Analysts Set RTX Co. (NYSE:RTX) PT at $96.27

Shares of RTX Co. (NYSE:RTX) have received a consensus recommendation of “Hold” from the seventeen research firms that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $96.93.

Several analysts recently commented on the stock. Bank of America raised their price target on shares of RTX from $100.00 to $110.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Susquehanna boosted their price target on shares of RTX from $110.00 to $119.00 and gave the company a “positive” rating in a report on Wednesday, April 24th. Citigroup increased their price objective on RTX from $95.00 to $110.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. TD Cowen boosted their target price on RTX from $106.00 to $115.00 and gave the company an “outperform” rating in a research note on Tuesday, March 19th. Finally, UBS Group upped their target price on RTX from $103.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th.

RTX Trading Down 0.5 %

NYSE RTX opened at $101.39 on Monday. The firm’s 50 day moving average price is $96.48 and its two-hundred day moving average price is $88.30. The stock has a market cap of $134.80 billion, a price-to-earnings ratio of 39.76, a PEG ratio of 1.82 and a beta of 0.84. RTX has a twelve month low of $68.56 and a twelve month high of $103.89. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.79 and a current ratio of 1.07.

RTX (NYSE:RTX) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.11. RTX had a return on equity of 10.81% and a net margin of 4.90%. The business had revenue of $19.30 billion for the quarter, compared to the consensus estimate of $18.44 billion. During the same quarter in the previous year, the company posted $1.22 earnings per share. RTX’s revenue for the quarter was up 12.1% compared to the same quarter last year. Equities analysts anticipate that RTX will post 5.4 EPS for the current year.

RTX Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Friday, May 17th will be issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 2.49%. This is a boost from RTX’s previous quarterly dividend of $0.59. The ex-dividend date is Thursday, May 16th. RTX’s dividend payout ratio is 92.55%.

Insider Transactions at RTX

In related news, insider Shane G. Eddy sold 35,456 shares of the stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $91.19, for a total transaction of $3,233,232.64. Following the completion of the sale, the insider now owns 6,741 shares in the company, valued at approximately $614,711.79. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider Shane G. Eddy sold 35,456 shares of the company’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $91.19, for a total transaction of $3,233,232.64. Following the completion of the transaction, the insider now directly owns 6,741 shares in the company, valued at approximately $614,711.79. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robert Kelly Ortberg sold 10,295 shares of the firm’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $101.97, for a total transaction of $1,049,781.15. Following the completion of the sale, the director now owns 129,120 shares in the company, valued at $13,166,366.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 137,842 shares of company stock worth $13,603,426. Company insiders own 0.13% of the company’s stock.

Institutional Trading of RTX

Hedge funds have recently modified their holdings of the company. Gold Investment Management Ltd. boosted its stake in RTX by 3.5% during the first quarter. Gold Investment Management Ltd. now owns 3,045 shares of the company’s stock worth $297,000 after buying an additional 103 shares in the last quarter. Insight Inv LLC lifted its holdings in shares of RTX by 0.6% during the 1st quarter. Insight Inv LLC now owns 17,299 shares of the company’s stock worth $1,687,000 after acquiring an additional 105 shares during the period. Bruce G. Allen Investments LLC boosted its position in shares of RTX by 7.9% during the 1st quarter. Bruce G. Allen Investments LLC now owns 1,441 shares of the company’s stock valued at $141,000 after acquiring an additional 106 shares in the last quarter. Jacobsen Capital Management raised its position in RTX by 3.0% in the fourth quarter. Jacobsen Capital Management now owns 3,890 shares of the company’s stock worth $327,000 after purchasing an additional 114 shares in the last quarter. Finally, TRUE Private Wealth Advisors lifted its stake in RTX by 1.2% during the first quarter. TRUE Private Wealth Advisors now owns 9,952 shares of the company’s stock worth $971,000 after purchasing an additional 117 shares during the period. Institutional investors own 86.50% of the company’s stock.

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.