RTX (NYSE:RTX) Shares Up 2.1% After Dividend Announcement

RTX Corporation (NYSE:RTX) rose 2.1% during trading on Thursday after the company announced a dividend. The stock traded as high as $202.00 and last traded at $199.99. 11,630,825 shares traded hands during mid-day trading, an increase of 116% from the average daily volume of 5,390,512 shares. The stock had previously closed at $195.84.

The newly announced dividend which will be paid on Thursday, December 10th. Stockholders of record on Friday, November 20th will be issued a dividend of $0.73 per share. The ex-dividend date of this dividend is Friday, November 20th. This represents a $2.92 annualized dividend and a dividend yield of 1.5%. RTX’s dividend payout ratio is 47.40%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on RTX shares. Barclays increased their price target on RTX from $223.00 to $235.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 21st. TD Cowen reduced their price objective on RTX from $240.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, October 9th. Royal Bank Of Canada lowered their price objective on RTX from $250.00 to $235.00 and set an “outperform” rating for the company in a research note on Thursday, October 15th. Deutsche Bank Aktiengesellschaft lowered RTX from a “buy” rating to a “hold” rating and set a $208.00 target price on the stock. in a research report on Tuesday, October 13th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $240.00 target price (up from $220.00) on shares of RTX in a research note on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $228.86.

RTX Stock Up 0.3%

The firm’s 50 day simple moving average is $194.81 and its 200 day simple moving average is $195.55. The company has a market cap of $270.01 billion, a price-to-earnings ratio of 32.48, a price-to-earnings-growth ratio of 2.22 and a beta of 0.31. The company has a quick ratio of 0.81, a current ratio of 1.05 and a debt-to-equity ratio of 0.44.

RTX (NYSE:RTX) last issued its quarterly earnings data on Tuesday, October 20th. The company reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.48. RTX had a return on equity of 14.89% and a net margin of 8.75%. The business had revenue of $24.96 billion during the quarter, compared to the consensus estimate of $24.11 billion. During the same period in the previous year, the firm posted $1.70 earnings per share. The business’s revenue was up 11.1% on a year-over-year basis. Sell-side analysts anticipate that RTX Corporation will post 7.67 EPS for the current fiscal year.

Trending Headlines about RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Quarterly dividend maintained: RTX’s board declared a cash dividend of $0.73 per share, payable December 10, 2026, to shareholders of record on November 20. The payment equates to $2.92 annually and a yield of approximately 1.4%, reinforcing the company’s shareholder-return profile. RTX Board of Directors Declares Quarterly Cash Dividend
• Positive Sentiment: Improving fundamental outlook: Recent coverage highlights RTX’s third-quarter revenue and earnings beat, raised guidance, record backlog, and signs of recovering commercial aerospace demand. The stronger outlook has helped shares recover recently, although the stock remains below its 52-week high. RTX Could Be 14% Undervalued As Raised Guidance Lifts The Valuation Case
• Positive Sentiment: Analyst sentiment remains favorable: The average brokerage recommendation for RTX is equivalent to a Buy. While analyst ratings should be interpreted cautiously, the consensus can provide near-term support for the stock. Is It Worth Investing in RTX Based on Wall Street’s Bullish Views?
• Neutral Sentiment: Valuation remains a consideration: RTX trades at a relatively elevated earnings multiple following its recovery, so further gains may depend on continued execution, aerospace-market improvement, and delivery against raised guidance. The dividend is supportive but modest at roughly 1.4%.

Insider Activity

In other news, EVP Ramsaran Maharajh sold 13,655 shares of the firm’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $223.92, for a total transaction of $3,057,627.60. Following the transaction, the executive vice president directly owned 13,184 shares of the company’s stock, valued at approximately $2,952,161.28. This trade represents a 50.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.10% of the company’s stock.

Hedge Funds Weigh In On RTX

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. acquired a new position in shares of RTX in the 2nd quarter worth approximately $20,970,571,000. Bank of New York Mellon Corp acquired a new stake in RTX in the 2nd quarter valued at $1,456,256,000. Legal & General Group Plc acquired a new stake in RTX in the 2nd quarter valued at $1,267,256,000. Deutsche Bank AG acquired a new stake in RTX in the 2nd quarter valued at $725,900,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in RTX in the second quarter valued at $636,932,000. Institutional investors own 86.50% of the company’s stock.

RTX Company Profile

RTX Corporation (NYSE: RTX) is an aerospace and defense company that develops and manufactures products and systems for commercial aviation, business aviation, military aircraft and government customers. Its portfolio includes aircraft engines, avionics, flight-control systems, cabin interiors, communications equipment, air and missile defense systems, precision weapons, radars and advanced sensors.

The company operates through three principal businesses: Collins Aerospace, which supplies aerospace systems and components; Pratt & Whitney, which designs and produces aircraft engines and related services; and Raytheon, which provides defense and intelligence technologies.