RTX Corporation (NYSE:RTX) Given Average Rating of "Buy" by Analysts

RTX Corporation (NYSE:RTX - Get Free Report) has received an average rating of "Buy" from the twenty brokerages that are covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, fourteen have assigned a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $161.12.

RTX has been the topic of a number of analyst reports. UBS Group raised their price objective on shares of RTX from $133.00 to $138.00 and gave the company a "buy" rating in a report on Wednesday, April 23rd. Robert W. Baird raised shares of RTX from a "neutral" rating to an "outperform" rating and increased their target price for the company from $136.00 to $160.00 in a research report on Wednesday, March 19th. DZ Bank raised shares of RTX from a "sell" rating to a "hold" rating and set a $129.00 target price on the stock in a research report on Friday, April 25th. The Goldman Sachs Group increased their target price on shares of RTX from $114.00 to $126.00 and gave the company a "neutral" rating in a research report on Monday, June 23rd. Finally, Benchmark raised shares of RTX from a "hold" rating to a "buy" rating and set a $140.00 target price on the stock in a research report on Wednesday, May 14th.

Insider Transactions at RTX

In related news, EVP Dantaya M. Williams sold 16,922 shares of the business's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $137.62, for a total transaction of $2,328,805.64. Following the sale, the executive vice president now owns 16,538 shares of the company's stock, valued at approximately $2,275,959.56. The trade was a 50.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Amy L. Johnson sold 4,146 shares of the business'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 sale, the vice president now directly owns 9,546 shares in the company, valued at approximately $1,217,496.84. This represents a 30.28% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.15% of the company's stock.

Institutional Trading of RTX

A number of institutional investors have recently added to or reduced their stakes in RTX. MorganRosel Wealth Management LLC purchased a new stake in RTX during the first quarter worth about $26,000. 10Elms LLP purchased a new stake in shares of RTX in the fourth quarter valued at about $29,000. Fairway Wealth LLC purchased a new stake in shares of RTX in the fourth quarter valued at about $31,000. Picton Mahoney Asset Management lifted its holdings in shares of RTX by 2,944.4% in the fourth quarter. Picton Mahoney Asset Management now owns 274 shares of the company's stock valued at $31,000 after purchasing an additional 265 shares in the last quarter. Finally, Greenline Partners LLC purchased a new stake in shares of RTX in the fourth quarter valued at about $34,000. Hedge funds and other institutional investors own 86.50% of the company's stock.

RTX Price Performance

RTX stock opened at $144.64 on Friday. The firm has a market cap of $193.23 billion, a PE ratio of 42.42, a price-to-earnings-growth ratio of 2.58 and a beta of 0.63. RTX has a 52-week low of $99.07 and a 52-week high of $149.26. The company has a quick ratio of 0.75, a current ratio of 1.01 and a debt-to-equity ratio of 0.60. The company's 50 day moving average is $134.87 and its two-hundred day moving average is $128.29.

RTX (NYSE:RTX - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The company reported $1.47 earnings per share for the quarter, beating analysts' consensus estimates of $1.35 by $0.12. RTX had a net margin of 5.63% and a return on equity of 12.71%. The business had revenue of $20.31 billion for the quarter, compared to analyst estimates of $19.80 billion. On average, research analysts expect that RTX will post 6.11 EPS for the current fiscal year.

RTX Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Friday, August 15th will be paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.88%. RTX's dividend payout ratio (DPR) is 79.77%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.