RTX (NYSE:RTX) Upgraded to “Buy” by StockNews.com

StockNews.com upgraded shares of RTX (NYSE:RTX) from a hold rating to a buy rating in a report released on Thursday.

Other research analysts have also recently issued reports about the stock. Wells Fargo & Company increased their price target on shares of RTX from $119.00 to $141.00 and gave the company an overweight rating in a research report on Friday, May 17th. Barclays raised their target price on shares of RTX from $90.00 to $100.00 and gave the stock an equal weight rating in a report on Tuesday, April 30th. Bank of America raised their target price on shares of RTX from $100.00 to $110.00 and gave the stock a neutral rating in a report on Wednesday, April 24th. UBS Group raised their target price on shares of RTX from $103.00 to $105.00 and gave the stock a neutral rating in a report on Wednesday, April 24th. Finally, Robert W. Baird raised their target price on shares of RTX from $94.00 to $105.00 and gave the stock a neutral rating in a report on Monday, April 8th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of Hold and an average price target of $98.33.

RTX Stock Down 0.2 %

RTX stock opened at $100.39 on Thursday. The company has a current ratio of 1.07, a quick ratio of 0.79 and a debt-to-equity ratio of 0.68. The company’s 50 day moving average is $104.42 and its 200 day moving average is $95.65. The stock has a market cap of $133.47 billion, a price-to-earnings ratio of 39.37, a price-to-earnings-growth ratio of 1.76 and a beta of 0.83. RTX has a 1-year low of $68.56 and a 1-year high of $108.65.

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

RTX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Friday, August 16th will be paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date is Friday, August 16th. RTX’s dividend payout ratio (DPR) is currently 98.82%.

Insider Buying and Selling

In other RTX news, Director Robert Kelly Ortberg sold 10,295 shares of the stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $101.97, for a total value of $1,049,781.15. Following the completion of the sale, the director now directly owns 129,120 shares in the company, valued at $13,166,366.40. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, CEO Gregory Hayes sold 89,762 shares of the firm’s stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $101.44, for a total transaction of $9,105,457.28. Following the sale, the chief executive officer now directly owns 636,759 shares of the company’s stock, valued at $64,592,832.96. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Robert Kelly Ortberg sold 10,295 shares of the firm’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $101.97, for a total value of $1,049,781.15. Following the sale, the director now directly owns 129,120 shares in the company, valued at $13,166,366.40. The disclosure for this sale can be found here. Insiders sold 119,937 shares of company stock worth $12,256,952 in the last three months. 0.13% of the stock is owned by insiders.

Institutional Trading of RTX

Institutional investors have recently bought and sold shares of the business. Keynote Financial Services LLC purchased a new position in RTX during the first quarter worth approximately $3,044,000. Mosaic Family Wealth Partners LLC lifted its position in RTX by 5.5% during the first quarter. Mosaic Family Wealth Partners LLC now owns 3,992 shares of the company’s stock worth $389,000 after buying an additional 209 shares in the last quarter. OMC Financial Services LTD purchased a new position in RTX during the first quarter worth approximately $459,000. EverSource Wealth Advisors LLC increased its stake in RTX by 41.7% during the first quarter. EverSource Wealth Advisors LLC now owns 10,558 shares of the company’s stock worth $1,072,000 after acquiring an additional 3,108 shares during the last quarter. Finally, Hamilton Wealth LLC acquired a new stake in RTX during the first quarter worth $417,000. 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.