RTX Co. (NYSE:RTX) Receives Average Recommendation of "Hold" from Analysts

Shares of RTX Co. (NYSE:RTX - Get Free Report) have been given a consensus recommendation of "Hold" by the fourteen ratings firms that are presently covering the company, Marketbeat Ratings reports. Nine research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $177.27.

A number of research analysts have recently commented on RTX shares. Deutsche Bank Aktiengesellschaft upgraded shares of RTX from a "sell" rating to a "hold" rating and upped their price target for the stock from $109.00 to $129.00 in a report on Thursday, October 3rd. Alembic Global Advisors upgraded shares of RTX from a "neutral" rating to an "overweight" rating and set a $134.00 target price for the company in a research note on Tuesday, July 30th. Wells Fargo & Company dropped their target price on RTX from $491.00 to $467.00 and set an "equal weight" rating on the stock in a research report on Wednesday, July 24th. Bank of America raised RTX from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $110.00 to $140.00 in a report on Wednesday, July 31st. Finally, Morgan Stanley increased their price target on shares of RTX from $120.00 to $130.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 23rd.

Institutional Trading of RTX

A number of hedge funds and other institutional investors have recently modified their holdings of RTX. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in RTX during the 1st quarter worth approximately $730,000. Kingsview Wealth Management LLC boosted its holdings in shares of RTX by 1.6% in the first quarter. Kingsview Wealth Management LLC now owns 26,354 shares of the company's stock valued at $2,570,000 after acquiring an additional 416 shares during the period. Motco grew its position in RTX by 7.2% during the 1st quarter. Motco now owns 1,475 shares of the company's stock worth $144,000 after purchasing an additional 99 shares during the last quarter. Pinkerton Retirement Specialists LLC increased its position in RTX by 19.5% in the 1st quarter. Pinkerton Retirement Specialists LLC now owns 65,258 shares of the company's stock valued at $6,365,000 after acquiring an additional 10,658 shares during the period. Finally, Pinnacle Wealth Planning Services Inc. raised its stake in shares of RTX by 1.7% during the first quarter. Pinnacle Wealth Planning Services Inc. now owns 8,630 shares of the company's stock worth $842,000 after purchasing an additional 144 shares during the last quarter. 86.50% of the stock is owned by institutional investors and hedge funds.

RTX Stock Performance

Shares of RTX stock traded up $0.23 during trading hours on Friday, reaching $118.53. The company had a trading volume of 6,969,270 shares, compared to its average volume of 6,669,619. The business has a fifty day moving average price of $122.20 and a 200-day moving average price of $113.28. RTX has a one year low of $78.00 and a one year high of $128.70. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 0.99. The firm has a market cap of $157.76 billion, a PE ratio of 33.98, a price-to-earnings-growth ratio of 2.19 and a beta of 0.82.

RTX (NYSE:RTX - Get Free Report) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, beating the consensus estimate of $1.34 by $0.11. RTX had a net margin of 5.97% and a return on equity of 11.96%. The business had revenue of $20.09 billion during the quarter, compared to the consensus estimate of $19.84 billion. During the same quarter in the prior year, the firm earned $1.25 EPS. The business's revenue was up 6.0% on a year-over-year basis. Sell-side analysts predict that RTX will post 5.56 earnings per share for the current fiscal year.

RTX Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Friday, November 15th will be given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 2.13%. The ex-dividend date is Friday, November 15th. RTX's payout ratio is presently 72.00%.

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.