RTX (NYSE:RTX) Price Target Raised to $100.00

RTX (NYSE:RTX - Free Report) had its price objective raised by Barclays from $90.00 to $100.00 in a research report report published on Tuesday morning, Benzinga reports. The firm currently has an equal weight rating on the stock.

RTX has been the subject of a number of other reports. UBS Group upped their target price on shares of RTX from $103.00 to $105.00 and gave the company a neutral rating in a report on Wednesday, April 24th. TD Cowen lifted their target price on RTX from $106.00 to $115.00 and gave the company an outperform rating in a research note on Tuesday, March 19th. TheStreet upgraded RTX from a c rating to a b- rating in a research note on Tuesday, January 23rd. Citigroup increased their price target on RTX from $95.00 to $110.00 and gave the stock a neutral rating in a report on Wednesday, April 24th. Finally, Wells Fargo & Company reissued an overweight rating and issued a $120.00 price objective on shares of RTX in a research note on Monday, April 1st. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of Hold and an average price target of $96.93.

RTX Stock Performance

RTX traded down $0.91 on Tuesday, reaching $101.53. The company had a trading volume of 5,421,537 shares, compared to its average volume of 8,106,685. The stock has a 50-day moving average price of $95.80 and a 200-day moving average price of $87.92. The stock has a market capitalization of $134.98 billion, a PE ratio of 39.81, a P/E/G ratio of 1.83 and a beta of 0.88. RTX has a 1 year low of $68.56 and a 1 year high of $103.89. The company has a quick ratio of 0.79, a current ratio of 1.07 and a debt-to-equity ratio of 0.68.

RTX (NYSE:RTX - Get Free Report) last released its quarterly earnings results on Tuesday, April 23rd. The company reported $1.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.23 by $0.11. The firm 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 quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.22 EPS. As a group, research analysts forecast that RTX will post 5.39 EPS for the current fiscal year.

RTX Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Friday, February 23rd were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend was Thursday, February 22nd. RTX's dividend payout ratio (DPR) is 92.55%.

Insider Transactions at RTX

In related news, CEO Gregory Hayes sold 89,762 shares of the stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $101.44, for a total value of $9,105,457.28. Following the sale, the chief executive officer now directly owns 636,759 shares of the company's stock, valued at approximately $64,592,832.96. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, COO Christopher T. Calio sold 367 shares of RTX 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 sale, the chief operating officer now directly owns 56,707 shares in the company, valued at $5,252,769.41. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Gregory Hayes sold 89,762 shares of the company's stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $101.44, for a total transaction of $9,105,457.28. Following the transaction, the chief executive officer now directly owns 636,759 shares in the company, valued at approximately $64,592,832.96. The disclosure for this sale can be found here. Insiders sold 127,547 shares of company stock valued at $12,553,645 in the last 90 days. 0.13% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Bear Mountain Capital Inc. acquired a new position in RTX in the fourth quarter valued at $25,000. Strengthening Families & Communities LLC purchased a new position in shares of RTX during the 3rd quarter worth about $28,000. Planned Solutions Inc. acquired a new stake in shares of RTX in the fourth quarter worth approximately $30,000. Financial Gravity Asset Management Inc. increased its position in RTX by 352.0% during the third quarter. Financial Gravity Asset Management Inc. now owns 443 shares of the company's stock worth $32,000 after purchasing an additional 345 shares during the last quarter. Finally, Valley National Advisers Inc. raised its stake in RTX by 37.4% during the third quarter. Valley National Advisers Inc. now owns 467 shares of the company's stock worth $34,000 after purchasing an additional 127 shares during the period. 86.50% of the stock is currently owned by institutional investors and hedge funds.

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.