RTX Co. (NYSE:RTX) Receives Consensus Rating of “Hold” from Brokerages

RTX Co. (NYSE:RTX) has been assigned a consensus recommendation of “Hold” from the seventeen research firms that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $98.33.

RTX has been the subject of a number of recent analyst reports. Bank of America raised their target price on RTX from $100.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Citigroup raised their target price on RTX from $95.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Susquehanna raised their target price on RTX from $110.00 to $119.00 and gave the company a “positive” rating in a report on Wednesday, April 24th. Barclays raised their target price on RTX from $90.00 to $100.00 and gave the company an “equal weight” rating in a report on Tuesday, April 30th. Finally, Robert W. Baird lifted their price target on RTX from $94.00 to $105.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th.

RTX Price Performance

Shares of NYSE RTX opened at $105.43 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.07 and a quick ratio of 0.79. The stock has a fifty day moving average price of $100.78 and a 200 day moving average price of $91.12. RTX has a 1-year low of $68.56 and a 1-year high of $107.82. The company has a market cap of $140.17 billion, a PE ratio of 41.35, a P/E/G ratio of 1.85 and a beta of 0.84.

RTX (NYSE:RTX) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.11. RTX had a return on equity of 10.81% and a net margin of 4.90%. The firm had revenue of $19.30 billion during the quarter, compared to the consensus estimate of $18.44 billion. During the same period last year, the company earned $1.22 earnings per share. The company’s revenue for the quarter was up 12.1% on a year-over-year basis. Sell-side analysts forecast that RTX will post 5.4 EPS for the current year.

RTX Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Friday, May 17th will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date of this dividend is Thursday, May 16th. This is a boost from RTX’s previous quarterly dividend of $0.59. RTX’s dividend payout ratio (DPR) is currently 98.82%.

Insider Buying and Selling

In other RTX news, CEO Gregory Hayes sold 89,762 shares of RTX stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $101.44, for a total value of $9,105,457.28. Following the completion of the sale, the chief executive officer now owns 636,759 shares in the company, valued at approximately $64,592,832.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other RTX news, CEO Gregory Hayes sold 89,762 shares of RTX stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $101.44, for a total value of $9,105,457.28. Following the completion of the sale, the chief executive officer now owns 636,759 shares in the company, valued at approximately $64,592,832.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Stephen J. Timm sold 19,880 shares of RTX stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $105.72, for a total value of $2,101,713.60. Following the completion of the sale, the insider now owns 149,050 shares of the company’s stock, valued at approximately $15,757,566. The disclosure for this sale can be found here. In the last quarter, insiders sold 120,042 shares of company stock worth $12,266,459. 0.13% of the stock is owned by corporate insiders.

Institutional Trading of RTX

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RTX. Bear Mountain Capital Inc. purchased a new stake in shares of RTX during the 4th quarter worth about $25,000. Planned Solutions Inc. acquired a new position in RTX during the 4th quarter worth approximately $30,000. Financial Gravity Asset Management Inc. lifted its position in RTX by 352.0% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 443 shares of the company’s stock worth $32,000 after acquiring an additional 345 shares in the last quarter. Valley National Advisers Inc. lifted its position in RTX by 37.4% during the 3rd quarter. Valley National Advisers Inc. now owns 467 shares of the company’s stock worth $34,000 after acquiring an additional 127 shares in the last quarter. Finally, Milestone Investment Advisors LLC acquired a new position in RTX during the 3rd quarter worth approximately $37,000. Hedge funds and other 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.