RTX (NYSE:RTX) Stock Price Down 0.9% – Should You Sell?

RTX Co. (NYSE:RTX)’s share price traded down 0.9% on Thursday . The stock traded as low as $123.19 and last traded at $124.23. 698,993 shares were traded during trading, a decline of 85% from the average session volume of 4,703,208 shares. The stock had previously closed at $125.41.

Wall Street Analyst Weigh In

A number of research firms have weighed in on RTX. Wells Fargo & Company raised their price target on RTX from $151.00 to $156.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Susquehanna lifted their price target on shares of RTX from $139.00 to $147.00 and gave the stock a “positive” rating in a research note on Wednesday, January 29th. UBS Group upped their price objective on shares of RTX from $128.00 to $142.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Bank of America lifted their target price on shares of RTX from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Finally, StockNews.com cut RTX from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. Six 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 company. According to data from MarketBeat, RTX has an average rating of “Moderate Buy” and an average target price of $163.07.

RTX Stock Performance

The company has a market capitalization of $165.67 billion, a PE ratio of 35.02, a PEG ratio of 2.09 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. The business’s 50-day moving average is $121.20 and its 200-day moving average is $120.80.

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

RTX Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 21st will be given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 2.03%. The ex-dividend date of this dividend is Friday, February 21st. RTX’s dividend payout ratio (DPR) is 70.99%.

Insiders Place Their Bets

In other RTX news, EVP Dantaya M. Williams sold 14,031 shares of RTX stock in a transaction on Wednesday, February 5th. The stock was 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 Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.13% of the company’s stock.

Institutional Investors Weigh In On RTX

Several large investors have recently bought and sold shares of the business. Castlekeep Investment Advisors LLC bought a new stake in shares of RTX in the fourth quarter worth approximately $1,198,000. Parr Mcknight Wealth Management Group LLC purchased a new stake in RTX during the 4th quarter valued at $294,000. WCG Wealth Advisors LLC boosted its stake in shares of RTX by 26.4% in the 4th quarter. WCG Wealth Advisors LLC now owns 14,934 shares of the company’s stock worth $1,728,000 after buying an additional 3,118 shares during the last quarter. Strait & Sound Wealth Management LLC grew its holdings in shares of RTX by 8.6% in the fourth quarter. Strait & Sound Wealth Management LLC now owns 7,024 shares of the company’s stock worth $813,000 after acquiring an additional 559 shares during the period. Finally, Fourth Dimension Wealth LLC purchased a new stake in RTX during the fourth quarter valued at $98,000. 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.