RTX Co. (NYSE:RTX) Plans Quarterly Dividend of $0.63

RTX Co. (NYSE:RTX) announced a quarterly dividend on Monday, February 3rd,Wall Street Journal reports. Investors of record on Friday, February 21st will be paid a dividend of 0.63 per share on Thursday, March 20th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date is Friday, February 21st.

RTX has raised its dividend payment by an average of 7.3% per year over the last three years. RTX has a payout ratio of 36.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect RTX to earn $6.79 per share next year, which means the company should continue to be able to cover its $2.52 annual dividend with an expected future payout ratio of 37.1%.

RTX Stock Up 0.8 %

NYSE RTX traded up $1.08 during trading hours on Monday, reaching $130.03. 3,533,905 shares of the company traded hands, compared to its average volume of 4,610,585. The company has a 50 day moving average of $119.14 and a two-hundred day moving average of $119.40. The stock has a market capitalization of $173.07 billion, a PE ratio of 36.63, a PEG ratio of 2.17 and a beta of 0.81. RTX has a 12 month low of $88.90 and a 12 month high of $132.43. The company has a current ratio of 0.99, a quick ratio of 0.74 and a debt-to-equity ratio of 0.63.

RTX (NYSE:RTX) last posted 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%. As a group, equities analysts expect that RTX will post 6.12 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Royal Bank of Canada upped their price target on RTX from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday, January 29th. UBS Group raised their price target on shares of RTX from $128.00 to $142.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Citigroup raised shares of RTX from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $132.00 to $153.00 in a research report on Tuesday, January 21st. Bank of America raised their target price on shares of RTX from $145.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Vertical Research raised RTX to a “strong-buy” rating in a report on Tuesday, January 28th. Six investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $163.07.

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.