How Have Insiders Been Trading Raytheon Technologies Corporation (RTX) Stock?

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Raytheon Technologies Corporation (NYSE:RTX) saw a downside of -0.29% to close Monday at $84.95 after subtracting -$0.25 on the day. The 5-day average trading volume is 6,491,640 shares of the company’s common stock. It has gained $87.55 in the past week and touched a new high 2 times within the past 5 days. An average of 4,922,725 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 4,585,046.

RTX’s 1-month performance is -10.31% or -$8.45 on its low of $83.29 reached on 09/14/22. 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 lost -1.29% or -$1.11 and has reached a new high 22 times. However, the current price is down -19.87% from the 52-week high price.


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Insider Transactions

On Feb 28, 204 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 1.93 while the price-to-book (PB) in the most recent quarter is 1.78, with the price to cash flow ratio at 86.09.

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 19 September was 35.07% to suggest the stock is trending Neutral, with historical volatility in this time period at 32.15%.

The stock’s 5-day moving average is $85.18, reflecting a -3.25% or -$2.85 change from its current price. RTX is currently trading -9.05% above its 20-day SMA, -14.36% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -10.69% and SMA200 by+7.46%.

Stochastic %K and %D was 18.28% and 17.51% and the average true range (ATR) pointed at 2.19. The RSI (14) points at 36.80%, while the 14-day stochastic is at 18.01% with the period’s ATR at 2.16. The stock’s 9-day MACD Oscillator is pointing at -0.94 and -1.82 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. Analysts offering their rating for RTX stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate RTX as a “sell,”, while 7 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 4 rates the stock as overweight while 11 have offered a “buy” rating.

What is RTX’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $90.00 and a high of $124.00, with their median price target at $110.00. Looking at these predictions, the average price target given by analysts is for Raytheon Technologies Corporation (RTX) stock is $109.53.

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