Susquehanna Boosts RTX (NYSE:RTX) Price Target to $119.00

RTX (NYSE:RTX) had its price objective increased by Susquehanna from $110.00 to $119.00 in a research note released on Wednesday, Benzinga reports. They currently have a positive rating on the stock.

A number of other research firms also recently issued reports on RTX. UBS Group lifted their price objective on shares of RTX from $93.00 to $96.00 and gave the stock a neutral rating in a report on Wednesday, January 24th. TD Cowen boosted their price target on shares of RTX from $106.00 to $115.00 and gave the stock an outperform rating in a report on Tuesday, March 19th. Royal Bank of Canada boosted their price target on shares of RTX from $82.00 to $88.00 and gave the stock a sector perform rating in a report on Monday, January 22nd. Robert W. Baird upped their price objective on shares of RTX from $94.00 to $105.00 and gave the company a neutral rating in a report on Monday, April 8th. Finally, TheStreet upgraded RTX from a c rating to a b- rating in a research report on Tuesday, January 23rd. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, RTX presently has a consensus rating of Hold and a consensus price target of $96.27.

RTX Stock Performance

Shares of RTX stock opened at $101.40 on Wednesday. The firm has a market capitalization of $134.81 billion, a PE ratio of 39.76, a price-to-earnings-growth ratio of 1.84 and a beta of 0.88. The firm has a fifty day simple moving average of $95.57 and a two-hundred day simple moving average of $87.51. The company has a current ratio of 1.07, a quick ratio of 0.78 and a debt-to-equity ratio of 0.68. RTX has a 12 month low of $68.56 and a 12 month high of $103.89.

RTX (NYSE:RTX) last announced its quarterly earnings results on Tuesday, April 23rd. The company reported $1.34 EPS for the quarter, beating analysts’ consensus estimates of $1.23 by $0.11. The business had revenue of $19.30 billion during the quarter, compared to analyst estimates of $18.44 billion. RTX had a net margin of 4.90% and a return on equity of 10.81%. RTX’s quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.22 EPS. Analysts forecast that RTX will post 5.4 EPS for the current fiscal year.

RTX Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Friday, February 23rd were given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date of this dividend was Thursday, February 22nd. RTX’s payout ratio is currently 92.55%.

Insider Buying and Selling at RTX

In other RTX news, CFO Neil G. Mitchill, Jr. sold 1,545 shares of the stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $92.36, for a total transaction of $142,696.20. Following the transaction, the chief financial officer now directly owns 49,894 shares in the company, valued at $4,608,209.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Neil G. Mitchill, Jr. sold 1,545 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $92.36, for a total value of $142,696.20. Following the transaction, the chief financial officer now owns 49,894 shares in the company, valued at $4,608,209.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Christopher T. Calio sold 367 shares of the firm’s stock in a transaction that occurred 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 owns 56,707 shares in the company, valued at approximately $5,252,769.41. The disclosure for this sale can be found here. Insiders have sold 37,785 shares of company stock worth $3,448,188 over the last ninety days. Insiders own 0.13% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in RTX. Bear Mountain Capital Inc. bought a new position in shares of RTX in the fourth quarter worth approximately $25,000. Strengthening Families & Communities LLC bought a new stake in RTX in the third quarter valued at $28,000. Planned Solutions Inc. bought a new stake in RTX in the fourth quarter valued at $30,000. Financial Gravity Asset Management Inc. boosted its holdings in RTX by 352.0% in the third quarter. Financial Gravity Asset Management Inc. now owns 443 shares of the company’s stock valued at $32,000 after acquiring an additional 345 shares in the last quarter. Finally, Valley National Advisers Inc. boosted its holdings in RTX by 37.4% in the third quarter. Valley National Advisers Inc. now owns 467 shares of the company’s stock valued at $34,000 after acquiring an additional 127 shares in the last quarter. 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.