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Tuesday, March 21, 2023

Searching For Real Value In Market Debris At Raytheon Technologies Corporation (NYSE: RTX)

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Raytheon Technologies Corporation (RTX) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.04, or 0.04%, to $97.50. The Raytheon Technologies Corporation has recorded 122,615 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Pratt & Whitney Awarded F135 Production Contract for Lots 15-17.

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Stocks Info

As a NYSE listed company, RTX falls under the Industrials sector while operating within the Aerospace & Defense industry segment. At the end of the last regular session, the stock closed at $97.46 and fluctuated between $98.24 as its day high and $94.73 as its day low. The current market capitalization of Raytheon Technologies Corporation is $142.67B. A total of 7.76 million shares were traded on the day, compared to an average of 4.61M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, RTX has seen 12 BUY and 12 SELL insider trades, representing the acquisition of 175,411 and the disposition of 64,308 shares. Over the last 12 months, there were 24 BUYs and 37 SELLs from insiders. Insiders purchased 267,676 shares during that period but sold 159,714.

In the most recent transaction, Johnson Amy L sold 3,622 shares of RTX for 98.55 per share on Feb 28. After the transaction, the Corporate VP and Controller now owns 4,061 company shares. In a previous transaction on Dec 02, HAYES GREGORY sold 4,260 shares at 99.16 per share. RTX shares that Chairman and CEO owns now total 453,685.

Among the insiders who sold shares, Eddy Shane G disposed of 3,343 shares on Nov 03 at a per-share price of $95.53. This resulted in the President, P&W holding 24,176 shares of RTX after the transaction. In another insider transaction, Calio Christopher T. sold 1,697 shares at $94.26 per share on Oct 31. Company shares held by the Chief Operating Officer now total 44,562.


Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Raytheon Technologies Corporation pays an annual dividend of $2.20, resulting in a dividend yield of 2.26%, and it has a price to earnings (P/E) ratio of 27.75. RTX’s most recent ex-dividend date was 2/23/2023 when it declared a $0.55 quarterly dividend that was paid in cash on 3/23/2023. Previously, the company paid the dividend on 12/15/2022 with an ex-dividend date of 11/17/2022. The RTX stock dividend was $0.55 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for RTX in the last 3 months, the mean price target is $109.30 with high estimates of $120.00 and low estimates of $100.00. In terms of 52-week highs and lows, RTX has a high of $108.84 and a low of $80.27.

As of this writing, RTX has an earnings estimate of $1.13 per share for the current quarter. EPS was calculated based on a consensus of 18 estimates, with a high estimate of $1.19 per share and a lower estimate of $1.04. The company reported an EPS of $1.21 in the last quarter, which was 6.10% higher than expectations of $1.14.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 26 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 4.25. A total of 11 analysts rated the stock as Buy while 4 rated it as Overweight while 11 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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