RTX Co. (NYSE:RTX) Receives $177.27 Average Price Target from Analysts

RTX Co. (NYSE:RTX) has been given an average rating of “Hold” by the fourteen brokerages that are currently covering the stock, MarketBeat Ratings reports. Nine equities research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $177.27.

A number of equities research analysts have recently issued reports on RTX shares. UBS Group lifted their price target on shares of RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Robert W. Baird boosted their target price on RTX from $105.00 to $115.00 and gave the stock a “neutral” rating in a research report on Friday, July 26th. Alembic Global Advisors raised RTX from a “neutral” rating to an “overweight” rating and set a $134.00 price target for the company in a research note on Tuesday, July 30th. StockNews.com upgraded shares of RTX from a “hold” rating to a “buy” rating in a report on Friday, September 6th. Finally, Royal Bank of Canada increased their price target on shares of RTX from $115.00 to $130.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 23rd.

Hedge Funds Weigh In On RTX

Several institutional investors and hedge funds have recently bought and sold shares of RTX. MidAtlantic Capital Management Inc. acquired a new stake in shares of RTX during the 3rd quarter worth $29,000. Briaud Financial Planning Inc raised its holdings in shares of RTX by 64.1% in the 2nd quarter. Briaud Financial Planning Inc now owns 256 shares of the company’s stock worth $25,000 after purchasing an additional 100 shares during the period. Lynx Investment Advisory acquired a new position in shares of RTX in the 2nd quarter valued at about $26,000. Mizuho Securities Co. Ltd. purchased a new stake in shares of RTX during the 2nd quarter worth about $32,000. Finally, Western Pacific Wealth Management LP acquired a new stake in RTX during the 3rd quarter worth approximately $41,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Stock Down 0.3 %

RTX opened at $118.53 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.99 and a quick ratio of 0.73. RTX has a 12 month low of $78.00 and a 12 month high of $128.70. The stock has a market capitalization of $157.77 billion, a P/E ratio of 33.87, a P/E/G ratio of 2.10 and a beta of 0.82. The business has a 50 day simple moving average of $122.20 and a 200-day simple moving average of $113.56.

RTX (NYSE:RTX) last issued its earnings results on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, topping the consensus estimate of $1.34 by $0.11. The company had revenue of $20.09 billion for the quarter, compared to analyst estimates of $19.84 billion. RTX had a net margin of 5.97% and a return on equity of 11.96%. The business’s revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.25 EPS. On average, equities analysts anticipate that RTX will post 5.56 earnings per share for the current fiscal year.

RTX Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Friday, November 15th will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date of this dividend is Friday, November 15th. RTX’s payout ratio is 72.00%.

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.