RTX Corporation (NYSE:RTX) Given Consensus Rating of "Moderate Buy" by Brokerages

RTX Corporation (NYSE:RTX - Get Free Report) has earned a consensus rating of "Moderate Buy" from the twenty-two ratings firms that are presently covering the stock, Marketbeat reports. Six analysts have rated the stock with a hold recommendation, thirteen have given a buy recommendation and three have given a strong buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $164.28.

Several equities analysts recently issued reports on the company. Royal Bank Of Canada lowered their price objective on RTX from $150.00 to $140.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. Benchmark upgraded shares of RTX from a "hold" rating to a "buy" rating and set a $140.00 target price for the company in a research note on Wednesday, May 14th. Wall Street Zen lowered shares of RTX from a "buy" rating to a "hold" rating in a research note on Saturday, June 21st. JPMorgan Chase & Co. decreased their target price on shares of RTX from $150.00 to $145.00 and set an "overweight" rating for the company in a research note on Monday, April 28th. Finally, Susquehanna decreased their target price on shares of RTX from $147.00 to $140.00 and set a "positive" rating for the company in a research note on Wednesday, April 23rd.

RTX Trading Down 1.5%

Shares of RTX stock opened at $149.26 on Wednesday. The firm's 50-day moving average price is $141.35 and its two-hundred day moving average price is $131.70. The company has a market capitalization of $199.41 billion, a price-to-earnings ratio of 43.77, a PEG ratio of 2.82 and a beta of 0.64. The company has a quick ratio of 0.75, a current ratio of 1.01 and a debt-to-equity ratio of 0.60. RTX has a 12-month low of $103.62 and a 12-month high of $153.39.

RTX (NYSE:RTX - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The company reported $1.56 EPS for the quarter, beating analysts' consensus estimates of $1.45 by $0.11. The business had revenue of $21.58 billion for the quarter, compared to analysts' expectations of $20.68 billion. RTX had a net margin of 5.63% and a return on equity of 12.71%. The business's quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.41 earnings per share. On average, analysts forecast that RTX will post 6.11 earnings per share for the current fiscal year.

RTX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Friday, August 15th will be issued a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 1.82%. RTX's dividend payout ratio (DPR) is presently 79.77%.

Insider Transactions at RTX

In other RTX news, VP Amy L. Johnson sold 4,146 shares of the stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $127.54, for a total transaction of $528,780.84. Following the transaction, the vice president directly owned 9,546 shares of the company's stock, valued at $1,217,496.84. This trade represents a 30.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Dantaya M. Williams sold 16,922 shares of the company'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 completion of the sale, the executive vice president directly owned 16,538 shares of the company's stock, valued at $2,275,959.56. This represents a 50.57% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.15% of the company's stock.

Hedge Funds Weigh In On RTX

Hedge funds and other institutional investors have recently bought and sold shares of the company. D.B. Root & Company LLC raised its stake in shares of RTX by 3.9% during the 2nd quarter. D.B. Root & Company LLC now owns 7,555 shares of the company's stock worth $1,103,000 after buying an additional 282 shares during the last quarter. Capital Advisors Inc. OK raised its stake in shares of RTX by 8.0% during the 2nd quarter. Capital Advisors Inc. OK now owns 23,435 shares of the company's stock worth $3,422,000 after buying an additional 1,738 shares during the last quarter. Relyea Zuckerberg Hanson LLC raised its stake in shares of RTX by 1.8% during the 2nd quarter. Relyea Zuckerberg Hanson LLC now owns 5,631 shares of the company's stock worth $822,000 after buying an additional 101 shares during the last quarter. Berkshire Money Management Inc. raised its stake in shares of RTX by 2.0% during the 2nd quarter. Berkshire Money Management Inc. now owns 4,782 shares of the company's stock worth $698,000 after buying an additional 95 shares during the last quarter. Finally, Investors Asset Management of Georgia Inc. GA ADV raised its stake in shares of RTX by 3.6% during the 2nd quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 11,359 shares of the company's stock worth $1,659,000 after buying an additional 393 shares during the last quarter. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

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.

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