RTX (NYSE:RTX) Trading Up 0.5% on Analyst Upgrade

RTX Co. (NYSE:RTX - Get Free Report) shares rose 0.5% during mid-day trading on Tuesday after Wells Fargo & Company raised their price target on the stock from $136.00 to $144.00. Wells Fargo & Company currently has an overweight rating on the stock. RTX traded as high as $129.95 and last traded at $129.82. Approximately 1,443,880 shares changed hands during mid-day trading, a decline of 74% from the average daily volume of 5,483,959 shares. The stock had previously closed at $129.14.

Several other equities analysts have also commented on RTX. UBS Group raised RTX from a "neutral" rating to a "buy" rating in a report on Monday, March 24th. Morgan Stanley boosted their target price on RTX from $130.00 to $135.00 and gave the stock an "equal weight" rating in a research note on Wednesday, January 29th. Argus upgraded shares of RTX from a "hold" rating to a "buy" rating in a research note on Tuesday, February 11th. Vertical Research upgraded shares of RTX to a "strong-buy" rating in a research report on Tuesday, January 28th. Finally, StockNews.com lowered shares of RTX from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, RTX currently has a consensus rating of "Moderate Buy" and a consensus price target of $165.27.

Insider Buying and Selling

In other RTX news, CEO Christopher T. Calio sold 27,379 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $130.36, for a total transaction of $3,569,126.44. Following the transaction, the chief executive officer now owns 81,508 shares of the company's stock, valued at $10,625,382.88. This represents a 25.14 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Dantaya M. Williams sold 14,031 shares of the company's stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $129.23, for a total transaction 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 79,831 shares of company stock valued at $10,309,302. 0.15% of the stock is owned by insiders.

Institutional Investors Weigh In On RTX

Several institutional investors have recently bought and sold shares of the business. 10Elms LLP acquired a new stake in RTX in the 4th quarter valued at $29,000. Fairway Wealth LLC purchased a new stake in shares of RTX in the fourth quarter worth about $31,000. Picton Mahoney Asset Management raised its holdings in shares of RTX by 2,944.4% during the 4th quarter. Picton Mahoney Asset Management now owns 274 shares of the company's stock valued at $31,000 after buying an additional 265 shares during the period. Greenline Partners LLC purchased a new position in RTX in the 4th quarter worth approximately $34,000. Finally, Modus Advisors LLC acquired a new stake in RTX in the fourth quarter valued at approximately $39,000. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

RTX Price Performance

The company has a market cap of $172.07 billion, a PE ratio of 36.31, a price-to-earnings-growth ratio of 2.11 and a beta of 0.58. The business's 50 day moving average price is $128.59 and its 200-day moving average price is $123.83. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63.

RTX (NYSE:RTX - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 EPS for the quarter, topping 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%. As a group, analysts forecast that RTX Co. will post 6.11 earnings per share for the current year.

RTX Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 21st were issued a $0.63 dividend. The ex-dividend date was Friday, February 21st. This represents a $2.52 annualized dividend and a yield of 1.96%. RTX's dividend payout ratio is presently 70.99%.

About RTX

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.