Analysts Set RTX Co. (NYSE:RTX) Target Price at $98.33

Shares of RTX Co. (NYSE:RTXGet Free Report) have been assigned a consensus rating of “Hold” from the seventeen research firms that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $98.33.

RTX has been the subject of a number of research analyst reports. Susquehanna increased their price target on RTX from $110.00 to $119.00 and gave the company a “positive” rating in a research report on Wednesday, April 24th. Citigroup increased their price target on RTX from $95.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Robert W. Baird increased their price target on RTX from $94.00 to $105.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Wells Fargo & Company raised their target price on RTX from $119.00 to $141.00 and gave the stock an “overweight” rating in a research report on Friday, May 17th. Finally, UBS Group raised 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.

Check Out Our Latest Analysis on RTX

Insider Activity at RTX

In related news, CEO Gregory Hayes sold 89,762 shares of RTX stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $101.44, for a total transaction of $9,105,457.28. Following the completion of the sale, the chief executive officer now owns 636,759 shares of the company’s stock, valued at $64,592,832.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Gregory Hayes sold 89,762 shares of RTX stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $101.44, for a total transaction of $9,105,457.28. Following the completion of the sale, the chief executive officer now owns 636,759 shares of the company’s stock, valued at $64,592,832.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robert Kelly Ortberg sold 10,295 shares of RTX stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $101.97, for a total value of $1,049,781.15. Following the sale, the director now directly owns 129,120 shares of the company’s stock, valued at approximately $13,166,366.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 120,042 shares of company stock valued at $12,266,459. Company insiders own 0.13% of the company’s stock.

Institutional Investors Weigh In On RTX

Large investors have recently added to or reduced their stakes in the company. Motco grew its stake in shares of RTX by 7.2% in the 1st quarter. Motco now owns 1,475 shares of the company’s stock valued at $144,000 after buying an additional 99 shares during the period. Gold Investment Management Ltd. lifted its holdings in RTX by 3.5% during the 1st 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 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 buying an additional 105 shares in the last quarter. Bruce G. Allen Investments LLC raised its holdings in shares of RTX by 7.9% in the 1st quarter. Bruce G. Allen Investments LLC now owns 1,441 shares of the company’s stock valued at $141,000 after purchasing an additional 106 shares in the last quarter. Finally, Jacobsen Capital Management raised its holdings in shares of RTX by 3.0% in the 4th quarter. Jacobsen Capital Management now owns 3,890 shares of the company’s stock valued at $327,000 after purchasing an additional 114 shares in the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Stock Performance

Shares of RTX stock opened at $105.52 on Friday. The company has a market cap of $140.29 billion, a PE ratio of 41.38, a price-to-earnings-growth ratio of 1.86 and a beta of 0.84. RTX has a 52 week low of $68.56 and a 52 week high of $107.82. The business has a 50 day moving average price of $101.51 and a 200-day moving average price of $91.74. The company has a quick ratio of 0.79, a current ratio of 1.07 and a debt-to-equity ratio of 0.68.

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

RTX Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Friday, May 17th will be paid a dividend of $0.63 per share. This is a positive change from RTX’s previous quarterly dividend of $0.59. The ex-dividend date is Thursday, May 16th. This represents a $2.52 annualized dividend and a yield of 2.39%. RTX’s dividend payout ratio (DPR) 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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