RTX Co. (NYSE:RTX) Receives Consensus Recommendation of "Buy" from Analysts

RTX Co. (NYSE:RTX - Get Free Report) has been given an average rating of "Buy" by the seventeen ratings firms that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating, eleven have issued a buy rating and three have issued a strong buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $165.27.

Several brokerages recently commented on RTX. Morgan Stanley lifted their target price on shares of RTX from $130.00 to $135.00 and gave the stock an "equal weight" rating in a research note on Wednesday, January 29th. Baird R W raised RTX from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 19th. Wells Fargo & Company lifted their target price on shares of RTX from $136.00 to $144.00 and gave the company an "overweight" rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft upgraded RTX from a "hold" rating to a "buy" rating and raised their price target for the company from $131.00 to $140.00 in a report on Thursday, January 2nd. Finally, UBS Group raised shares of RTX from a "neutral" rating to a "buy" rating in a report on Monday, March 24th.

RTX Price Performance

NYSE RTX traded down $0.55 on Monday, reaching $128.59. 6,314,415 shares of the company's stock traded hands, compared to its average volume of 5,502,577. The stock has a market cap of $171.68 billion, a PE ratio of 36.22, a P/E/G ratio of 2.11 and a beta of 0.58. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74. RTX has a 12 month low of $99.07 and a 12 month high of $136.17. The stock has a 50-day simple moving average of $128.56 and a 200 day simple moving average of $123.68.

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RTX (NYSE:RTX - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.35 by $0.19. RTX had a return on equity of 12.45% and a net margin of 5.91%. As a group, research analysts predict that RTX will post 6.11 earnings per share for the current year.

RTX Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Friday, February 21st were given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend was Friday, February 21st. RTX's dividend payout ratio (DPR) is currently 70.99%.

Insiders Place Their Bets

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 completion of the sale, the insider now owns 5,272 shares of the company's stock, valued at approximately $664,008.40. This trade represents a 35.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Christopher T. Calio sold 27,379 shares of the firm's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $130.36, for a total transaction of $3,569,126.44. Following the completion of the transaction, the chief executive officer now directly owns 81,508 shares of the company's stock, valued at approximately $10,625,382.88. This represents a 25.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 79,831 shares of company stock worth $10,309,302 over the last quarter. Company insiders own 0.15% of the company's stock.

Hedge Funds Weigh In On RTX

Several institutional investors and hedge funds have recently modified their holdings of RTX. CX Institutional boosted its holdings in RTX by 21.9% during the fourth quarter. CX Institutional now owns 65,150 shares of the company's stock worth $7,539,000 after buying an additional 11,706 shares in the last quarter. National Pension Service grew its position in shares of RTX by 15.1% during the 4th quarter. National Pension Service now owns 2,859,573 shares of the company's stock valued at $330,910,000 after acquiring an additional 375,781 shares during the period. Czech National Bank raised its holdings in RTX by 6.5% in the 4th quarter. Czech National Bank now owns 288,591 shares of the company's stock worth $33,396,000 after purchasing an additional 17,608 shares during the period. Archer Investment Corp increased its position in shares of RTX by 370.3% in the fourth quarter. Archer Investment Corp now owns 5,272 shares of the company's stock valued at $610,000 after buying an additional 4,151 shares in the last quarter. Finally, Optas LLC lifted its position in shares of RTX by 114.5% during the 4th quarter. Optas LLC now owns 7,062 shares of the company's stock valued at $817,000 after buying an additional 3,770 shares in the last quarter. Institutional investors and hedge funds 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.