Have Insiders Sold Raytheon Technologies Corporation (NYSE:RTX) Shares Recently?

By
Simply Wall St
Published
May 24, 2021
NYSE:RTX

Anyone interested in Raytheon Technologies Corporation (NYSE:RTX) should probably be aware that the Executive VP & General Counsel, Frank Jimenez, recently divested US$120k worth of shares in the company, at an average price of US$85.97 each. However, the silver lining is that the sale only reduced their total holding by 2.7%, so we're hesitant to read anything much into it, on its own.

View our latest analysis for Raytheon Technologies

The Last 12 Months Of Insider Transactions At Raytheon Technologies

The President Gregory Hayes made the biggest insider purchase in the last 12 months. That single transaction was for US$3.0m worth of shares at a price of US$55.10 each. We do like to see buying, but this purchase was made at well below the current price of US$86.48. Because the shares were purchased at a lower price, this particular buy doesn't tell us much about how insiders feel about the current share price.

In the last twelve months insiders purchased 85.50k shares for US$4.6m. On the other hand they divested 1.40k shares, for US$120k. In the last twelve months there was more buying than selling by Raytheon Technologies insiders. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!

insider-trading-volume
NYSE:RTX Insider Trading Volume May 25th 2021

Raytheon Technologies is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Insider Ownership of Raytheon Technologies

For a common shareholder, it is worth checking how many shares are held by company insiders. We usually like to see fairly high levels of insider ownership. It's great to see that Raytheon Technologies insiders own 0.1% of the company, worth about US$157m. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

So What Does This Data Suggest About Raytheon Technologies Insiders?

An insider hasn't bought Raytheon Technologies stock in the last three months, but there was some selling. But we take heart from prior transactions. We are also comforted by the high levels of insider ownership. So we're happy to look past recent trading. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. When we did our research, we found 3 warning signs for Raytheon Technologies (1 is potentially serious!) that we believe deserve your full attention.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

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This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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