Susquehanna Boosts RTX (NYSE:RTX) Price Target to $119.00

RTX (NYSE:RTX) had its price objective lifted by Susquehanna from $110.00 to $119.00 in a research report sent to investors on Wednesday, Benzinga reports. They currently have a positive rating on the stock.

Other analysts have also issued reports about the stock. Barclays lifted their target price on shares of RTX from $75.00 to $90.00 and gave the company an equal weight rating in a research report on Tuesday, January 30th. Royal Bank of Canada boosted their price target on shares of RTX from $82.00 to $88.00 and gave the company a sector perform rating in a research report on Monday, January 22nd. TheStreet upgraded shares of RTX from a c rating to a b- rating in a research report on Tuesday, January 23rd. Wells Fargo & Company restated an overweight rating and issued a $120.00 price target on shares of RTX in a research report on Monday, April 1st. Finally, UBS Group boosted their price target on shares of RTX from $93.00 to $96.00 and gave the company a neutral rating in a research report on Wednesday, January 24th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of Hold and an average target price of $96.27.

RTX Price Performance

Shares of RTX stock opened at $101.40 on Wednesday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.78 and a current ratio of 1.07. The firm’s 50-day simple moving average is $95.57 and its 200-day simple moving average is $87.51. RTX has a twelve month low of $68.56 and a twelve month high of $103.89. The firm has a market cap of $134.81 billion, a P/E ratio of 39.76, a price-to-earnings-growth ratio of 1.84 and a beta of 0.88.

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

RTX Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Friday, February 23rd were paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date of this dividend was Thursday, February 22nd. RTX’s dividend payout ratio (DPR) is 92.55%.

Insider Buying and Selling

In related news, insider Shane G. Eddy sold 35,456 shares of the business’s stock in a transaction that occurred 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 sale, the insider now directly owns 6,741 shares of the company’s stock, valued at $614,711.79. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, CFO Neil G. Mitchill, Jr. sold 1,545 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $92.36, for a total transaction of $142,696.20. Following the completion of the sale, the chief financial officer now directly owns 49,894 shares of the company’s stock, valued at $4,608,209.84. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Shane G. Eddy sold 35,456 shares of the company’s stock in a transaction that occurred 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 sale, the insider now directly owns 6,741 shares of the company’s stock, valued at approximately $614,711.79. The disclosure for this sale can be found here. Insiders sold a total of 37,785 shares of company stock valued at $3,448,188 over the last ninety days. Insiders own 0.13% of the company’s stock.

Institutional Investors Weigh In On RTX

Several large investors have recently bought and sold shares of the company. Vigilare Wealth Management increased its stake in RTX by 9.8% in the first quarter. Vigilare Wealth Management now owns 7,909 shares of the company’s stock valued at $771,000 after purchasing an additional 705 shares in the last quarter. NORTHSTAR ASSET MANAGEMENT Co LLC increased its stake in RTX by 0.9% in the first quarter. NORTHSTAR ASSET MANAGEMENT Co LLC now owns 25,653 shares of the company’s stock valued at $2,502,000 after purchasing an additional 225 shares in the last quarter. Conning Inc. increased its stake in RTX by 3.8% in the first quarter. Conning Inc. now owns 425,674 shares of the company’s stock valued at $41,436,000 after purchasing an additional 15,468 shares in the last quarter. Fonville Wealth Management LLC bought a new stake in RTX in the first quarter valued at approximately $685,000. Finally, Signature Wealth Management Partners LLC increased its stake in RTX by 3.9% in the first quarter. Signature Wealth Management Partners LLC now owns 11,501 shares of the company’s stock valued at $1,122,000 after purchasing an additional 436 shares in the last quarter. 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.