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

Shares of RTX Co. (NYSE:RTX) have been given an average rating of “Hold” by the seventeen brokerages that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $98.33.

RTX has been the topic of several research analyst reports. Citigroup raised their price objective on RTX from $95.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Susquehanna lifted their price target on RTX from $110.00 to $119.00 and gave the company a “positive” rating in a research note on Wednesday, April 24th. StockNews.com raised RTX from a “hold” rating to a “buy” rating in a research note on Monday, July 15th. Bank of America lifted their price target on RTX from $100.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Finally, UBS Group lifted their price target on RTX from $103.00 to $105.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th.

RTX Stock Performance

Shares of RTX stock opened at $102.81 on Friday. The company has a market capitalization of $136.69 billion, a PE ratio of 40.32, a PEG ratio of 1.87 and a beta of 0.82. RTX has a 12 month low of $68.56 and a 12 month high of $108.65. The company has a current ratio of 1.07, a quick ratio of 0.79 and a debt-to-equity ratio of 0.68. The stock’s fifty day simple moving average is $104.15 and its 200 day simple moving average is $97.43.

RTX (NYSE:RTX) 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 business had revenue of $19.30 billion for 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 firm’s revenue was up 12.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.22 EPS. On average, research analysts predict that RTX will post 5.4 EPS for the current year.

RTX Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Friday, August 16th will be issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date of this dividend is Friday, August 16th. RTX’s payout ratio is currently 98.82%.

Insider Buying and Selling

In related news, insider Stephen J. Timm sold 19,880 shares of RTX stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $105.72, for a total transaction of $2,101,713.60. Following the completion of the transaction, the insider now owns 149,050 shares in the company, valued at $15,757,566. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Robert Kelly Ortberg sold 10,295 shares of the business’s stock in a transaction that occurred 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 sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Stephen J. Timm sold 19,880 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $105.72, for a total value of $2,101,713.60. Following 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. Over the last 90 days, insiders sold 119,937 shares of company stock worth $12,256,952. Company insiders own 0.13% of the company’s stock.

Institutional Investors Weigh In On RTX

Institutional investors have recently made changes to their positions in the company. Lynx Investment Advisory bought a new stake in shares of RTX during the second quarter worth approximately $26,000. Bear Mountain Capital Inc. bought a new stake in shares of RTX in the fourth quarter valued at approximately $25,000. Planned Solutions Inc. bought a new stake in shares of RTX in the fourth quarter valued at approximately $30,000. Alaska Permanent Fund Corp bought a new stake in shares of RTX in the first quarter valued at approximately $42,000. Finally, Tennessee Valley Asset Management Partners bought a new stake in shares of RTX in the fourth quarter valued at approximately $38,000. 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.