What Raytheon Technologies Corporation (RTX) Insiders Are Up To

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Raytheon Technologies Corporation (NYSE:RTX) finished Thursday with a subtraction of -$0.87 to close at $83.45, a downside of -1.03 percent. An average of 5,931,300 shares of common stock have been traded in the last five days. There was a fall of -$2.16 in the past week, and it reached a new high 28 times over the past 12 months. The last 20 days have seen an average of 5,142,195 shares traded, while the 50-day average volume stands at 4,645,758.

RTX stock has decreased by -9.72% in the last month. The company shares reached their 1-month lowest point of $83.20 on 09/22/22. With the stock rallying to its 52-week high on 04/21/22, shares of the company touched a low of $79.00 and a high of $106.02 in 52 weeks. It has reached a new high 22 times so far this year and lost -3.03% or -$2.61 in price. In spite of this, the price is down -21.29% from the 52-week high.


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Insider Transactions

207 days have passed since Raytheon Technologies Corporation (RTX) last reported insider trading activity. Dumais Michael R, who is EVP,Chf Transformation Officer, most recently acquired $7,443 shares at $101.45 per share on Feb 28. In this transaction, the insider spent $755,095. EVP,Chf Transformation Officer, Dumais Michael R, disposed of 6,883 shares at a price of $97.74 on Feb 25. The insider now owns more than $672,739 worth of shares. Prior to that, Director Atkinson Tracy A went on to Sale 5,340 shares at $93.63 each on Feb 18. An amount of $499,992 was transacted.

Valuation Metrics

Raytheon Technologies Corporation (RTX) has a trailing price-to-earnings (P/E) ratio of 27.90. The stock’s beta is 1.12. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.90, the price-to-book (PB) ratio at 1.75, and the price-to-cash flow ratio at 84.57.

The company has a payout ratio of 69.10%. The company’s most recent quarterly dividend payment was $0.55 a share, without any change from last year. Its latest increase dividend $0.04 reported on Monday April 25 2022.

Financial Health

The quick ratio of Raytheon Technologies Corporation for the three months ended June 29 was 0.80, and the current ratio was 1.10, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.44 and a total debt to equity ratio of 0.45 for the quarter ending June 29. Its gross profit as reported stood at $12.49 billion compared to revenue of $64.39 billion.

Earnings Surprise

For the three-month period that ended June 29, Raytheon Technologies Corporation had $31.27 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $1.3 billion in the quarter, while revenues were grew 20.86%. The analyst consensus anticipated Raytheon Technologies Corporation’s latest quarter earnings to come in at $1.12 per share, but it turned out to be $1.16, a 3.60% surprise. For the quarter, EBITDA amounted to $2.35 billion. Shareholders own equity worth $1.48 billion.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Raytheon Technologies Corporation (RTX) price momentum. RSI 9-day as of the close on 22 September was 30.09%, suggesting the stock is Neutral, with historical volatility in this time frame at 29.87%.

As of today, RTX’s price is $84.61 -2.52% or -$2.16 from its 5-day moving average. RTX is currently trading -10.57% lower than its 20-day SMA and -12.07% lower than its 100-day SMA. However, the stock’s current price level is -9.11% below the SMA50 and -0.37% below the SMA200.

The stochastic %K and %D were 14.38% and 17.95%, respectively, and the average true range (ATR) was 2.20. With the 14-day stochastic at 3.81% and the average true range at 2.18, the RSI (14) stands at 33.57%. The stock has reached -0.87 on the 9-day MACD Oscillator while the 14-day reading was at -1.65.

Analyst Ratings

RBC Capital Mkts launched coverage on Raytheon Technologies Corporation (NYSE: RTX) in its analyst report released on April 08, 2022. The firm assigned the stock an Outperform rating. The consensus rating for Raytheon Technologies Corporation (RTX) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell RTX, while 7 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 4 analysts, while 11 others rate it as a “buy”.

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

Analysts predict a range of price targets between $90.00 and $124.00, with a median target of $110.00. Taking a look at these predictions, the average price target given by analysts for Raytheon Technologies Corporation (RTX) stock is $109.53.

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