Susquehanna Cuts RTX (NYSE:RTX) Price Target to $140.00

RTX (NYSE:RTX - Free Report) had its price target decreased by Susquehanna from $147.00 to $140.00 in a research note released on Wednesday,Benzinga reports. Susquehanna currently has a positive rating on the stock.

Other equities analysts also recently issued reports about the stock. StockNews.com downgraded shares of RTX from a "buy" rating to a "hold" rating in a report on Friday, February 14th. Deutsche Bank Aktiengesellschaft raised shares of RTX from a "hold" rating to a "buy" rating and increased their target price for the company from $131.00 to $140.00 in a research report on Thursday, January 2nd. Vertical Research raised shares of RTX to a "strong-buy" rating in a report on Tuesday, January 28th. Bank of America increased their price objective on RTX from $145.00 to $155.00 and gave the company a "buy" rating in a report on Thursday, January 30th. Finally, Royal Bank of Canada boosted their target price on RTX from $140.00 to $150.00 and gave the company an "outperform" rating in a research note on Wednesday, January 29th. Three analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $161.38.

RTX Stock Up 2.8 %

NYSE:RTX traded up $3.46 on Wednesday, hitting $125.43. The stock had a trading volume of 6,204,846 shares, compared to its average volume of 5,505,094. RTX has a 1 year low of $99.07 and a 1 year high of $136.17. The firm's fifty day simple moving average is $128.31 and its two-hundred day simple moving average is $123.74. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 0.99. The stock has a market cap of $167.46 billion, a P/E ratio of 35.33, a price-to-earnings-growth ratio of 2.11 and a beta of 0.58.

RTX (NYSE:RTX - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The company reported $1.47 EPS for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $19.80 billion. Analysts predict that RTX will post 6.11 earnings per share for the current year.

RTX Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Friday, February 21st were paid a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 2.01%. The ex-dividend date of this dividend was Friday, February 21st. RTX's dividend payout ratio is presently 73.90%.

Insider Buying and Selling at RTX

In other RTX news, insider Troy D. Brunk sold 2,872 shares of the firm's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $125.95, for a total value of $361,728.40. Following the sale, the insider now owns 5,272 shares of the company's stock, valued at $664,008.40. This trade represents a 35.27 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Dantaya M. Williams sold 14,031 shares of the business's stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $129.23, for a total value of $1,813,226.13. Following the transaction, the executive vice president now directly owns 44,415 shares of the company's stock, valued at $5,739,750.45. The trade was a 24.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 79,831 shares of company stock valued at $10,309,302 in the last three months. Company insiders own 0.15% of the company's stock.

Institutional Investors Weigh In On RTX

Institutional investors and hedge funds have recently bought and sold shares of the stock. MorganRosel Wealth Management LLC purchased a new stake in shares of RTX during the 1st quarter valued at $26,000. 10Elms LLP bought a new position in RTX in the fourth quarter valued at $29,000. Fairway Wealth LLC bought a new stake in RTX during the fourth quarter worth about $31,000. Picton Mahoney Asset Management boosted its holdings in shares of RTX by 2,944.4% in the 4th quarter. Picton Mahoney Asset Management now owns 274 shares of the company's stock worth $31,000 after purchasing an additional 265 shares in the last quarter. Finally, Greenline Partners LLC bought a new position in shares of RTX during the 4th quarter valued at about $34,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

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.