RTX Co. (NYSE:RTX) Given Average Recommendation of “Hold” by Analysts

Shares of RTX Co. (NYSE:RTX) have been assigned an average recommendation of “Hold” from the seventeen analysts that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $153.47.

A number of brokerages have recently weighed in on RTX. StockNews.com lowered RTX from a “buy” rating to a “hold” rating in a research report on Sunday. Barclays upped their price objective 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. Robert W. Baird lifted their target price on shares of RTX from $105.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, July 26th. Wells Fargo & Company decreased their price target on shares of RTX from $491.00 to $467.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. Finally, Bank of America raised RTX from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $110.00 to $140.00 in a research report on Wednesday, July 31st.

Insider Buying and Selling

In other RTX news, CEO Christopher T. Calio sold 4,235 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $114.00, for a total transaction of $482,790.00. Following the sale, the chief executive officer now directly owns 88,509 shares in the company, valued at approximately $10,090,026. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, VP Kevin G. Dasilva sold 8,166 shares of the stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $114.96, for a total transaction of $938,763.36. Following the transaction, the vice president now owns 45,208 shares in the company, valued at $5,197,111.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Christopher T. Calio sold 4,235 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $114.00, for a total transaction of $482,790.00. Following the completion of the sale, the chief executive officer now owns 88,509 shares in the company, valued at approximately $10,090,026. The disclosure for this sale can be found here. Insiders sold a total of 178,333 shares of company stock worth $20,861,880 in the last three months. Insiders own 0.13% of the company’s stock.

Hedge Funds Weigh In On RTX

A number of institutional investors and hedge funds have recently modified their holdings of RTX. Bear Mountain Capital Inc. purchased a new position in RTX in the fourth quarter worth about $25,000. Briaud Financial Planning Inc lifted its stake 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 purchased a new position in shares of RTX in the second quarter worth approximately $26,000. Mizuho Securities Co. Ltd. bought a new stake in RTX during the second quarter valued at approximately $32,000. Finally, Tennessee Valley Asset Management Partners purchased a new stake in RTX during the fourth quarter valued at approximately $38,000. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

RTX Trading Up 0.9 %

NYSE:RTX opened at $116.15 on Wednesday. The firm has a market capitalization of $154.51 billion, a P/E ratio of 45.55, a P/E/G ratio of 2.02 and a beta of 0.82. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 0.66. The company has a fifty day moving average of $106.44 and a 200 day moving average of $100.46. RTX has a 52 week low of $68.56 and a 52 week high of $118.30.

RTX (NYSE:RTX) last issued its quarterly earnings data on Thursday, July 25th. The company reported $1.41 EPS for the quarter, beating the consensus estimate of $1.30 by $0.11. The firm had revenue of $19.72 billion during the quarter, compared to the consensus estimate of $19.29 billion. RTX had a net margin of 3.12% and a return on equity of 11.37%. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.29 earnings per share. On average, research analysts predict that RTX will post 5.44 earnings per share for the current year.

RTX Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Friday, August 16th will be given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 2.17%. The ex-dividend date is Friday, August 16th. RTX’s dividend payout ratio (DPR) is currently 98.82%.

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.