RTX Corporation (RTX) To Go Ex-Dividend on November 20th

RTX Corporation (NYSE:RTX) announced a quarterly dividend on Thursday, October 29th. Stockholders of record on Friday, November 20th will be paid a dividend of $0.73 per share on Thursday, December 10th. This represents a $2.92 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, November 20th.

RTX has decreased its dividend payment by an average of 0.4% per year over the last three years and has raised its dividend every year for the last 5 years. RTX has a payout ratio of 43.6% meaning its dividend is sufficiently covered by earnings. Analysts expect RTX to earn $8.03 per share next year, which means the company should continue to be able to cover its $2.92 annual dividend with an expected future payout ratio of 36.4%.

RTX Trading Up 0.3%

Shares of RTX stock opened at $200.09 on Friday. RTX has a 1 year low of $166.74 and a 1 year high of $226.88. The company’s fifty day simple moving average is $194.81 and its 200-day simple moving average is $195.55. The company has a market cap of $270.01 billion, a price-to-earnings ratio of 32.48, a PEG ratio of 2.22 and a beta of 0.31. The company has a current ratio of 1.05, a quick ratio of 0.81 and a debt-to-equity ratio of 0.44.

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

Insider Activity

In related news, EVP Ramsaran Maharajh sold 13,655 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $223.92, for a total transaction of $3,057,627.60. Following the completion of the transaction, the executive vice president owned 13,184 shares in the company, valued at $2,952,161.28. This trade represents a 50.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.10% of the company’s stock.

Institutional Trading of RTX

A number of large investors have recently bought and sold shares of the stock. Kestra Private Wealth Services LLC grew its stake in shares of RTX by 5.2% in the third quarter. Kestra Private Wealth Services LLC now owns 220,219 shares of the company’s stock worth $40,884,000 after purchasing an additional 10,971 shares during the last quarter. Sageworth Trust Co increased its holdings in RTX by 127.7% in the third quarter. Sageworth Trust Co now owns 3,521 shares of the company’s stock valued at $654,000 after purchasing an additional 1,975 shares during the period. DeLarme Wealth Management Inc. raised its position in RTX by 9.2% during the 3rd quarter. DeLarme Wealth Management Inc. now owns 1,245 shares of the company’s stock worth $231,000 after purchasing an additional 105 shares during the last quarter. Chicago Partners Investment Group LLC raised its position in RTX by 32.9% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 26,530 shares of the company’s stock worth $5,067,000 after purchasing an additional 6,571 shares during the last quarter. Finally, Ascent Group LLC lifted its holdings in RTX by 4.8% during the 3rd quarter. Ascent Group LLC now owns 38,620 shares of the company’s stock worth $7,170,000 after buying an additional 1,753 shares during the period. 86.50% of the stock is currently owned by institutional investors.

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.