RTX (NYSE:RTX) Price Target Raised to $140.00 at Susquehanna

RTX (NYSE:RTX) had its price objective increased by Susquehanna from $119.00 to $140.00 in a research note issued to investors on Friday morning, Benzinga reports. The firm currently has a positive rating on the stock.

Several other brokerages have also recently issued reports on RTX. Wells Fargo & Company dropped their target price on shares of RTX from $491.00 to $467.00 and set an equal weight rating on the stock in a report on Wednesday, July 24th. Bank of America increased their price objective on shares of RTX from $100.00 to $110.00 and gave the company a neutral rating in a research note on Wednesday, April 24th. Robert W. Baird boosted their price objective on shares of RTX from $105.00 to $115.00 and gave the stock a neutral rating in a research note on Friday. Barclays increased their target price on RTX from $90.00 to $100.00 and gave the company an equal weight rating in a research report on Tuesday, April 30th. Finally, Melius Research lifted their price target on RTX from $490.00 to $493.00 in a report on Wednesday, July 24th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, RTX presently has an average rating of Hold and a consensus price target of $148.59.

RTX Stock Performance

RTX stock opened at $114.44 on Friday. RTX has a fifty-two week low of $68.56 and a fifty-two week high of $115.82. The company has a market capitalization of $152.23 billion, a PE ratio of 44.88, a P/E/G ratio of 2.02 and a beta of 0.82. The company has a 50 day moving average price of $104.65 and a 200-day moving average price of $98.60. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.73 and a current ratio of 0.99.

RTX (NYSE:RTX) last issued its earnings results on Thursday, July 25th. The company reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.11. RTX had a return on equity of 11.37% and a net margin of 3.12%. The business had revenue of $19.72 billion during the quarter, compared to analyst estimates of $19.29 billion. During the same period in the previous year, the company posted $1.29 EPS. RTX’s revenue was up 7.7% on a year-over-year basis. As a group, equities analysts forecast that RTX will post 5.42 earnings per share for the current year.

RTX Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Friday, August 16th will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date is Friday, August 16th. RTX’s dividend payout ratio (DPR) is presently 98.82%.

Insider Buying and Selling at RTX

In other RTX news, insider Stephen J. Timm sold 19,880 shares of the company’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $105.72, for a total value of $2,101,713.60. Following the sale, the insider now directly owns 149,050 shares of the company’s stock, valued at $15,757,566. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.13% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Capital Research Global Investors increased its holdings in shares of RTX by 4.2% during the 1st quarter. Capital Research Global Investors now owns 94,191,735 shares of the company’s stock valued at $9,186,520,000 after purchasing an additional 3,761,246 shares in the last quarter. Capital International Investors grew its position in RTX by 4.8% during the first quarter. Capital International Investors now owns 68,394,575 shares of the company’s stock valued at $6,670,523,000 after buying an additional 3,161,165 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in RTX by 82.7% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 15,309,688 shares of the company’s stock valued at $1,288,157,000 after buying an additional 6,932,011 shares in the last quarter. Clearbridge Investments LLC raised its position in shares of RTX by 2.0% in the first quarter. Clearbridge Investments LLC now owns 10,938,655 shares of the company’s stock worth $1,066,847,000 after acquiring an additional 213,331 shares during the period. Finally, Sanders Capital LLC boosted its stake in shares of RTX by 6.8% during the 4th quarter. Sanders Capital LLC now owns 10,674,438 shares of the company’s stock worth $898,147,000 after acquiring an additional 677,520 shares in the last quarter. 86.50% of the stock is owned by institutional investors and hedge funds.

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.