RTX Co. (NYSE:RTX - Get Free Report) was up 0.1% during mid-day trading on Thursday . The stock traded as high as $134.96 and last traded at $134.43. Approximately 549,744 shares changed hands during trading, a decline of 90% from the average daily volume of 5,338,507 shares. The stock had previously closed at $134.33.
Analyst Ratings Changes
RTX has been the topic of several recent research reports. Royal Bank of Canada boosted their price objective on shares of RTX from $140.00 to $150.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 29th. 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 report on Thursday, January 30th. Vertical Research upgraded RTX to a "strong-buy" rating in a research note on Tuesday, January 28th. StockNews.com downgraded RTX from a "buy" rating to a "hold" rating in a report on Friday, February 14th. Finally, Bank of America upped their target price on RTX from $145.00 to $155.00 and gave the stock a "buy" rating in a research report on Thursday, January 30th. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $166.40.
Read Our Latest Report on RTX
RTX Trading Down 1.3 %
The business has a 50 day moving average price of $128.59 and a 200 day moving average price of $123.03. The company has a current ratio of 0.99, a quick ratio of 0.74 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $175.81 billion, a P/E ratio of 37.09, a PEG ratio of 2.11 and a beta of 0.78.
RTX (NYSE:RTX - Get Free Report) last issued its earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share 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%. Analysts anticipate that RTX Co. will post 6.11 EPS for the current year.
RTX Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 21st were paid a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.91%. The ex-dividend date was Friday, February 21st. RTX's dividend payout ratio (DPR) is presently 70.99%.
Insiders Place Their Bets
In related news, insider Troy D. Brunk sold 2,872 shares of RTX stock in a transaction on Monday, February 24th. The stock was sold at an average price of $125.95, for a total transaction of $361,728.40. Following the sale, the insider now directly owns 5,272 shares in the company, valued at approximately $664,008.40. This trade represents a 35.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 sale, the chief executive officer now directly owns 81,508 shares of the company's stock, valued at $10,625,382.88. This represents a 25.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 79,831 shares of company stock valued at $10,309,302 in the last ninety days. 0.15% of the stock is currently owned by insiders.
Hedge Funds Weigh In On RTX
Large investors have recently modified their holdings of the company. Norges Bank purchased a new stake in shares of RTX in the 4th quarter worth about $1,745,644,000. T. Rowe Price Investment Management Inc. lifted its stake in shares of RTX by 43.1% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 10,508,662 shares of the company's stock valued at $1,216,063,000 after purchasing an additional 3,164,844 shares during the last quarter. Amundi lifted its stake in shares of RTX by 83.1% during the 4th quarter. Amundi now owns 6,288,559 shares of the company's stock worth $728,964,000 after acquiring an additional 2,854,928 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in RTX by 545.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 2,478,784 shares of the company's stock worth $286,845,000 after purchasing an additional 2,094,834 shares in the last quarter. Finally, Capital Wealth Planning LLC purchased a new position in shares of RTX in the 4th quarter valued at $216,340,000. 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.
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