RTX (NYSE:RTX) Trading Up 1.4% - Here's Why

RTX Co. (NYSE:RTX - Get Free Report) shares rose 1.4% on Tuesday . The company traded as high as $125.33 and last traded at $124.13. Approximately 1,492,900 shares changed hands during trading, a decline of 68% from the average daily volume of 4,693,792 shares. The stock had previously closed at $122.41.

Wall Street Analyst Weigh In

Several brokerages have commented on RTX. Morgan Stanley lifted their price objective on shares of RTX from $130.00 to $135.00 and gave the stock an "equal weight" rating in a research report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft raised shares of RTX from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $131.00 to $140.00 in a research report on Thursday, January 2nd. StockNews.com lowered shares of RTX from a "buy" rating to a "hold" rating in a research report on Friday, February 14th. Bank of America lifted their price objective on shares of RTX from $145.00 to $155.00 and gave the stock a "buy" rating in a research report on Thursday, January 30th. Finally, Susquehanna boosted their price target on shares of RTX from $139.00 to $147.00 and gave the company a "positive" rating in a research report on Wednesday, January 29th. Six investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $163.07.

RTX Trading Down 1.0 %

The firm's 50 day moving average is $121.38 and its 200 day moving average is $120.83. The company has a market cap of $164.16 billion, a PE ratio of 34.71, a PEG ratio of 2.12 and a beta of 0.82. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74.

RTX (NYSE:RTX - Get Free Report) last released its quarterly earnings results 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%. On average, equities analysts anticipate that RTX Co. will post 6.11 earnings per share for the current year.

RTX Announces Dividend

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

Insider Transactions at RTX

In other news, EVP Dantaya M. Williams sold 14,031 shares of the business's stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.13% of the company's stock.

Institutional Investors Weigh In On RTX

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RTX. MidAtlantic Capital Management Inc. bought a new stake in RTX during the 3rd quarter valued at $29,000. 10Elms LLP bought a new stake in RTX during the 4th quarter valued at $29,000. Fairway Wealth LLC bought a new stake in RTX during the 4th quarter valued at $31,000. Picton Mahoney Asset Management raised its holdings in 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 last quarter. Finally, Greenline Partners LLC bought a new stake in RTX during the 4th quarter valued at $34,000. 86.50% of the stock is currently owned by institutional investors.

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.