RTX (NYSE:RTX) Stock Price Down 0.2% – Here’s What Happened

RTX Co. (NYSE:RTX)’s share price fell 0.2% on Thursday . The company traded as low as $125.90 and last traded at $125.96. 445,603 shares traded hands during trading, a decline of 93% from the average session volume of 6,798,514 shares. The stock had previously closed at $126.22.

Analysts Set New Price Targets

Several research analysts have commented on the company. StockNews.com raised RTX from a “hold” rating to a “buy” rating in a research report on Friday, September 6th. Susquehanna boosted their price target on RTX from $119.00 to $140.00 and gave the stock a “positive” rating in a research report on Friday, July 26th. TD Cowen upgraded shares of RTX to a “strong-buy” rating in a research note on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft upgraded shares of RTX from a “sell” rating to a “hold” rating and upped their target price for the company from $109.00 to $129.00 in a research note on Thursday, October 3rd. Finally, JPMorgan Chase & Co. lifted their price target on shares of RTX from $110.00 to $130.00 and gave the stock an “overweight” rating in a research note on Monday, July 29th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $162.50.

RTX Stock Performance

The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.73 and a current ratio of 0.99. The stock has a market capitalization of $167.41 billion, a P/E ratio of 49.38, a P/E/G ratio of 2.21 and a beta of 0.82. The stock has a 50 day moving average of $120.91 and a 200 day moving average of $110.38.

RTX (NYSE:RTX) last released its earnings results on Thursday, July 25th. The company reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.11. The business had revenue of $19.72 billion during the quarter, compared to analysts’ expectations of $19.29 billion. RTX had a net margin of 3.12% and a return on equity of 11.37%. The firm’s revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the company earned $1.29 earnings per share. Equities analysts predict that RTX Co. will post 5.45 EPS for the current year.

RTX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Friday, November 15th will be paid a $0.63 dividend. The ex-dividend date is Friday, November 15th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.00%. RTX’s payout ratio is 98.82%.

Insiders Place Their Bets

In other news, insider Shane G. Eddy sold 6,741 shares of the firm’s stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 value of $938,763.36. Following the sale, the vice president now directly owns 45,208 shares in the company, valued at $5,197,111.68. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Shane G. Eddy sold 6,741 shares of the stock in a transaction on Friday, July 26th. The stock was sold at an average price of $114.76, for a total value of $773,597.16. The disclosure for this sale can be found here. Insiders have sold 178,333 shares of company stock worth $20,861,880 over the last 90 days. Corporate insiders own 0.13% of the company’s stock.

Institutional Investors Weigh In On RTX

Several large investors have recently made changes to their positions in RTX. Alaska Permanent Fund Corp bought a new position in shares of RTX in the first quarter valued at approximately $42,000. Park Avenue Securities LLC raised its position in RTX by 33.4% in the 1st quarter. Park Avenue Securities LLC now owns 39,889 shares of the company’s stock valued at $3,890,000 after purchasing an additional 9,991 shares during the last quarter. RFG Advisory LLC boosted its stake in RTX by 96.1% in the first quarter. RFG Advisory LLC now owns 40,354 shares of the company’s stock worth $3,936,000 after purchasing an additional 19,779 shares in the last quarter. &PARTNERS grew its holdings in shares of RTX by 64.7% during the first quarter. &PARTNERS now owns 5,991 shares of the company’s stock worth $584,000 after purchasing an additional 2,353 shares during the last quarter. Finally, Douglas Lane & Associates LLC increased its stake in shares of RTX by 59.6% in the first quarter. Douglas Lane & Associates LLC now owns 366,021 shares of the company’s stock valued at $35,698,000 after buying an additional 136,711 shares in the last quarter. Institutional investors own 86.50% of the company’s stock.

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.