RTX (NYSE:RTX) Price Target Raised to $153.00 at Barclays

RTX (NYSE:RTXFree Report) had its price target upped by Barclays from $130.00 to $153.00 in a research report report published on Tuesday morning,Benzinga reports. They currently have an equal weight rating on the stock.

Several other equities research analysts have also recently commented on RTX. Benchmark raised RTX from a “hold” rating to a “buy” rating and set a $140.00 price target for the company in a research note on Wednesday, May 14th. Bank of America boosted their target price on RTX from $150.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday, July 23rd. Jefferies Financial Group restated a “hold” rating on shares of RTX in a report on Monday, July 21st. Citigroup boosted their target price on RTX from $148.00 to $182.00 and gave the stock a “buy” rating in a report on Monday, July 14th. Finally, DZ Bank upgraded RTX from a “sell” rating to a “hold” rating and set a $129.00 target price for the company in a report on Friday, April 25th. Six analysts have rated the stock with a hold rating, fourteen have given a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $157.13.

Read Our Latest Analysis on RTX

RTX Trading Up 0.6%

NYSE:RTX opened at $156.95 on Tuesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.01 and a quick ratio of 0.75. RTX has a fifty-two week low of $112.27 and a fifty-two week high of $158.79. The stock’s 50-day moving average is $144.25 and its two-hundred day moving average is $133.50. The stock has a market cap of $210.08 billion, a PE ratio of 34.49, a price-to-earnings-growth ratio of 2.87 and a beta of 0.64.

RTX (NYSE:RTXGet Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The company reported $1.56 EPS for the quarter, beating the consensus estimate of $1.45 by $0.11. The business had revenue of $21.58 billion during the quarter, compared to analysts’ expectations of $20.68 billion. RTX had a return on equity of 12.89% and a net margin of 7.35%. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.41 EPS. As a group, equities research analysts forecast that RTX will post 6.11 earnings per share for the current fiscal year.

RTX Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Friday, August 15th will be issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 1.73%. RTX’s payout ratio is presently 59.78%.

Insider Transactions at RTX

In related news, VP Amy L. Johnson sold 4,146 shares of the firm’s stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $127.54, for a total value of $528,780.84. Following the transaction, the vice president owned 9,546 shares in the company, valued at $1,217,496.84. This trade represents a 30.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ramsaran Maharajh sold 1,462 shares of the firm’s stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $152.26, for a total value of $222,604.12. Following the completion of the transaction, the executive vice president owned 13,184 shares in the company, valued at approximately $2,007,395.84. This represents a 9.98% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 31,234 shares of company stock worth $4,439,755 in the last ninety days. 0.15% of the stock is currently owned by insiders.

Hedge Funds Weigh In On RTX

Hedge funds have recently added to or reduced their stakes in the stock. PFS Partners LLC lifted its stake in RTX by 101.1% in the second quarter. PFS Partners LLC now owns 177 shares of the company’s stock valued at $26,000 after buying an additional 89 shares during the period. MorganRosel Wealth Management LLC acquired a new position in RTX in the first quarter valued at about $26,000. 10Elms LLP acquired a new position in RTX in the fourth quarter valued at about $29,000. Greenline Partners LLC acquired a new position in RTX in the fourth quarter valued at about $34,000. Finally, Summit Securities Group LLC acquired a new position in RTX in the first quarter valued at about $40,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Company Profile

(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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