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -7.47% and SMA200 by-0.33%.

Stochastic %K and %D was 3.96% and 3.74% and the average true range (ATR) pointed at 2.01. The RSI (14) points at 34.44%, while the 14-day stochastic is at 5.60% with the period’s ATR at 2.02. The stock’s 9-day MACD Oscillator is pointing at -3.34 and -4.25 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Raytheon Technologies Corporation (NYSE: RTX), RBC Capital Mkts launched coverage with an Outperform rating.

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