RTX Co. (NYSE:RTX) Given Average Rating of “Hold” by Brokerages

RTX Co. (NYSE:RTXGet Free Report) has been given a consensus recommendation of “Hold” by the seventeen research firms that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $98.33.

A number of equities analysts recently issued reports on the company. UBS Group raised their target price on RTX from $103.00 to $105.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. TD Cowen lifted their target price on RTX from $106.00 to $115.00 and gave the stock an “outperform” rating in a report on Tuesday, March 19th. Susquehanna increased their price target on shares of RTX from $110.00 to $119.00 and gave the stock a “positive” rating in a report on Wednesday, April 24th. Robert W. Baird lifted their price objective on shares of RTX from $94.00 to $105.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Finally, Wells Fargo & Company increased their price objective on shares of RTX from $119.00 to $141.00 and gave the stock an “overweight” rating in a research note on Friday, May 17th.

Get Our Latest Analysis on RTX

Insiders Place Their Bets

In other news, insider Stephen J. Timm sold 19,880 shares of RTX stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $105.72, for a total value of $2,101,713.60. Following the sale, the insider now owns 149,050 shares in the company, valued at $15,757,566. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, insider Stephen J. Timm sold 19,880 shares of the firm’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $105.72, for a total value of $2,101,713.60. Following the transaction, the insider now directly owns 149,050 shares of the company’s stock, valued at approximately $15,757,566. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Robert Kelly Ortberg sold 10,295 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $101.97, for a total value of $1,049,781.15. Following the sale, the director now owns 129,120 shares of the company’s stock, valued at $13,166,366.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 119,937 shares of company stock worth $12,256,952. Company insiders own 0.13% of the company’s stock.

Institutional Investors Weigh In On RTX

A number of large investors have recently modified their holdings of the business. Cary Street Partners Investment Advisory LLC raised its holdings in RTX by 26.0% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 140,022 shares of the company’s stock valued at $10,077,000 after acquiring an additional 28,910 shares during the last quarter. RFG Advisory LLC increased its holdings in shares of RTX by 96.1% in the first quarter. RFG Advisory LLC now owns 40,354 shares of the company’s stock valued at $3,936,000 after purchasing an additional 19,779 shares during the last quarter. TCW Group Inc. purchased a new position in RTX during the fourth quarter worth approximately $1,912,000. Robinson Smith Wealth Advisors LLC acquired a new position in RTX during the fourth quarter worth $672,000. Finally, Mather Group LLC. grew its holdings in RTX by 8.5% in the 4th quarter. Mather Group LLC. now owns 13,703 shares of the company’s stock valued at $1,153,000 after buying an additional 1,079 shares in the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Price Performance

Shares of RTX stock opened at $101.91 on Tuesday. RTX has a fifty-two week low of $68.56 and a fifty-two week high of $108.65. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.79 and a current ratio of 1.07. The firm has a market capitalization of $135.49 billion, a price-to-earnings ratio of 39.96, a PEG ratio of 1.84 and a beta of 0.83. The stock’s 50-day simple moving average is $104.42 and its 200-day simple moving average is $95.12.

RTX (NYSE:RTXGet Free Report) last released its earnings results on Tuesday, April 23rd. The company reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.11. The company had revenue of $19.30 billion for the quarter, compared to the consensus estimate of $18.44 billion. RTX had a net margin of 4.90% and a return on equity of 10.81%. RTX’s revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.22 EPS. As a group, equities analysts forecast that RTX will post 5.39 earnings per share for the current fiscal year.

RTX Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Friday, August 16th will be paid a $0.63 dividend. The ex-dividend date is Friday, August 16th. This represents a $2.52 dividend on an annualized basis and a yield of 2.47%. RTX’s dividend payout ratio is currently 98.82%.

About RTX

(Get Free Report

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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Analyst Recommendations for RTX (NYSE:RTX)

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