RTX (NYSE:RTX) Stock Price Down 0.2%

RTX Co. (NYSE:RTX) fell 0.2% on Monday . The stock traded as low as $118.79 and last traded at $118.87. 789,248 shares traded hands during trading, a decline of 89% from the average session volume of 6,984,249 shares. The stock had previously closed at $119.12.

Analyst Ratings Changes

Several analysts have recently issued reports on RTX shares. Melius Research upped their price objective on RTX from $490.00 to $493.00 in a report on Wednesday, July 24th. Robert W. Baird increased their price objective on shares of RTX from $105.00 to $115.00 and gave the company a “neutral” rating in a research report on Friday, July 26th. Wells Fargo & Company reduced their target price on shares of RTX from $491.00 to $467.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. Royal Bank of Canada upped their price objective on RTX from $102.00 to $115.00 and gave the company a “sector perform” rating in a research report on Friday, July 26th. Finally, TD Cowen raised their target price on shares of RTX from $115.00 to $142.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, RTX presently has an average rating of “Hold” and a consensus price target of $157.31.

RTX Trading Up 0.2 %

The firm has a market capitalization of $158.82 billion, a P/E ratio of 46.62, a price-to-earnings-growth ratio of 2.11 and a beta of 0.82. The stock has a 50-day simple moving average of $114.11 and a two-hundred day simple moving average of $105.47. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.66.

RTX (NYSE:RTX) last released its quarterly earnings data on Thursday, July 25th. The company reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.11. The company had revenue of $19.72 billion during the quarter, compared to analyst estimates of $19.29 billion. RTX had a net margin of 3.12% and a return on equity of 11.37%. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.29 earnings per share. On average, equities research analysts anticipate that RTX Co. will post 5.45 earnings per share for the current year.

Insider Activity

In other RTX news, VP Kevin G. Dasilva sold 8,166 shares of the company’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $114.96, for a total transaction of $938,763.36. Following the completion of the sale, the vice president now owns 45,208 shares in the company, valued at $5,197,111.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, insider Shane G. Eddy sold 6,741 shares of the stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $114.76, for a total transaction of $773,597.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Kevin G. Dasilva sold 8,166 shares of RTX stock in a transaction on Friday, July 26th. The stock was sold at an average price of $114.96, for a total transaction of $938,763.36. Following the completion of the transaction, the vice president now directly owns 45,208 shares in the company, valued at $5,197,111.68. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 178,333 shares of company stock worth $20,861,880. Corporate insiders own 0.13% of the company’s stock.

Institutional Trading of RTX

Hedge funds and other institutional investors have recently made changes to their positions in the business. Capital Research Global Investors raised its stake in RTX by 23.7% in the fourth quarter. Capital Research Global Investors now owns 90,430,489 shares of the company’s stock valued at $7,608,822,000 after buying an additional 17,351,313 shares during the last quarter. Capital International Investors boosted its stake in RTX by 20.6% in the 4th quarter. Capital International Investors now owns 65,233,410 shares of the company’s stock worth $5,488,752,000 after purchasing an additional 11,163,222 shares in the last quarter. Norges Bank purchased a new stake in RTX during the 4th quarter worth approximately $690,154,000. Marshall Wace LLP increased its stake in RTX by 1,247.1% during the 2nd quarter. Marshall Wace LLP now owns 2,053,706 shares of the company’s stock valued at $206,172,000 after purchasing an additional 1,901,256 shares in the last quarter. Finally, Focused Investors Fund L P purchased a new position in shares of RTX in the first quarter worth $80,594,000. Hedge funds and other 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.