RTX Co. (NYSE:RTX) Given Average Rating of “Hold” by Brokerages

Shares of RTX Co. (NYSE:RTX) have received an average rating of “Hold” from the fourteen ratings firms that are currently covering the stock, MarketBeat.com reports. Nine investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $177.27.

Several research firms have commented on RTX. Morgan Stanley boosted their price target on shares of RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 23rd. StockNews.com raised RTX from a “hold” rating to a “buy” rating in a research report on Friday, September 6th. Bank of America upgraded shares of RTX from a “neutral” rating to a “buy” rating and upped their target price for the stock from $110.00 to $140.00 in a research note on Wednesday, July 31st. TD Cowen upgraded shares of RTX to a “strong-buy” rating in a research note on Tuesday, October 8th. Finally, Robert W. Baird increased 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.

RTX Stock Down 0.4 %

Shares of NYSE RTX opened at $118.94 on Friday. RTX has a 52-week low of $78.00 and a 52-week high of $128.70. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 0.62. The business’s 50 day moving average is $122.13 and its two-hundred day moving average is $113.81. The firm has a market cap of $158.31 billion, a price-to-earnings ratio of 33.98, a PEG ratio of 2.10 and a beta of 0.82.

RTX (NYSE:RTX) last released its earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.11. The company had revenue of $20.09 billion during the quarter, compared to the consensus estimate of $19.84 billion. RTX had a return on equity of 11.96% and a net margin of 5.97%. RTX’s revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.25 EPS. Research analysts predict that RTX will post 5.56 EPS for the current year.

RTX Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Friday, November 15th will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date of this dividend is Friday, November 15th. RTX’s dividend payout ratio is currently 72.00%.

Hedge Funds Weigh In On RTX

A number of hedge funds have recently modified their holdings of the business. Soltis Investment Advisors LLC boosted its stake in RTX by 7.1% during the 3rd quarter. Soltis Investment Advisors LLC now owns 15,170 shares of the company’s stock worth $1,838,000 after purchasing an additional 1,002 shares during the period. TD Private Client Wealth LLC raised its holdings in shares of RTX by 1.7% in the third quarter. TD Private Client Wealth LLC now owns 51,261 shares of the company’s stock valued at $6,211,000 after buying an additional 842 shares during the last quarter. Neo Ivy Capital Management acquired a new stake in shares of RTX during the third quarter worth about $1,690,000. Coldstream Capital Management Inc. grew its holdings in shares of RTX by 5.6% during the third quarter. Coldstream Capital Management Inc. now owns 29,015 shares of the company’s stock worth $3,519,000 after buying an additional 1,531 shares during the last quarter. Finally, Strait & Sound Wealth Management LLC increased its position in RTX by 49.1% in the 3rd quarter. Strait & Sound Wealth Management LLC now owns 6,465 shares of the company’s stock valued at $783,000 after acquiring an additional 2,130 shares during the period. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

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.