RTX (NYSE:RTX) Upgraded at UBS Group

UBS Group upgraded shares of RTX (NYSE:RTX) from a neutral rating to a buy rating in a research report report published on Monday morning, MarketBeat Ratings reports. UBS Group currently has $147.00 price target on the stock, up from their previous price target of $142.00.

A number of other analysts also recently weighed in on the company. Royal Bank of Canada upped their target price on RTX from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday, January 29th. Barclays upped their price objective on shares of RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 29th. Argus raised shares of RTX from a “hold” rating to a “buy” rating in a report on Tuesday, February 11th. Morgan Stanley upped their price target on shares of RTX from $130.00 to $135.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 29th. Finally, StockNews.com cut shares of RTX from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. Five investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $163.40.

RTX Price Performance

NYSE:RTX opened at $127.30 on Monday. RTX has a 52 week low of $88.95 and a 52 week high of $132.43. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.74 and a current ratio of 0.99. The firm’s 50-day simple moving average is $122.09 and its 200 day simple moving average is $121.17. The firm has a market cap of $169.58 billion, a price-to-earnings ratio of 35.86, a P/E/G ratio of 2.11 and a beta of 0.82.

RTX (NYSE:RTX) last announced its earnings results on Tuesday, January 28th. The company reported $1.54 EPS for the quarter, topping the consensus estimate of $1.35 by $0.19. RTX had a net margin of 5.91% and a return on equity of 12.45%. As a group, sell-side analysts predict that RTX will post 6.11 earnings per share for the current year.

RTX Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Friday, February 21st 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 1.98%. The ex-dividend date of this dividend is Friday, February 21st. RTX’s payout ratio is 70.99%.

Insider Activity

In other RTX news, EVP Dantaya M. Williams sold 14,031 shares of the company’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $129.23, for a total value of $1,813,226.13. Following the sale, the executive vice president now owns 44,415 shares in the company, valued at approximately $5,739,750.45. The trade was a 24.01 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Troy D. Brunk sold 2,872 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $125.95, for a total value of $361,728.40. Following the transaction, the insider now owns 5,272 shares of the company’s stock, valued at $664,008.40. This trade represents a 35.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by insiders.

Institutional Trading of RTX

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RTX. Mirae Asset Global Investments Co. Ltd. lifted its holdings in RTX by 16.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 78,994 shares of the company’s stock valued at $9,510,000 after buying an additional 11,354 shares during the period. First American Bank lifted its stake in shares of RTX by 1.9% in the 3rd quarter. First American Bank now owns 45,884 shares of the company’s stock valued at $5,559,000 after purchasing an additional 867 shares during the period. Hibernia Wealth Partners LLC bought a new stake in shares of RTX during the 3rd quarter valued at about $423,000. Southern Capital Advisors LLC acquired a new stake in RTX during the third quarter worth approximately $310,000. Finally, Smithbridge Asset Management Inc. DE increased its holdings in RTX by 1.4% in the third quarter. Smithbridge Asset Management Inc. DE now owns 66,796 shares of the company’s stock worth $8,093,000 after purchasing an additional 939 shares in the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

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.