RTX (NYSE:RTX) Trading Up 1.6% – Time to Buy?

RTX Co. (NYSE:RTX) traded up 1.6% during trading on Monday . The stock traded as high as $132.69 and last traded at $132.04. 944,980 shares were traded during trading, a decline of 82% from the average session volume of 5,391,133 shares. The stock had previously closed at $129.99.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. JPMorgan Chase & Co. upped their price target on shares of RTX from $140.00 to $150.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Bank of America upped their price target on shares of RTX from $145.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Susquehanna upped 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. StockNews.com lowered shares of RTX from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Finally, Wells Fargo & Company upped their price target on shares of RTX from $151.00 to $156.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Five investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $163.40.

RTX Stock Up 1.8 %

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 firm has a market capitalization of $176.64 billion, a P/E ratio of 37.26, a P/E/G ratio of 2.11 and a beta of 0.78. The company has a 50 day simple moving average of $125.33 and a two-hundred day simple moving average of $122.17.

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

RTX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 21st will be given a dividend of $0.63 per share. 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 1.90%. RTX’s dividend payout ratio is currently 70.99%.

Insider Activity

In other news, CEO Christopher T. Calio sold 27,379 shares of the stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $130.36, for a total transaction of $3,569,126.44. Following the completion of the transaction, the chief executive officer now directly owns 81,508 shares in the company, valued at approximately $10,625,382.88. This represents a 25.14 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Neil G. Mitchill, Jr. sold 16,118 shares of the firm’s stock in a transaction on 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 owns 59,556 shares of the company’s stock, valued at approximately $7,763,124.60. This represents a 21.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 79,831 shares of company stock worth $10,309,302. 0.13% of the stock is currently owned by insiders.

Institutional Trading of RTX

A number of institutional investors have recently bought and sold shares of the stock. KBC Group NV increased its stake in RTX by 5.4% in the third quarter. KBC Group NV now owns 105,297 shares of the company’s stock worth $12,758,000 after purchasing an additional 5,374 shares during the period. Schear Investment Advisers LLC increased its stake in RTX by 1.6% in the third quarter. Schear Investment Advisers LLC now owns 5,826 shares of the company’s stock worth $706,000 after purchasing an additional 89 shares during the period. Tower Bridge Advisors increased its stake in RTX by 0.8% in the third quarter. Tower Bridge Advisors now owns 104,542 shares of the company’s stock worth $12,666,000 after purchasing an additional 876 shares during the period. Essential Planning LLC. purchased a new stake in RTX in the third quarter worth $216,000. Finally, TrinityPoint Wealth LLC increased its stake in RTX by 0.5% in the third quarter. TrinityPoint Wealth LLC now owns 38,752 shares of the company’s stock worth $4,695,000 after purchasing an additional 186 shares during the period. 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.