RTX (NYSE:RTX) Stock Price Down 0.1% – What’s Next?

Shares of RTX Co. (NYSE:RTX) fell 0.1% during trading on Wednesday . The stock traded as low as $131.21 and last traded at $132.77. 521,233 shares changed hands during mid-day trading, a decline of 91% from the average session volume of 5,609,036 shares. The stock had previously closed at $132.85.

Analysts Set New Price Targets

A number of brokerages recently weighed in on RTX. Royal Bank of Canada lifted their price objective on shares of RTX from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. Bank of America boosted their price target on RTX from $145.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Vertical Research upgraded RTX to a “strong-buy” rating in a report on Tuesday, January 28th. StockNews.com cut RTX from a “buy” rating to a “hold” rating in a report on Friday, February 14th. Finally, Argus upgraded RTX from a “hold” rating to a “buy” rating in a research note on Tuesday, February 11th. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $166.40.

RTX Price Performance

The company has a market cap of $177.79 billion, a PE ratio of 37.51, a PEG ratio of 2.11 and a beta of 0.78. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74. The stock’s 50-day moving average is $128.96 and its 200 day moving average is $123.24.

RTX (NYSE:RTX) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 EPS for the quarter, beating the consensus estimate of $1.35 by $0.19. RTX had a return on equity of 12.45% and a net margin of 5.91%. On average, equities analysts anticipate that RTX Co. will post 6.11 earnings per share for the current fiscal year.

RTX Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Friday, February 21st were issued a dividend of $0.63 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a $2.52 annualized dividend and a dividend yield of 1.89%. RTX’s dividend payout ratio (DPR) is currently 70.99%.

Insider Activity at RTX

In related news, CEO Christopher T. Calio sold 27,379 shares of the firm’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $130.36, for a total value of $3,569,126.44. Following the completion of the transaction, the chief executive officer now owns 81,508 shares in the company, valued at $10,625,382.88. This trade represents a 25.14 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Dantaya M. Williams sold 14,031 shares of the business’s stock in a transaction dated 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 sale, the executive vice president now owns 44,415 shares in the company, valued at approximately $5,739,750.45. The trade was a 24.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 79,831 shares of company stock valued at $10,309,302 in the last three months. 0.15% of the stock is owned by insiders.

Hedge Funds Weigh In On RTX

A number of institutional investors have recently bought and sold shares of RTX. Marcum Wealth LLC grew its position in RTX by 97.6% during the 1st quarter. Marcum Wealth LLC now owns 19,733 shares of the company’s stock worth $2,614,000 after purchasing an additional 9,745 shares during the period. Global Wealth Strategies & Associates raised its position in RTX by 75.2% during the first quarter. Global Wealth Strategies & Associates now owns 741 shares of the company’s stock valued at $98,000 after acquiring an additional 318 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in RTX by 2.4% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 252,463 shares of the company’s stock valued at $33,441,000 after acquiring an additional 6,026 shares during the period. Emprise Bank boosted its position in RTX by 108.4% in the 1st quarter. Emprise Bank now owns 14,985 shares of the company’s stock worth $1,985,000 after purchasing an additional 7,796 shares in the last quarter. Finally, Milestone Asset Management Group LLC acquired a new stake in shares of RTX during the 4th quarter worth approximately $2,660,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

RTX Company Profile

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.