RTX (NYSE:RTX) Price Target Raised to $132.00 at Citigroup

RTX (NYSE:RTX) had its price target hoisted by Citigroup from $122.00 to $132.00 in a research note published on Thursday, Benzinga reports. They currently have a neutral rating on the stock.

Several other analysts also recently weighed in on the stock. Susquehanna boosted their price target on shares of RTX from $119.00 to $140.00 and gave the stock a positive rating in a research note on Friday, July 26th. Wells Fargo & Company lowered 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. Deutsche Bank Aktiengesellschaft upgraded shares of RTX from a sell rating to a hold rating and boosted their price objective for the company from $109.00 to $129.00 in a research report on Thursday, October 3rd. Bank of America upgraded shares of RTX from a neutral rating to a buy rating and boosted their price objective for the company from $110.00 to $140.00 in a research report on Wednesday, July 31st. Finally, Robert W. Baird boosted their price objective on shares of RTX from $105.00 to $115.00 and gave the company a neutral rating in a research report on Friday, July 26th. One analyst has rated the stock with a sell rating, ten have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of Hold and a consensus target price of $162.50.

RTX Stock Performance

NYSE RTX opened at $122.84 on Thursday. RTX has a 52-week low of $72.29 and a 52-week high of $125.93. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.73 and a current ratio of 0.99. The company has a market capitalization of $163.41 billion, a P/E ratio of 71.06, a P/E/G ratio of 2.20 and a beta of 0.82. The company has a fifty day moving average of $119.71 and a 200-day moving average of $109.20.

RTX (NYSE:RTX) last posted its quarterly earnings data on Thursday, July 25th. The company reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.30 by $0.11. The company 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 firm’s revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.29 EPS. As a group, equities research analysts predict that RTX will post 5.46 EPS for the current fiscal year.

RTX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Friday, November 15th will be issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date is Friday, November 15th. RTX’s dividend payout ratio (DPR) is presently 145.67%.

Insiders Place Their Bets

In other news, CEO Christopher T. Calio sold 4,235 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $114.00, for a total value of $482,790.00. Following the transaction, the chief executive officer now owns 88,509 shares in the company, valued at approximately $10,090,026. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, CEO Christopher T. Calio sold 4,235 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $114.00, for a total value of $482,790.00. Following the transaction, the chief executive officer now owns 88,509 shares in the company, valued at approximately $10,090,026. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Kevin G. Dasilva sold 8,166 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $114.96, for a total transaction of $938,763.36. Following the completion of the transaction, the vice president now owns 45,208 shares in the company, valued at approximately $5,197,111.68. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 178,333 shares of company stock worth $20,861,880. 0.13% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Elgethun Capital Management lifted its position in RTX by 3.8% during the second quarter. Elgethun Capital Management now owns 2,326 shares of the company’s stock valued at $233,000 after purchasing an additional 85 shares during the period. Alpha Omega Wealth Management LLC lifted its position in RTX by 0.6% during the second quarter. Alpha Omega Wealth Management LLC now owns 15,126 shares of the company’s stock valued at $1,518,000 after purchasing an additional 89 shares during the period. Lazari Capital Management Inc. lifted its position in RTX by 1.6% during the second quarter. Lazari Capital Management Inc. now owns 6,009 shares of the company’s stock valued at $603,000 after purchasing an additional 95 shares during the period. Fermata Advisors LLC lifted its position in RTX by 4.3% during the third quarter. Fermata Advisors LLC now owns 2,307 shares of the company’s stock valued at $280,000 after purchasing an additional 96 shares during the period. Finally, Motco lifted its position in RTX by 7.2% during the first quarter. Motco now owns 1,475 shares of the company’s stock valued at $144,000 after purchasing an additional 99 shares during the period. Institutional investors 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.