RTX (NYSE:RTX) Price Target Increased to $100.00 by Analysts at Barclays

RTX (NYSE:RTX) had its price objective increased by Barclays from $90.00 to $100.00 in a report published on Tuesday morning, Benzinga reports. Barclays currently has an equal weight rating on the stock.

A number of other analysts also recently issued reports on RTX. TheStreet upgraded shares of RTX from a c rating to a b- rating in a report on Tuesday, January 23rd. Susquehanna boosted their target price on shares of RTX from $110.00 to $119.00 and gave the stock a positive rating in a report on Wednesday, April 24th. Citigroup boosted their target price on shares of RTX from $95.00 to $110.00 and gave the stock a neutral rating in a report on Wednesday, April 24th. Robert W. Baird boosted their target price on shares of RTX from $94.00 to $105.00 and gave the stock a neutral rating in a report on Monday, April 8th. Finally, TD Cowen boosted their target price on shares of RTX from $106.00 to $115.00 and gave the stock an outperform rating in a report on Tuesday, March 19th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, RTX presently has an average rating of Hold and a consensus target price of $96.93.

RTX Stock Down 0.9 %

RTX opened at $101.53 on Tuesday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.79 and a current ratio of 1.07. RTX has a fifty-two week low of $68.56 and a fifty-two week high of $103.89. The firm’s fifty day moving average is $95.80 and its 200 day moving average is $87.92. The stock has a market cap of $134.98 billion, a price-to-earnings ratio of 39.81, a price-to-earnings-growth ratio of 1.83 and a beta of 0.88.

RTX (NYSE:RTX) last released its earnings results on Tuesday, April 23rd. The company reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.11. RTX had a net margin of 4.90% and a return on equity of 10.81%. The company had revenue of $19.30 billion for the quarter, compared to analysts’ expectations of $18.44 billion. During the same quarter in the previous year, the company earned $1.22 EPS. RTX’s revenue for the quarter was up 12.1% on a year-over-year basis. On average, sell-side analysts forecast that RTX will post 5.39 earnings per share for the current fiscal year.

RTX Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Friday, February 23rd were given a dividend of $0.59 per share. The ex-dividend date was Thursday, February 22nd. This represents a $2.36 dividend on an annualized basis and a yield of 2.32%. RTX’s payout ratio is 92.55%.

Insider Activity at RTX

In related news, CEO Gregory Hayes sold 89,762 shares of the stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $101.44, for a total transaction of $9,105,457.28. Following the completion of the sale, the chief executive officer now owns 636,759 shares of the company’s stock, valued at $64,592,832.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other RTX news, CEO Gregory Hayes sold 89,762 shares of the firm’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $101.44, for a total value of $9,105,457.28. Following the completion of the transaction, the chief executive officer now owns 636,759 shares of the company’s stock, valued at $64,592,832.96. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, COO Christopher T. Calio sold 367 shares of the firm’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $92.63, for a total transaction of $33,995.21. Following the completion of the transaction, the chief operating officer now directly owns 56,707 shares of the company’s stock, valued at approximately $5,252,769.41. The disclosure for this sale can be found here. Insiders sold 127,547 shares of company stock valued at $12,553,645 over the last 90 days. Insiders own 0.13% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Insight Inv LLC raised its holdings in shares of RTX by 0.6% during the first quarter. Insight Inv LLC now owns 17,299 shares of the company’s stock worth $1,687,000 after purchasing an additional 105 shares during the last quarter. Bruce G. Allen Investments LLC raised its holdings in shares of RTX by 7.9% during the first quarter. Bruce G. Allen Investments LLC now owns 1,441 shares of the company’s stock worth $141,000 after purchasing an additional 106 shares during the last quarter. Jacobsen Capital Management raised its holdings in shares of RTX by 3.0% during the fourth quarter. Jacobsen Capital Management now owns 3,890 shares of the company’s stock worth $327,000 after purchasing an additional 114 shares during the last quarter. TRUE Private Wealth Advisors raised its holdings in shares of RTX by 1.2% during the first quarter. TRUE Private Wealth Advisors now owns 9,952 shares of the company’s stock worth $971,000 after purchasing an additional 117 shares during the last quarter. Finally, Diligent Investors LLC raised its holdings in shares of RTX by 1.4% during the fourth quarter. Diligent Investors LLC now owns 8,781 shares of the company’s stock worth $739,000 after purchasing an additional 118 shares during the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

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.