RTX (NYSE:RTX) Stock Rating Upgraded by DZ Bank

DZ Bank upgraded shares of RTX (NYSE:RTX - Free Report) from a sell rating to a hold rating in a research report sent to investors on Friday, Marketbeat Ratings reports. They currently have $129.00 price target on the stock.

Other equities research analysts have also recently issued reports about the company. Deutsche Bank Aktiengesellschaft raised RTX from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $131.00 to $140.00 in a research note on Thursday, January 2nd. Bank of America increased their price target on RTX from $145.00 to $155.00 and gave the company a "buy" rating in a report on Thursday, January 30th. Argus raised shares of RTX from a "hold" rating to a "buy" rating in a research note on Tuesday, February 11th. UBS Group increased their target price on shares of RTX from $133.00 to $138.00 and gave the company a "buy" rating in a research note on Wednesday. Finally, Baird R W raised shares of RTX from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 19th. Three equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, RTX currently has a consensus rating of "Buy" and an average target price of $161.38.

RTX Price Performance

NYSE RTX traded up $3.46 during trading on Friday, hitting $125.43. 6,204,846 shares of the stock traded hands, compared to its average volume of 5,505,094. The company has a market capitalization 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 has a 12-month low of $99.07 and a 12-month high of $136.17. The firm has a 50-day simple moving average of $128.31 and a 200-day simple moving average of $123.74. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63.

RTX (NYSE:RTX - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The company reported $1.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.35 by $0.12. RTX had a net margin of 5.91% and a return on equity of 12.45%. The company had revenue of $20.31 billion for the quarter, compared to the consensus estimate of $19.80 billion. As a group, analysts predict that RTX will post 6.11 EPS for the current year.

RTX Announces Dividend

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

Insider Buying and Selling at RTX

In other news, CEO Christopher T. Calio sold 27,379 shares of RTX stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $130.36, for a total value of $3,569,126.44. Following the transaction, the chief executive officer now directly owns 81,508 shares in the company, valued at approximately $10,625,382.88. This trade represents a 25.14 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Neil G. Mitchill, Jr. sold 16,118 shares of the firm's stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $130.35, for a total value of $2,100,981.30. Following the sale, the chief financial officer now directly owns 59,556 shares in the company, valued at approximately $7,763,124.60. The trade was a 21.30 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 79,831 shares of company stock valued at $10,309,302. Company insiders own 0.15% of the company's stock.

Hedge Funds Weigh In On RTX

Large investors have recently made changes to their positions in the business. MorganRosel Wealth Management LLC acquired a new stake in RTX in the first quarter worth about $26,000. 10Elms LLP acquired a new position in RTX during the 4th quarter valued at approximately $29,000. Fairway Wealth LLC acquired a new stake in shares of RTX during the fourth quarter worth $31,000. Picton Mahoney Asset Management grew its holdings in shares of RTX by 2,944.4% during the fourth quarter. Picton Mahoney Asset Management now owns 274 shares of the company's stock valued at $31,000 after buying an additional 265 shares during the last quarter. Finally, Greenline Partners LLC acquired a new position in shares of RTX in the 4th quarter valued at $34,000. 86.50% of the stock is owned by institutional investors and hedge funds.

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.