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Tuesday, January 31, 2023

Raytheon Technologies Corporation (NYSE: RTX) Could Achieve Gains In The Near Future

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Raytheon Technologies Corporation (RTX) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.10, or -0.10%, to $99.50. The Raytheon Technologies Corporation has recorded 445,905 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Raytheon Technologies to release fourth quarter results on January 24, 2023.


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Stocks Info

Raytheon Technologies Corporation is listed on the NYSE in the Industrials sector while operating in the Aerospace & Defense industry. At the end of the last regular session, the stock closed at $99.60 and fluctuated between $102.78 as its day high and $98.78 as its day low. The current market capitalization of Raytheon Technologies Corporation is $144.16B. A total of 6.38 million shares were traded on the day, compared to an average of 4.52M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, RTX has seen 5 BUY and 10 SELL insider trades, representing the acquisition of 88,639 and the disposition of 79,214 shares. Over the last 12 months, there were 33 BUYs and 52 SELLs from insiders. Insiders purchased 458,933 shares during that period but sold 283,505.

In the most recent transaction, HAYES GREGORY sold 4,260 shares of RTX for 99.16 per share on Dec 02. After the transaction, the Chairman and CEO now owns 453,685 company shares. In a previous transaction on Nov 03, Eddy Shane G sold 3,343 shares at 95.53 per share. RTX shares that President, P&W owns now total 24,176.

Among the insiders who sold shares, Calio Christopher T. disposed of 1,697 shares on Oct 31 at a per-share price of $94.26. This resulted in the Chief Operating Officer holding 44,562 shares of RTX after the transaction. In another insider transaction, Williams Dantaya M sold 1,206 shares at $92.01 per share on Oct 27. Company shares held by the EVP & Chief HR Officer now total 10,596.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Raytheon Technologies Corporation pays an annual dividend of $2.20, resulting in a dividend yield of 2.21%, and it has a price to earnings (P/E) ratio of 33.21. RTX’s most recent ex-dividend date was 11/17/2022 when it declared a $0.55 quarterly dividend that was paid in cash on 12/15/2022. Previously, the company paid the dividend on 9/8/2022 with an ex-dividend date of 8/18/2022. The RTX stock dividend was $0.55 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for RTX in the last 3 months, the mean price target is $108.85 with high estimates of $120.00 and low estimates of $83.00. In terms of 52-week highs and lows, RTX has a high of $106.02 and a low of $80.27.

As of this writing, RTX has an earnings estimate of $1.24 per share for the current quarter. EPS was calculated based on a consensus of 20 estimates, with a high estimate of $1.32 per share and a lower estimate of $1.06. The company reported an EPS of $1.16 in the last quarter, which was 3.60% higher than expectations of $1.12.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 23 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for RTX is Sell with a score of 4.36. A total of 12 analysts rated the stock as Buy while 4 rated it as Overweight while 7 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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