RTX Co. (NYSE:RTX - Get Free Report) shares fell 0.2% during mid-day trading on Friday . The company traded as low as $126.26 and last traded at $128.02. 815,613 shares were traded during trading, a decline of 85% from the average session volume of 5,602,768 shares. The stock had previously closed at $128.28.
Analysts Set New Price Targets
Several analysts have weighed in on the company. Vertical Research raised RTX to a "strong-buy" rating in a report on Tuesday, January 28th. UBS Group raised RTX from a "neutral" rating to a "buy" rating and raised their price target for the company from $142.00 to $147.00 in a report on Monday, February 24th. Royal Bank of Canada raised their price target on RTX from $140.00 to $150.00 and gave the company an "outperform" rating in a report on Wednesday, January 29th. Morgan Stanley raised their price target on RTX from $130.00 to $135.00 and gave the company an "equal weight" rating in a report on Wednesday, January 29th. Finally, Citigroup raised RTX from a "neutral" rating to a "buy" rating and raised their price target for the company from $132.00 to $153.00 in a report on Tuesday, January 21st. Five analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $163.40.
Check Out Our Latest Report on RTX
RTX Trading Up 0.3 %
The firm has a 50-day moving average of $124.02 and a 200-day moving average of $121.79. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 0.99. The firm has a market capitalization of $171.35 billion, a P/E ratio of 36.23, a price-to-earnings-growth ratio of 2.11 and a beta of 0.78.
RTX (NYSE:RTX - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share (EPS) for the quarter, topping 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 research analysts anticipate that RTX Co. will post 6.11 EPS for the current fiscal year.
RTX Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 21st will be given a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, February 21st. This represents a $2.52 annualized dividend and a yield of 1.96%. RTX's payout ratio is 70.99%.
Insider Buying and Selling
In other news, EVP Dantaya M. Williams sold 14,031 shares of RTX stock in a transaction that occurred on Wednesday, February 5th. The stock was 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 directly owns 44,415 shares in the company, valued at approximately $5,739,750.45. This trade represents a 24.01 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Neil G. Mitchill, Jr. sold 16,118 shares of RTX stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $130.35, for a total value of $2,100,981.30. Following the completion of the sale, the chief financial officer now owns 59,556 shares in the company, valued at approximately $7,763,124.60. This represents a 21.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 79,831 shares of company stock worth $10,309,302 in the last ninety days. 0.13% of the stock is owned by insiders.
Institutional Investors Weigh In On RTX
A number of large investors have recently made changes to their positions in RTX. Vanguard Group Inc. lifted its stake in shares of RTX by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 118,479,159 shares of the company's stock valued at $13,710,408,000 after purchasing an additional 1,252,448 shares during the period. Geode Capital Management LLC lifted its stake in shares of RTX by 3.7% in the 4th quarter. Geode Capital Management LLC now owns 28,264,502 shares of the company's stock valued at $3,263,610,000 after purchasing an additional 1,000,722 shares during the period. Fisher Asset Management LLC lifted its stake in shares of RTX by 3.1% in the 4th quarter. Fisher Asset Management LLC now owns 19,047,685 shares of the company's stock valued at $2,204,198,000 after purchasing an additional 576,214 shares during the period. Franklin Resources Inc. lifted its stake in shares of RTX by 3.8% in the 4th quarter. Franklin Resources Inc. now owns 16,611,341 shares of the company's stock valued at $1,922,264,000 after purchasing an additional 603,159 shares during the period. Finally, Norges Bank purchased a new position in shares of RTX in the 4th quarter valued at approximately $1,745,644,000. 86.50% of the stock is currently owned by institutional investors.
About RTX
(
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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