RTX (NYSE:RTX) Now Covered by Analysts at Wells Fargo & Company

Wells Fargo & Company started coverage on shares of RTX (NYSE:RTXFree Report) in a research note issued to investors on Wednesday morning, MarketBeat.com reports. The firm issued an equal weight rating and a $200.00 price objective on the stock.

Several other analysts have also recently weighed in on RTX. Wolfe Research reaffirmed an “outperform” rating on shares of RTX in a report on Wednesday, February 4th. Wall Street Zen lowered RTX from a “strong-buy” rating to a “buy” rating in a report on Sunday, December 14th. DZ Bank downgraded shares of RTX from a “hold” rating to a “strong sell” rating in a research note on Friday, February 6th. Morgan Stanley reiterated an “overweight” rating and set a $235.00 target price on shares of RTX in a research report on Wednesday, January 28th. Finally, Citigroup boosted their price target on shares of RTX from $227.00 to $238.00 and gave the stock a “buy” rating in a research note on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, RTX has a consensus rating of “Moderate Buy” and an average target price of $205.11.

Get Our Latest Report on RTX

RTX Stock Up 1.0%

RTX opened at $194.78 on Wednesday. The firm has a market capitalization of $262.17 billion, a P/E ratio of 39.27, a price-to-earnings-growth ratio of 2.79 and a beta of 0.42. RTX has a one year low of $112.27 and a one year high of $214.50. The company has a fifty day moving average price of $200.24 and a 200-day moving average price of $184.00. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.03 and a quick ratio of 0.80.

RTX (NYSE:RTXGet Free Report) last issued its quarterly earnings data on Tuesday, January 27th. The company reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.08. The company had revenue of $24.24 billion for the quarter, compared to the consensus estimate of $22.65 billion. RTX had a return on equity of 13.08% and a net margin of 7.60%.The firm’s revenue was up 12.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.54 earnings per share. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. Equities research analysts expect that RTX will post 6.11 earnings per share for the current fiscal year.

RTX Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Investors of record on Friday, February 20th were issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Friday, February 20th. RTX’s dividend payout ratio is currently 54.84%.

Insider Buying and Selling at RTX

In other news, EVP Ramsaran Maharajh sold 15,124 shares of the company’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $204.65, for a total transaction of $3,095,126.60. Following the completion of the transaction, the executive vice president directly owned 13,184 shares of the company’s stock, valued at approximately $2,698,105.60. This represents a 53.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Kevin G. Dasilva sold 8,136 shares of the stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $201.30, for a total transaction of $1,637,776.80. Following the sale, the vice president owned 27,102 shares of the company’s stock, valued at approximately $5,455,632.60. This represents a 23.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 89,255 shares of company stock worth $18,151,956 over the last ninety days. 0.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of RTX. Brighton Jones LLC grew its position in shares of RTX by 24.3% in the 4th quarter. Brighton Jones LLC now owns 17,018 shares of the company’s stock worth $1,969,000 after buying an additional 3,332 shares during the last quarter. Revolve Wealth Partners LLC increased its stake in shares of RTX by 3.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company’s stock valued at $564,000 after buying an additional 159 shares during the period. United Bank raised its holdings in shares of RTX by 68.0% during the second quarter. United Bank now owns 10,202 shares of the company’s stock valued at $1,490,000 after acquiring an additional 4,131 shares in the last quarter. Schnieders Capital Management LLC. lifted its stake in RTX by 3.1% in the second quarter. Schnieders Capital Management LLC. now owns 20,900 shares of the company’s stock worth $3,052,000 after acquiring an additional 623 shares during the period. Finally, Edgestream Partners L.P. lifted its stake in RTX by 72.5% in the second quarter. Edgestream Partners L.P. now owns 5,557 shares of the company’s stock worth $811,000 after acquiring an additional 2,335 shares during the period. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Trending Headlines about RTX

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RTX Company Profile

(Get Free Report)

RTX (NYSE: RTX) is a U.S.-based aerospace and defense company that designs, manufactures and services advanced systems for commercial, military and governmental customers worldwide. The company was created through the 2020 combination of Raytheon Company and United Technologies Corporation and later adopted the RTX name, positioning itself as a diversified provider across the aerospace and defense value chain.

RTX’s operations span a broad set of capabilities. Its commercial aerospace businesses include Pratt & Whitney aircraft engines and Collins Aerospace systems, which supply propulsion, avionics, aerostructures, interiors and integrated aircraft systems.

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Analyst Recommendations for RTX (NYSE:RTX)

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