RTX (NYSE:RTX) Stock Price Down 1.1% – Time to Sell?

Shares of RTX Co. (NYSE:RTX) traded down 1.1% on Thursday . The company traded as low as $130.56 and last traded at $131.71. 1,097,759 shares were traded during trading, a decline of 80% from the average session volume of 5,598,266 shares. The stock had previously closed at $133.15.

Wall Street Analysts Forecast Growth

RTX has been the subject of a number of research reports. Citigroup raised RTX from a “neutral” rating to a “buy” rating and raised their price objective for the company from $132.00 to $153.00 in a research note on Tuesday, January 21st. Bank of America upped their price objective on shares of RTX from $145.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Susquehanna lifted their price objective on shares of RTX from $139.00 to $147.00 and gave the company a “positive” rating in a report on Wednesday, January 29th. Morgan Stanley raised their price target on shares of RTX from $130.00 to $135.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 29th. Finally, Vertical Research raised RTX to a “strong-buy” rating in a report on Tuesday, January 28th. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, RTX currently has a consensus rating of “Moderate Buy” and a consensus target price of $166.40.

RTX Stock Down 9.8 %

The company has a current ratio of 0.99, a quick ratio of 0.74 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $156.78 billion, a P/E ratio of 33.08, a P/E/G ratio of 2.11 and a beta of 0.58. The stock’s 50-day moving average price is $129.05 and its two-hundred day moving average price is $123.35.

RTX (NYSE:RTX) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 EPS for the quarter, beating the consensus estimate 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 fiscal year.

RTX Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 21st were paid a $0.63 dividend. The ex-dividend date of this dividend was Friday, February 21st. This represents a $2.52 dividend on an annualized basis and a yield of 2.15%. RTX’s dividend payout ratio is currently 70.99%.

Insider Activity

In other RTX news, insider Troy D. Brunk sold 2,872 shares of RTX stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $125.95, for a total transaction of $361,728.40. Following the completion of the sale, the insider now owns 5,272 shares of the company’s stock, valued at $664,008.40. The trade was a 35.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Christopher T. Calio sold 27,379 shares of the stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $130.36, for a total value of $3,569,126.44. Following the transaction, the chief executive officer now owns 81,508 shares in the company, valued at $10,625,382.88. This trade represents a 25.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 79,831 shares of company stock worth $10,309,302. 0.15% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Farmers Trust Co. grew its holdings in shares of RTX by 10.9% during the 1st quarter. Farmers Trust Co. now owns 5,088 shares of the company’s stock valued at $674,000 after purchasing an additional 500 shares during the last quarter. Moody National Bank Trust Division grew its stake in shares of RTX by 3.4% during the first quarter. Moody National Bank Trust Division now owns 15,290 shares of the company’s stock valued at $2,025,000 after buying an additional 509 shares during the last quarter. Agate Pass Investment Management LLC increased its holdings in shares of RTX by 11.5% in the first quarter. Agate Pass Investment Management LLC now owns 23,267 shares of the company’s stock worth $3,082,000 after buying an additional 2,400 shares during the period. Baring Financial LLC bought a new stake in shares of RTX in the 1st quarter valued at about $209,000. Finally, Legacy Private Trust Co. boosted its holdings in RTX by 91.2% during the 1st quarter. Legacy Private Trust Co. now owns 6,498 shares of the company’s stock valued at $861,000 after acquiring an additional 3,100 shares during the period. 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.