RTX Co. (NYSE:RTX) Receives $159.82 Consensus PT from Analysts

Shares of RTX Co. (NYSE:RTX - Get Free Report) have received a consensus rating of "Buy" from the twenty ratings firms that are currently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating, fourteen have issued a buy rating and three have assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $159.82.

A number of equities research analysts have weighed in on RTX shares. Wall Street Zen upgraded shares of RTX from a "hold" rating to a "buy" rating in a research report on Thursday, April 24th. JPMorgan Chase & Co. dropped their price objective on RTX from $150.00 to $145.00 and set an "overweight" rating for the company in a research note on Monday, April 28th. Argus raised RTX from a "hold" rating to a "buy" rating in a research note on Tuesday, February 11th. Morgan Stanley upgraded RTX from an "equal weight" rating to an "overweight" rating and set a $135.00 target price for the company in a report on Wednesday, April 23rd. Finally, Baird R W upgraded shares of RTX from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 19th.

RTX Trading Up 0.8%

NYSE:RTX traded up $1.08 on Tuesday, hitting $138.58. The stock had a trading volume of 3,200,317 shares, compared to its average volume of 5,256,365. The company has a fifty day moving average price of $129.24 and a two-hundred day moving average price of $125.39. The stock has a market cap of $185.14 billion, a price-to-earnings ratio of 39.04, a PEG ratio of 2.11 and a beta of 0.60. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. RTX has a 1-year low of $99.07 and a 1-year high of $138.86.

RTX (NYSE:RTX - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.12. RTX had a return on equity of 12.45% and a net margin of 5.91%. The company had revenue of $20.31 billion during the quarter, compared to analyst estimates of $19.80 billion. Equities research analysts expect that RTX will post 6.11 earnings per share for the current fiscal year.

RTX Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Friday, May 23rd will be paid a dividend of $0.68 per share. The ex-dividend date is Friday, May 23rd. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.96%. This is an increase from RTX's previous quarterly dividend of $0.63. RTX's payout ratio is presently 79.77%.

Insider Activity at RTX

In other news, VP Amy L. Johnson sold 4,146 shares of the company's stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $127.54, for a total transaction of $528,780.84. Following the completion of the transaction, the vice president now directly owns 9,546 shares of the company's stock, valued at approximately $1,217,496.84. This represents a 30.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.15% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On RTX

Several institutional investors have recently added to or reduced their stakes in the business. Hamilton Capital LLC grew its position in shares of RTX by 3.6% in the 1st quarter. Hamilton Capital LLC now owns 2,122 shares of the company's stock valued at $281,000 after buying an additional 74 shares during the last quarter. ICW Investment Advisors LLC increased its position in shares of RTX by 0.6% during the first quarter. ICW Investment Advisors LLC now owns 13,845 shares of the company's stock worth $1,834,000 after purchasing an additional 77 shares in the last quarter. Apexium Financial LP lifted its holdings in shares of RTX by 2.2% in the 1st quarter. Apexium Financial LP now owns 3,629 shares of the company's stock valued at $481,000 after purchasing an additional 78 shares during the last quarter. 1620 Investment Advisors Inc. boosted its position in shares of RTX by 0.7% in the 4th quarter. 1620 Investment Advisors Inc. now owns 12,110 shares of the company's stock valued at $1,401,000 after purchasing an additional 79 shares during the period. Finally, Fusion Capital LLC grew its stake in RTX by 0.5% during the 4th quarter. Fusion Capital LLC now owns 15,156 shares of the company's stock worth $1,754,000 after buying an additional 80 shares during the last quarter. Hedge funds and other institutional investors own 86.50% of the company's stock.

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.