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

RTX Co. (NYSE:RTX) has been assigned an average recommendation of “Hold” from the fourteen ratings firms that are presently covering the stock, MarketBeat reports. Nine analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $177.27.

Several analysts recently commented on the stock. Susquehanna upped their price target on shares of RTX from $140.00 to $150.00 and gave the company a “positive” rating in a research report on Wednesday, October 23rd. TD Cowen raised shares of RTX to a “strong-buy” rating in a research note on Tuesday, October 8th. The Goldman Sachs Group upped their price target on RTX from $94.00 to $104.00 and gave the stock a “neutral” rating in a research note on Monday, July 29th. Barclays upped their price target on shares of RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 29th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of RTX from a “sell” rating to a “hold” rating and upped their target price for the company from $109.00 to $129.00 in a research note on Thursday, October 3rd.

RTX Stock Down 3.9 %

Shares of NYSE RTX opened at $118.92 on Friday. The company’s 50-day simple moving average is $122.20 and its 200-day simple moving average is $113.28. RTX has a 52-week low of $78.00 and a 52-week high of $128.70. The firm has a market cap of $158.28 billion, a price-to-earnings ratio of 33.98, a price-to-earnings-growth ratio of 2.18 and a beta of 0.82. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 0.62.

RTX (NYSE:RTX) last issued its earnings results on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.11. The company had revenue of $20.09 billion for the quarter, compared to the consensus estimate of $19.84 billion. RTX had a net margin of 5.97% and a return on equity of 11.96%. RTX’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.25 earnings per share. Equities analysts predict that RTX will post 5.56 EPS for the current fiscal year.

RTX Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Friday, November 15th will be paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 2.12%. The ex-dividend date is Friday, November 15th. RTX’s dividend payout ratio is presently 72.00%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in RTX. Briaud Financial Planning Inc increased its stake in shares of RTX by 64.1% in the second quarter. Briaud Financial Planning Inc now owns 256 shares of the company’s stock worth $25,000 after purchasing an additional 100 shares in the last quarter. Lynx Investment Advisory purchased a new position in shares of RTX in the second quarter worth about $26,000. MidAtlantic Capital Management Inc. purchased a new position in RTX during the third quarter valued at approximately $29,000. Mizuho Securities Co. Ltd. bought a new stake in RTX during the 2nd quarter worth approximately $32,000. Finally, Fairfield Financial Advisors LTD bought a new stake in RTX during the 2nd quarter worth approximately $41,000. 86.50% of the stock is owned by institutional investors.

About RTX

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.