RTX Co. (NYSE:RTX) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of RTX Co. (NYSE:RTX) have received an average rating of “Moderate Buy” from the sixteen analysts that are presently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $166.40.

Several research analysts have recently weighed in on the stock. Susquehanna upped their price target on shares of RTX from $139.00 to $147.00 and gave the company a “positive” rating in a report on Wednesday, January 29th. Citigroup upgraded shares of RTX from a “neutral” rating to a “buy” rating and increased their target price for the stock from $132.00 to $153.00 in a report on Tuesday, January 21st. Bank of America increased their target price on shares of RTX from $145.00 to $155.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Deutsche Bank Aktiengesellschaft upgraded shares of RTX from a “hold” rating to a “buy” rating and increased their target price for the stock from $131.00 to $140.00 in a report on Thursday, January 2nd. Finally, Robert W. Baird upgraded shares of RTX from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $136.00 to $160.00 in a report on Wednesday.

RTX Stock Up 2.1 %

RTX stock opened at $135.47 on Thursday. The company’s 50 day simple moving average is $126.43 and its 200 day simple moving average is $122.39. RTX has a fifty-two week low of $94.08 and a fifty-two week high of $135.74. The firm has a market capitalization of $180.86 billion, a price-to-earnings ratio of 38.16, a PEG ratio of 2.11 and a beta of 0.78. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74.

RTX (NYSE:RTX) last released its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.19. RTX had a net margin of 5.91% and a return on equity of 12.45%. As a group, sell-side analysts anticipate that RTX will post 6.11 EPS for the current year.

RTX Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 21st will be given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend is Friday, February 21st. RTX’s dividend payout ratio (DPR) is currently 70.99%.

Insider Activity

In other news, insider Troy D. Brunk sold 2,872 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $125.95, for a total value of $361,728.40. Following the transaction, the insider now directly owns 5,272 shares of the company’s stock, valued at $664,008.40. This represents a 35.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Christopher T. Calio sold 27,379 shares of the stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $130.36, for a total transaction of $3,569,126.44. Following the completion of the transaction, the chief executive officer now directly owns 81,508 shares in the company, valued at $10,625,382.88. The trade was a 25.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 79,831 shares of company stock valued at $10,309,302 over the last ninety days. 0.15% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On RTX

A number of hedge funds have recently bought and sold shares of the business. Chancellor Financial Group WB LP bought a new position in RTX during the fourth quarter worth about $286,000. 111 Capital acquired a new stake in RTX during the fourth quarter worth about $1,416,000. Wealth Enhancement Advisory Services LLC grew its stake in RTX by 49.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 985,262 shares of the company’s stock worth $114,014,000 after buying an additional 325,667 shares in the last quarter. NorthCrest Asset Manangement LLC grew its stake in RTX by 2.1% during the fourth quarter. NorthCrest Asset Manangement LLC now owns 217,531 shares of the company’s stock worth $25,173,000 after buying an additional 4,571 shares in the last quarter. Finally, Members Wealth LLC acquired a new stake in RTX during the fourth quarter worth about $205,000. 86.50% of the stock is owned by institutional investors.

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.