RTX Co. (NYSE:RTX) Receives $163.07 Consensus PT from Analysts

RTX Co. (NYSE:RTX) has earned a consensus recommendation of “Moderate Buy” from the sixteen brokerages that are currently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $163.40.

A number of equities research analysts have weighed in on the stock. Citigroup raised shares of RTX from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $132.00 to $153.00 in a report on Tuesday, January 21st. Wells Fargo & Company boosted their price objective on shares of RTX from $151.00 to $156.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Morgan Stanley raised their target price on RTX from $130.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 29th. UBS Group upgraded RTX from a “neutral” rating to a “buy” rating and upped their price target for the company from $142.00 to $147.00 in a research report on Monday. Finally, StockNews.com downgraded RTX from a “buy” rating to a “hold” rating in a research report on Friday, February 14th.

Insiders Place Their Bets

In related news, EVP Dantaya M. Williams sold 14,031 shares of the stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $129.23, for a total value of $1,813,226.13. Following the transaction, the executive vice president now directly owns 44,415 shares in the company, valued at $5,739,750.45. This trade represents a 24.01 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Troy D. Brunk sold 2,872 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $125.95, for a total transaction of $361,728.40. Following the transaction, the insider now owns 5,272 shares in the company, valued at approximately $664,008.40. The trade was a 35.27 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 36,334 shares of company stock worth $4,639,194. 0.13% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On RTX

Institutional investors and hedge funds have recently made changes to their positions in the business. MidAtlantic Capital Management Inc. purchased a new stake in shares of RTX in the third quarter worth approximately $29,000. 10Elms LLP bought a new stake in RTX during the fourth quarter worth $29,000. Fairway Wealth LLC purchased a new stake in RTX in the 4th quarter valued at $31,000. Picton Mahoney Asset Management lifted its stake in RTX by 2,944.4% during the 4th quarter. Picton Mahoney Asset Management now owns 274 shares of the company’s stock valued at $31,000 after acquiring an additional 265 shares in the last quarter. Finally, Greenline Partners LLC purchased a new position in RTX during the 4th quarter worth $34,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Stock Up 2.5 %

Shares of RTX opened at $130.49 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 0.99. RTX has a 52 week low of $88.95 and a 52 week high of $132.43. The stock has a market capitalization of $173.83 billion, a price-to-earnings ratio of 36.76, a PEG ratio of 2.11 and a beta of 0.82. The stock has a fifty day moving average of $122.39 and a 200-day moving average of $121.24.

RTX (NYSE:RTX) last posted its earnings results 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 return on equity of 12.45% and a net margin of 5.91%. As a group, sell-side analysts anticipate that RTX will post 6.11 earnings per share for the current fiscal year.

RTX Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Friday, February 21st will be paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.93%. The ex-dividend date is Friday, February 21st. RTX’s dividend payout ratio is presently 70.99%.

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.