RTX (NYSE:RTX) Stock Price Down 2.5% - Should You Sell?

RTX Co. (NYSE:RTX - Get Free Report)'s share price traded down 2.5% during mid-day trading on Friday . The company traded as low as $122.62 and last traded at $122.72. 2,482,570 shares were traded during mid-day trading, a decline of 46% from the average session volume of 4,617,400 shares. The stock had previously closed at $125.84.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on RTX. Citigroup upgraded RTX from a "neutral" rating to a "buy" rating and lifted their target price for the company from $132.00 to $153.00 in a report on Tuesday, January 21st. UBS Group lifted their price target on RTX from $128.00 to $142.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 29th. Morgan Stanley lifted their target price on RTX from $130.00 to $135.00 and gave the company an "equal weight" rating in a research note on Wednesday, January 29th. Argus raised shares of RTX from a "hold" rating to a "buy" rating in a research note on Tuesday, February 11th. Finally, Wells Fargo & Company increased their price objective on shares of RTX from $151.00 to $156.00 and gave the company an "overweight" rating in a report on Thursday, January 30th. Six research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $163.07.

RTX Stock Performance

The stock's 50 day simple moving average is $121.20 and its two-hundred day simple moving average is $120.80. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74. The company has a market capitalization of $166.87 billion, a P/E ratio of 35.29, a P/E/G ratio of 2.06 and a beta of 0.82.

RTX (NYSE:RTX - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 earnings per share (EPS) for the quarter, beating 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%. As a group, research analysts expect that RTX Co. will post 6.11 earnings per share for the current year.

RTX Dividend Announcement

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

Insiders Place Their Bets

In related news, EVP Dantaya M. Williams sold 14,031 shares of the company's stock in a transaction dated 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 directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.13% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in RTX. Vanguard Group Inc. grew its position in shares of RTX by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 118,479,159 shares of the company's stock worth $13,710,408,000 after buying an additional 1,252,448 shares during the period. Geode Capital Management LLC raised its stake in shares of RTX by 3.7% during the 4th quarter. Geode Capital Management LLC now owns 28,264,502 shares of the company's stock worth $3,263,610,000 after purchasing an additional 1,000,722 shares during the period. Fisher Asset Management LLC raised its stake in shares of RTX by 3.1% during the 4th quarter. Fisher Asset Management LLC now owns 19,047,685 shares of the company's stock worth $2,204,198,000 after purchasing an additional 576,214 shares during the period. Franklin Resources Inc. raised its stake in shares of RTX by 3.8% during the 4th quarter. Franklin Resources Inc. now owns 16,611,341 shares of the company's stock worth $1,922,264,000 after purchasing an additional 603,159 shares during the period. Finally, Norges Bank bought a new stake in RTX in the 4th quarter valued at about $1,745,644,000. 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.