RTX (NYSE:RTX – Free Report) had its target price boosted by The Goldman Sachs Group from $114.00 to $126.00 in a report issued on Monday,Benzinga reports. They currently have a neutral rating on the stock.
Other research analysts also recently issued research reports about the company. UBS Group increased their price target on RTX from $133.00 to $138.00 and gave the company a “buy” rating in a report on Wednesday, April 23rd. Wells Fargo & Company increased their target price on RTX from $136.00 to $144.00 and gave the company an “overweight” rating in a research note on Tuesday, April 15th. Wall Street Zen downgraded shares of RTX from a “buy” rating to a “hold” rating in a research report on Saturday. Citigroup cut their price target on shares of RTX from $153.00 to $148.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. Finally, Susquehanna decreased their price objective on shares of RTX from $147.00 to $140.00 and set a “positive” rating for the company in a report on Wednesday, April 23rd. Four research analysts have rated the stock with a hold rating, fourteen have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, RTX presently has a consensus rating of “Moderate Buy” and an average target price of $161.12.
View Our Latest Stock Report on RTX
RTX Trading Down 0.5%
RTX (NYSE:RTX – Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $1.47 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.12. The firm had revenue of $20.31 billion for the quarter, compared to analyst estimates of $19.80 billion. RTX had a net margin of 5.63% and a return on equity of 12.71%. Equities research analysts predict that RTX will post 6.11 EPS for the current fiscal year.
RTX Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 12th. Shareholders of record on Friday, May 23rd were issued a $0.68 dividend. The ex-dividend date was Friday, May 23rd. This represents a $2.72 dividend on an annualized basis and a yield of 1.86%. This is a boost from RTX’s previous quarterly dividend of $0.63. RTX’s dividend payout ratio (DPR) is currently 79.77%.
Insider Buying and Selling at RTX
In related news, EVP Dantaya M. Williams sold 16,922 shares of RTX stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $137.62, for a total value of $2,328,805.64. Following the sale, the executive vice president now directly owns 16,538 shares in the company, valued at $2,275,959.56. This trade represents a 50.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Amy L. Johnson sold 4,146 shares of the business’s stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $127.54, for a total transaction of $528,780.84. Following the transaction, the vice president now directly owns 9,546 shares of the company’s stock, valued at $1,217,496.84. The trade was a 30.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.15% of the stock is currently owned by insiders.
Institutional Investors Weigh In On RTX
A number of hedge funds have recently made changes to their positions in the business. LaFleur & Godfrey LLC increased its holdings in shares of RTX by 0.5% during the fourth quarter. LaFleur & Godfrey LLC now owns 178,191 shares of the company’s stock valued at $20,620,000 after purchasing an additional 900 shares during the period. Brighton Jones LLC grew its position in RTX by 24.3% in the 4th quarter. Brighton Jones LLC now owns 17,018 shares of the company’s stock valued at $1,969,000 after buying an additional 3,332 shares in the last quarter. Revolve Wealth Partners LLC increased its stake in RTX by 3.4% during the 4th 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. TCW Group Inc. raised its position in shares of RTX by 2.6% during the 4th quarter. TCW Group Inc. now owns 18,626 shares of the company’s stock worth $2,155,000 after buying an additional 465 shares in the last quarter. Finally, Wealthspire Advisors LLC lifted its stake in shares of RTX by 7.2% in the 4th quarter. Wealthspire Advisors LLC now owns 17,067 shares of the company’s stock worth $1,975,000 after acquiring an additional 1,153 shares during the period. 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.
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