RTX (NYSE:RTX) Trading 1.7% Higher – Should You Buy?

RTX Co. (NYSE:RTX) shares were up 1.7% during trading on Tuesday . The company traded as high as $127.56 and last traded at $127.57. Approximately 1,455,849 shares were traded during mid-day trading, a decline of 69% from the average daily volume of 4,673,361 shares. The stock had previously closed at $125.43.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on RTX shares. Vertical Research upgraded RTX to a “strong-buy” rating in a research report on Tuesday, January 28th. Susquehanna boosted their price target on RTX from $139.00 to $147.00 and gave the stock a “positive” rating in a report on Wednesday, January 29th. Royal Bank of Canada upped their price objective on RTX from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft upgraded shares of RTX from a “hold” rating to a “buy” rating and lifted their target price for the stock from $131.00 to $140.00 in a research report on Thursday, January 2nd. Finally, Citigroup upgraded shares of RTX from a “neutral” rating to a “buy” rating and upped their price target for the company from $132.00 to $153.00 in a research report on Tuesday, January 21st. Five analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $163.40.

RTX Price Performance

The business has a 50 day moving average price of $121.64 and a 200-day moving average price of $121.05. The company has a market capitalization of $168.95 billion, a price-to-earnings ratio of 35.75, a P/E/G ratio of 2.11 and a beta of 0.82. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 0.99.

RTX (NYSE:RTX) last released its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.19. RTX had a net margin of 5.91% and a return on equity of 12.45%. Research analysts predict that RTX Co. will post 6.11 EPS for the current fiscal year.

RTX Dividend Announcement

The business 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 dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, February 21st. This represents a $2.52 annualized dividend and a dividend yield of 1.99%. RTX’s dividend payout ratio is currently 70.99%.

Insider Activity

In related news, EVP Dantaya M. Williams sold 14,031 shares of RTX stock in a transaction 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 owns 44,415 shares of the company’s stock, valued at approximately $5,739,750.45. This trade represents a 24.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.13% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in RTX. MidAtlantic Capital Management Inc. bought a new position in RTX in the 3rd quarter valued at about $29,000. 10Elms LLP bought a new position in shares of RTX in the fourth quarter valued at approximately $29,000. Fairway Wealth LLC purchased a new position in shares of RTX during the fourth quarter valued at approximately $31,000. Picton Mahoney Asset Management grew its holdings in RTX by 2,944.4% during the fourth quarter. Picton Mahoney Asset Management now owns 274 shares of the company’s stock worth $31,000 after buying an additional 265 shares in the last quarter. Finally, Greenline Partners LLC purchased a new stake in RTX in the 4th quarter valued at $34,000. 86.50% of the stock is 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.