Brokerages Set RTX Co. (NYSE:RTX) Price Target at $161.06

Shares of RTX Co. (NYSE:RTX - Get Free Report) have earned an average recommendation of "Buy" from the nineteen research firms that are currently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have given a strong buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $159.82.

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. lowered their price objective on shares of RTX from $150.00 to $145.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. StockNews.com upgraded shares of RTX from a "hold" rating to a "buy" rating in a research report on Thursday, April 24th. Baird R W raised RTX from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 19th. Vertical Research upgraded shares of RTX to a "strong-buy" rating in a report on Tuesday, January 28th. Finally, UBS Group increased their price target on shares of RTX from $133.00 to $138.00 and gave the company a "buy" rating in a research report on Wednesday, April 23rd.

RTX Price Performance

Shares of RTX stock traded down $0.01 during trading on Friday, hitting $130.71. The company had a trading volume of 1,604,813 shares, compared to its average volume of 5,388,821. The stock's 50-day moving average price is $128.33 and its 200 day moving average price is $123.98. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 0.99. RTX has a one year low of $99.07 and a one year high of $136.17. The firm has a market capitalization of $174.63 billion, a P/E ratio of 36.83, a price-to-earnings-growth ratio of 2.11 and a beta of 0.60.

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

RTX Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Friday, May 23rd will be given a dividend of $0.68 per share. This is a boost from RTX's previous quarterly dividend of $0.63. This represents a $2.72 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date is Friday, May 23rd. RTX's dividend payout ratio (DPR) is 79.77%.

Insider Activity

In related news, VP Amy L. Johnson sold 4,146 shares of the firm's stock in a transaction that occurred on 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 sale, the vice president now directly owns 9,546 shares of the company's stock, valued at approximately $1,217,496.84. This trade represents a 30.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Troy D. Brunk sold 2,872 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $125.95, for a total value of $361,728.40. Following the completion of the transaction, the insider now directly owns 5,272 shares in the company, valued at approximately $664,008.40. This trade represents a 35.27% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 69,946 shares of company stock worth $9,024,856 over the last 90 days. 0.15% of the stock is currently owned by insiders.

Institutional Trading of RTX

Institutional investors have recently bought and sold shares of the stock. CX Institutional raised its holdings in shares of RTX by 21.9% during the fourth quarter. CX Institutional now owns 65,150 shares of the company's stock valued at $7,539,000 after acquiring an additional 11,706 shares during the last quarter. National Pension Service grew its position in shares of RTX by 15.1% in the fourth quarter. National Pension Service now owns 2,859,573 shares of the company's stock valued at $330,910,000 after purchasing an additional 375,781 shares in the last quarter. Deutsche Bank AG lifted its position in RTX by 46.0% during the fourth quarter. Deutsche Bank AG now owns 2,973,342 shares of the company's stock worth $344,075,000 after buying an additional 936,953 shares in the last quarter. Czech National Bank grew its holdings in RTX by 6.5% in the 4th quarter. Czech National Bank now owns 288,591 shares of the company's stock valued at $33,396,000 after buying an additional 17,608 shares in the last quarter. Finally, Archer Investment Corp boosted its position in shares of RTX by 370.3% during the 4th quarter. Archer Investment Corp now owns 5,272 shares of the company's stock valued at $610,000 after acquiring an additional 4,151 shares during the last quarter. 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.