RTX (NYSE:RTX) Price Target Raised to $182.00

RTX (NYSE:RTX - Free Report) had its price objective lifted by Citigroup from $148.00 to $182.00 in a research report sent to investors on Monday,Benzinga reports. They currently have a buy rating on the stock.

A number of other equities analysts have also commented on RTX. Wells Fargo & Company boosted their price target on shares of RTX from $136.00 to $144.00 and gave the company an "overweight" rating in a research report on Tuesday, April 15th. Benchmark upgraded shares of RTX from a "hold" rating to a "buy" rating and set a $140.00 price target on the stock in a research report on Wednesday, May 14th. Baird R W upgraded shares of RTX from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 19th. UBS Group boosted 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. Finally, Susquehanna reduced their price target on shares of RTX from $147.00 to $140.00 and set a "positive" rating on the stock in a research report on Wednesday, April 23rd. Five 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $162.61.

RTX Price Performance

Shares of RTX stock traded down $0.14 during trading on Monday, hitting $148.55. 639,120 shares of the company's stock traded hands, compared to its average volume of 5,265,133. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.01 and a quick ratio of 0.75. The firm's fifty day moving average price is $139.99 and its 200 day moving average price is $130.84. RTX has a twelve month low of $101.75 and a twelve month high of $150.75. The company has a market cap of $198.45 billion, a PE ratio of 43.53, a PEG ratio of 2.78 and a beta of 0.64.

RTX (NYSE:RTX - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The company reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.12. The business had revenue of $20.31 billion for the quarter, compared to analyst estimates of $19.80 billion. RTX had a net margin of 5.63% and a return on equity of 12.71%. Analysts forecast that RTX will post 6.11 earnings per share for the current year.

RTX Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Investors 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 1.83%. RTX's dividend payout ratio (DPR) is 79.77%.

Insider Buying and Selling

In related news, EVP Dantaya M. Williams sold 16,922 shares of the business's stock in a transaction that occurred on 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. The trade was a 50.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Amy L. Johnson sold 4,146 shares of the business'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 sale, the vice president directly owned 9,546 shares of the company's stock, valued at approximately $1,217,496.84. This trade represents a 30.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.15% of the company's stock.

Institutional Investors Weigh In On RTX

Several large investors have recently bought and sold shares of the company. Gries Financial LLC increased its stake in RTX by 0.7% in the second quarter. Gries Financial LLC now owns 9,780 shares of the company's stock valued at $1,428,000 after purchasing an additional 69 shares in the last quarter. TrueWealth Advisors LLC increased its stake in RTX by 3.6% in the second quarter. TrueWealth Advisors LLC now owns 2,007 shares of the company's stock valued at $293,000 after purchasing an additional 70 shares in the last quarter. RMR Wealth Builders increased its stake in RTX by 3.6% in the second quarter. RMR Wealth Builders now owns 2,036 shares of the company's stock valued at $297,000 after purchasing an additional 70 shares in the last quarter. Verum Partners LLC increased its stake in RTX by 1.8% in the second quarter. Verum Partners LLC now owns 4,093 shares of the company's stock valued at $598,000 after purchasing an additional 73 shares in the last quarter. Finally, Hamilton Capital LLC increased its stake in RTX by 3.6% in the first quarter. Hamilton Capital LLC now owns 2,122 shares of the company's stock valued at $281,000 after purchasing an additional 74 shares in the last quarter. Institutional investors own 86.50% of the company's stock.

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.