RTX (NYSE:RTX) Stock Price Down 0.1% – Should You Sell?

RTX Co. (NYSE:RTXGet Free Report)’s stock price was down 0.1% during mid-day trading on Friday . The company traded as low as $123.91 and last traded at $124.37. Approximately 787,401 shares traded hands during trading, a decline of 83% from the average daily volume of 4,659,733 shares. The stock had previously closed at $124.48.

Wall Street Analyst Weigh In

A number of research analysts have commented on RTX shares. Vertical Research raised shares of RTX to a “strong-buy” rating in a research report on Tuesday, January 28th. Deutsche Bank Aktiengesellschaft raised shares of RTX from a “hold” rating to a “buy” rating and boosted their price target for the company from $131.00 to $140.00 in a research note on Thursday, January 2nd. Wells Fargo & Company increased their price objective on shares of RTX from $151.00 to $156.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. StockNews.com lowered RTX from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Finally, UBS Group raised their price target on RTX from $128.00 to $142.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Six investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, RTX has a consensus rating of “Moderate Buy” and an average price target of $163.07.

Check Out Our Latest Research Report on RTX

RTX Stock Performance

The stock has a 50-day moving average price of $121.49 and a 200 day moving average price of $120.93. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $164.16 billion, a price-to-earnings ratio of 34.71, a P/E/G ratio of 2.11 and a beta of 0.82.

RTX (NYSE:RTXGet Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.19. RTX had a net margin of 5.91% and a return on equity of 12.45%. On average, analysts forecast that RTX Co. will post 6.11 EPS for the current year.

RTX Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 21st will be issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend is Friday, February 21st. RTX’s dividend payout ratio (DPR) is 70.99%.

Insider Activity

In related news, EVP Dantaya M. Williams sold 14,031 shares of the stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $129.23, for a total value of $1,813,226.13. Following the transaction, the executive vice president now directly owns 44,415 shares of the company’s stock, valued at $5,739,750.45. This trade represents a 24.01 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.13% of the company’s stock.

Hedge Funds Weigh In On RTX

Several hedge funds have recently made changes to their positions in RTX. MidAtlantic Capital Management Inc. purchased a new position in RTX during the 3rd quarter worth approximately $29,000. 10Elms LLP purchased a new position in shares of RTX during the fourth quarter worth approximately $29,000. Fairway Wealth LLC purchased a new stake in RTX in the 4th quarter valued at $31,000. Picton Mahoney Asset Management boosted its stake in RTX by 2,944.4% during the 4th quarter. Picton Mahoney Asset Management now owns 274 shares of the company’s stock worth $31,000 after purchasing an additional 265 shares during the period. Finally, Greenline Partners LLC purchased a new position in RTX during the 4th quarter worth $34,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Company Profile

(Get Free Report)

RTX Corporation, an aerospace and defense company, provides systems and services for the commercial, military, and government customers in the United States and internationally. It operates through three segments: Collins Aerospace, Pratt & Whitney, and Raytheon. The Collins Aerospace Systems segment offers aerospace and defense products, and aftermarket service solutions for civil and military aircraft manufacturers and commercial airlines, as well as regional, business, and general aviation, defense, and commercial space operations.

Further Reading

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