RTX (NYSE:RTX) Stock Price Down 2.5% – Time to Sell?

RTX Co. (NYSE:RTX)’s share price traded down 2.5% on Monday . The stock traded as low as $121.38 and last traded at $122.68. 7,714,193 shares changed hands during mid-day trading, an increase of 64% from the average session volume of 4,715,731 shares. The stock had previously closed at $125.84.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft raised shares of RTX from a “hold” rating to a “buy” rating and boosted their price target for the stock from $131.00 to $140.00 in a research note on Thursday, January 2nd. Morgan Stanley boosted their price target on shares of RTX from $130.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 29th. UBS Group boosted their price target on shares of RTX from $128.00 to $142.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Susquehanna boosted their price objective 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. Finally, StockNews.com cut shares of RTX from a “buy” rating to a “hold” rating in a research report on Friday, February 14th. Six equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $163.07.

RTX Price Performance

The company has a market cap of $166.87 billion, a PE ratio of 35.29, a PEG ratio of 2.06 and a beta of 0.82. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. The firm’s 50-day moving average is $121.03 and its 200-day moving average is $120.77.

RTX (NYSE:RTX) last announced its quarterly earnings data 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%. On average, equities analysts anticipate that RTX Co. will post 6.11 EPS for the current year.

RTX Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 21st will be issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date of this dividend is Friday, February 21st. RTX’s dividend payout ratio (DPR) is presently 70.99%.

Insider Transactions at RTX

In other news, EVP Dantaya M. Williams sold 14,031 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 44,415 shares in the company, valued at approximately $5,739,750.45. This represents a 24.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.13% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in RTX. New Century Financial Group LLC bought a new position in RTX during the third quarter valued at approximately $211,000. Allspring Global Investments Holdings LLC lifted its position in RTX by 21.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 530,729 shares of the company’s stock valued at $64,303,000 after purchasing an additional 95,096 shares during the period. Raleigh Capital Management Inc. lifted its position in RTX by 52.4% during the third quarter. Raleigh Capital Management Inc. now owns 1,004 shares of the company’s stock valued at $122,000 after purchasing an additional 345 shares during the period. Waterway Wealth Management LLC bought a new position in RTX during the third quarter valued at approximately $212,000. Finally, Ledyard National Bank lifted its position in RTX by 1.7% during the third quarter. Ledyard National Bank now owns 16,197 shares of the company’s stock valued at $1,962,000 after purchasing an additional 278 shares during the period. 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.