RTX (NYSE:RTX) Trading 1.2% Higher - Time to Buy?

RTX Corporation (NYSE:RTX - Get Free Report) traded up 1.2% during trading on Monday . The company traded as high as $152.84 and last traded at $153.35. 1,334,428 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 5,257,958 shares. The stock had previously closed at $151.50.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on RTX. Royal Bank Of Canada decreased their target price on RTX from $150.00 to $140.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 23rd. UBS Group lifted their price target on RTX from $133.00 to $138.00 and gave the stock a "buy" rating in a research report on Wednesday, April 23rd. Morgan Stanley increased their price objective on shares of RTX from $135.00 to $165.00 and gave the company an "equal weight" rating in a research report on Thursday. Susquehanna lowered their price target on shares of RTX from $147.00 to $140.00 and set a "positive" rating on the stock in a report on Wednesday, April 23rd. Finally, Citigroup upped their target price on shares of RTX from $148.00 to $182.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Seven investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $164.28.

RTX Stock Up 0.2%

The stock's fifty day moving average price is $141.35 and its 200 day moving average price is $131.70. The company has a current ratio of 1.01, a quick ratio of 0.75 and a debt-to-equity ratio of 0.60. The stock has a market cap of $202.79 billion, a P/E ratio of 44.52, a price-to-earnings-growth ratio of 2.82 and a beta of 0.64.

RTX (NYSE:RTX - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The company reported $1.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.35 by $0.12. RTX had a net margin of 5.63% and a return on equity of 12.71%. The firm had revenue of $20.31 billion for the quarter, compared to analysts' expectations of $19.80 billion. As a group, research analysts forecast that RTX Corporation will post 6.11 earnings per share for the current fiscal year.

RTX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Friday, August 15th will be paid a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 1.79%. RTX's dividend payout ratio (DPR) is presently 79.77%.

Insider Transactions at RTX

In other RTX news, EVP Dantaya M. Williams sold 16,922 shares of RTX stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $137.62, for a total value of $2,328,805.64. Following the sale, the executive vice president owned 16,538 shares of the company's stock, valued at $2,275,959.56. The trade was a 50.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Amy L. Johnson sold 4,146 shares of the stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $127.54, for a total value of $528,780.84. Following the sale, the vice president owned 9,546 shares in the company, valued at $1,217,496.84. The trade was a 30.28% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.15% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. MorganRosel Wealth Management LLC purchased a new stake in shares of RTX during the first quarter worth $26,000. PFS Partners LLC lifted its holdings in RTX by 101.1% in the second quarter. PFS Partners LLC now owns 177 shares of the company's stock valued at $26,000 after acquiring an additional 89 shares during the last quarter. 10Elms LLP acquired a new stake in RTX during the fourth quarter worth $29,000. Greenline Partners LLC purchased a new stake in RTX in the fourth quarter valued at $34,000. Finally, Millstone Evans Group LLC acquired a new position in shares of RTX in the 4th quarter valued at $39,000. 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.

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