RTX (NYSE:RTX) Trading 0.8% Higher - Time to Buy?

Shares of RTX Co. (NYSE:RTX - Get Free Report) rose 0.8% during trading on Monday . The company traded as high as $129.47 and last traded at $129.38. Approximately 901,248 shares changed hands during mid-day trading, a decline of 84% from the average daily volume of 5,599,328 shares. The stock had previously closed at $128.40.

Analysts Set New Price Targets

A number of research analysts recently commented on RTX shares. Deutsche Bank Aktiengesellschaft upgraded RTX from a "hold" rating to a "buy" rating and upped their target price for the company from $131.00 to $140.00 in a research note on Thursday, January 2nd. Susquehanna increased their price objective on shares of RTX from $139.00 to $147.00 and gave the company a "positive" 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 report on Tuesday, February 11th. Morgan Stanley increased their price target 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. Finally, Wells Fargo & Company lifted their price objective on RTX from $151.00 to $156.00 and gave the company an "overweight" rating in a report on Thursday, January 30th. Five equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $163.40.

RTX Trading Down 0.3 %

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 stock has a market cap of $170.73 billion, a P/E ratio of 36.10, a price-to-earnings-growth ratio of 2.11 and a beta of 0.78. The business's fifty day simple moving average is $124.54 and its 200 day simple moving average is $121.97.

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RTX (NYSE:RTX - Get Free Report) last released 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 return on equity of 12.45% and a net margin of 5.91%. As a group, analysts expect that RTX Co. will post 6.11 EPS for the current year.

RTX Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 21st will be paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date of this dividend is Friday, February 21st. RTX's dividend payout ratio (DPR) is 70.99%.

Insider Buying and Selling at RTX

In other news, CFO Neil G. Mitchill, Jr. sold 16,118 shares of the company's stock in a transaction dated 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 directly owns 59,556 shares of the company's stock, valued at $7,763,124.60. This represents a 21.30 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Christopher T. Calio sold 27,379 shares of the business's stock in a transaction that occurred on Thursday, February 27th. The shares were 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 approximately $10,625,382.88. This represents a 25.14 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 79,831 shares of company stock valued at $10,309,302. 0.13% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. MidAtlantic Capital Management Inc. acquired a new stake in shares of RTX in the third quarter valued at about $29,000. 10Elms LLP acquired a new position in shares of RTX in the fourth quarter valued at approximately $29,000. Fairway Wealth LLC acquired a new position in shares of RTX in the fourth quarter valued at about $31,000. Picton Mahoney Asset Management raised its stake in RTX by 2,944.4% in the 4th quarter. Picton Mahoney Asset Management now owns 274 shares of the company's stock worth $31,000 after purchasing an additional 265 shares in the last quarter. Finally, Greenline Partners LLC bought a new position in shares of RTX during the fourth quarter worth approximately $34,000. Institutional investors own 86.50% of the company's stock.

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.

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