RTX (NYSE:RTX) Price Target Increased to $119.00 by Analysts at Susquehanna

RTX (NYSE:RTX) had its price target upped by Susquehanna from $110.00 to $119.00 in a research note published on Wednesday morning, Benzinga reports. They currently have a positive rating on the stock.

A number of other equities research analysts also recently weighed in on the company. Barclays boosted their target price on RTX from $75.00 to $90.00 and gave the stock an equal weight rating in a research report on Tuesday, January 30th. TheStreet upgraded RTX from a c rating to a b- rating in a research report on Tuesday, January 23rd. UBS Group boosted their target price on RTX from $93.00 to $96.00 and gave the stock a neutral rating in a research report on Wednesday, January 24th. Bank of America upgraded RTX from an underperform rating to a neutral rating and boosted their target price for the stock from $78.00 to $100.00 in a research report on Thursday, January 25th. Finally, Wells Fargo & Company reiterated an overweight rating and issued a $120.00 price objective on shares of RTX in a report on Monday, April 1st. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of Hold and a consensus target price of $96.27.

RTX Price Performance

RTX stock opened at $101.41 on Wednesday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.78 and a current ratio of 1.07. The firm has a market cap of $134.83 billion, a P/E ratio of 39.77, a P/E/G ratio of 1.84 and a beta of 0.88. The business’s fifty day moving average is $95.57 and its two-hundred day moving average is $87.61. RTX has a 52 week low of $68.56 and a 52 week high of $103.89.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.11. The company had revenue of $19.30 billion for the quarter, compared to analyst estimates of $18.44 billion. RTX had a return on equity of 10.81% and a net margin of 4.90%. The business’s revenue was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.22 earnings per share. Equities research analysts forecast that RTX will post 5.39 earnings per share for the current fiscal year.

RTX Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Friday, February 23rd were issued a $0.59 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $2.36 annualized dividend and a dividend yield of 2.33%. RTX’s dividend payout ratio (DPR) is currently 92.55%.

Insiders Place Their Bets

In other RTX news, COO Christopher T. Calio sold 367 shares of the stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $92.63, for a total value of $33,995.21. Following the completion of the sale, the chief operating officer now directly owns 56,707 shares in the company, valued at $5,252,769.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, COO Christopher T. Calio sold 367 shares of the company’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $92.63, for a total transaction of $33,995.21. Following the completion of the transaction, the chief operating officer now directly owns 56,707 shares of the company’s stock, valued at $5,252,769.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Neil G. Mitchill, Jr. sold 1,545 shares of the company’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $92.36, for a total value of $142,696.20. Following the transaction, the chief financial officer now directly owns 49,894 shares of the company’s stock, valued at $4,608,209.84. The disclosure for this sale can be found here. Insiders sold 37,785 shares of company stock worth $3,448,188 over the last ninety days. 0.13% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Cary Street Partners Investment Advisory LLC boosted its position in RTX by 26.0% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 140,022 shares of the company’s stock valued at $10,077,000 after purchasing an additional 28,910 shares during the last quarter. Rockline Wealth Management LLC acquired a new position in RTX during the fourth quarter valued at approximately $2,438,000. B&D White Capital Company LLC acquired a new position in RTX during the third quarter valued at approximately $14,186,000. PDS Planning Inc acquired a new position in RTX during the fourth quarter valued at approximately $356,000. Finally, Cullen Investment Group LTD. bought a new stake in RTX in the fourth quarter valued at approximately $843,000. 86.50% of the stock is owned by institutional investors and hedge funds.

About RTX

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.