RTX (NYSE:RTX) Trading Up 1.9%

RTX Co. (NYSE:RTX) rose 1.9% during mid-day trading on Monday . The stock traded as high as $120.90 and last traded at $120.71. Approximately 761,653 shares traded hands during mid-day trading, a decline of 89% from the average daily volume of 7,059,160 shares. The stock had previously closed at $118.44.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on RTX shares. JPMorgan Chase & Co. upped their price target on shares of RTX from $110.00 to $130.00 and gave the stock an “overweight” rating in a research report on Monday, July 29th. Susquehanna increased their target price on RTX from $119.00 to $140.00 and gave the company a “positive” rating in a report on Friday, July 26th. Royal Bank of Canada lifted their price target on RTX from $102.00 to $115.00 and gave the stock a “sector perform” rating in a research note on Friday, July 26th. StockNews.com raised RTX from a “hold” rating to a “buy” rating in a research note on Friday, September 6th. Finally, Robert W. Baird lifted their target price on shares of RTX from $105.00 to $115.00 and gave the stock a “neutral” rating in a research note on Friday, July 26th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, RTX presently has an average rating of “Hold” and an average price target of $153.47.

RTX Stock Performance

The firm’s 50 day moving average price is $112.97 and its two-hundred day moving average price is $104.85. The firm has a market cap of $158.64 billion, a PE ratio of 46.34, a PEG ratio of 2.08 and a beta of 0.82. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.73 and a current ratio of 0.99.

RTX (NYSE:RTX) last issued its quarterly earnings data on Thursday, July 25th. The company reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.11. RTX had a return on equity of 11.37% and a net margin of 3.12%. The company had revenue of $19.72 billion during the quarter, compared to analyst estimates of $19.29 billion. During the same period in the prior year, the business posted $1.29 earnings per share. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. On average, research analysts forecast that RTX Co. will post 5.45 earnings per share for the current year.

Insider Buying and Selling

In other RTX news, CEO Christopher T. Calio sold 4,235 shares of the company’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $114.00, for a total value of $482,790.00. Following the transaction, the chief executive officer now owns 88,509 shares of the company’s stock, valued at $10,090,026. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Shane G. Eddy sold 6,741 shares of RTX stock in a transaction on Friday, July 26th. The stock was sold at an average price of $114.76, for a total value of $773,597.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Christopher T. Calio sold 4,235 shares of the stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $114.00, for a total value of $482,790.00. Following the transaction, the chief executive officer now directly owns 88,509 shares in the company, valued at approximately $10,090,026. The disclosure for this sale can be found here. In the last ninety days, insiders sold 178,333 shares of company stock valued at $20,861,880. 0.13% of the stock is currently owned by insiders.

Institutional Trading of RTX

A number of institutional investors and hedge funds have recently bought and sold shares of RTX. Briaud Financial Planning Inc grew its holdings in shares of RTX by 64.1% in the second quarter. Briaud Financial Planning Inc now owns 256 shares of the company’s stock valued at $25,000 after purchasing an additional 100 shares in the last quarter. Lynx Investment Advisory purchased a new position in RTX in the 2nd quarter valued at approximately $26,000. Mizuho Securities Co. Ltd. purchased a new position in RTX in the 2nd quarter valued at approximately $32,000. Fairfield Financial Advisors LTD acquired a new position in shares of RTX in the second quarter worth $41,000. Finally, Alaska Permanent Fund Corp purchased a new stake in shares of RTX during the first quarter worth $42,000. 86.50% of the stock is currently owned by hedge funds and other 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.