RTX Co. (NYSE:RTX) Given Average Recommendation of “Hold” by Brokerages

RTX Co. (NYSE:RTX) has earned an average rating of “Hold” from the seventeen brokerages that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $96.27.

Several research firms have recently weighed in on RTX. UBS Group boosted their target price on shares of RTX from $103.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. TheStreet raised shares of RTX from a “c” rating to a “b-” rating in a research report on Tuesday, January 23rd. Citigroup boosted their price objective on shares of RTX from $95.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Susquehanna boosted their price objective on shares of RTX from $110.00 to $119.00 and gave the company a “positive” rating in a research report on Wednesday, April 24th. Finally, Robert W. Baird boosted their price objective on shares of RTX from $94.00 to $105.00 and gave the company a “neutral” rating in a research report on Monday, April 8th.

Insider Buying and Selling at RTX

In other RTX news, COO Christopher T. Calio sold 367 shares of the business’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $92.63, for a total transaction of $33,995.21. Following the completion of the transaction, the chief operating officer now directly owns 56,707 shares of the company’s stock, valued at approximately $5,252,769.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, COO Christopher T. Calio sold 367 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $92.63, for a total value of $33,995.21. Following the completion of the sale, the chief operating officer now directly owns 56,707 shares of the company’s stock, valued at approximately $5,252,769.41. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Shane G. Eddy sold 35,456 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The stock was 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 disclosure for this sale can be found here. Insiders sold 37,785 shares of company stock valued at $3,448,188 in the last ninety days. Company insiders own 0.13% of the company’s stock.

Institutional Trading of RTX

A number of institutional investors have recently made changes to their positions in the stock. Vigilare Wealth Management lifted its stake in shares of RTX by 9.8% in the 1st quarter. Vigilare Wealth Management now owns 7,909 shares of the company’s stock worth $771,000 after acquiring an additional 705 shares during the period. NORTHSTAR ASSET MANAGEMENT Co LLC lifted its stake in RTX by 0.9% during 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 during the last quarter. Conning Inc. lifted its stake in RTX by 3.8% during 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 during the last quarter. Fonville Wealth Management LLC acquired a new stake in RTX during the first quarter valued at approximately $685,000. Finally, Signature Wealth Management Partners LLC lifted its stake in RTX by 3.9% during 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 during the last quarter. 86.50% of the stock is owned by institutional investors and hedge funds.

RTX Stock Performance

RTX stock opened at $101.41 on Monday. The firm’s fifty day moving average price is $95.57 and its 200 day moving average price is $87.71. The company has a market capitalization of $134.83 billion, a price-to-earnings ratio of 39.77, a price-to-earnings-growth ratio of 1.84 and a beta of 0.88. RTX has a 12-month low of $68.56 and a 12-month high of $103.89. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.07 and a quick ratio of 0.78.

RTX (NYSE:RTX) last released its 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. The company had revenue of $19.30 billion during the quarter, compared to the consensus estimate of $18.44 billion. RTX had a net margin of 4.90% and a return on equity of 10.81%. The company’s revenue was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.22 EPS. On average, research analysts forecast that RTX will post 5.39 EPS for the current fiscal year.

RTX Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Shareholders 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 yield of 2.33%. The ex-dividend date of this dividend was Thursday, February 22nd. RTX’s payout ratio is 92.55%.

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.