RTX (NYSE:RTX) Price Target Increased to $130.00 by Analysts at Morgan Stanley

RTX (NYSE:RTX) had its price target raised by Morgan Stanley from $120.00 to $130.00 in a report issued on Wednesday morning, Benzinga reports. They currently have an equal weight rating on the stock.

RTX has been the subject of a number of other reports. Alembic Global Advisors upgraded RTX from a “neutral” rating to an “overweight” rating and set a $134.00 target price for the company in a research note on Tuesday, July 30th. The Goldman Sachs Group upped their target price on RTX from $94.00 to $104.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Robert W. Baird upped their target price on RTX from $105.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, July 26th. StockNews.com upgraded RTX from a “hold” rating to a “buy” rating in a research note on Friday, September 6th. Finally, Royal Bank of Canada upped their target price on RTX from $102.00 to $115.00 and gave the company a “sector perform” rating in a research note on Friday, July 26th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, RTX presently has an average rating of “Hold” and a consensus target price of $168.56.

RTX Stock Down 0.0 %

Shares of RTX stock opened at $125.16 on Wednesday. RTX has a 12 month low of $77.76 and a 12 month high of $128.70. The firm has a market cap of $166.40 billion, a PE ratio of 49.08, a price-to-earnings-growth ratio of 2.21 and a beta of 0.82. The stock has a 50 day moving average of $121.74 and a 200-day moving average of $111.35. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 0.62.

RTX (NYSE:RTX) last issued its quarterly earnings results on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.11. RTX had a return on equity of 11.96% and a net margin of 5.97%. The company had revenue of $20.09 billion during the quarter, compared to analyst estimates of $19.84 billion. During the same period in the previous year, the company earned $1.25 earnings per share. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. On average, equities analysts predict that RTX will post 5.5 EPS for the current year.

RTX Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 2.01%. The ex-dividend date is Friday, November 15th. RTX’s payout ratio is presently 98.82%.

Insider Transactions at RTX

In other news, VP Amy L. Johnson sold 6,734 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $113.88, for a total transaction of $766,867.92. Following the sale, the vice president now owns 12,318 shares in the company, valued at approximately $1,402,773.84. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Christopher T. Calio sold 4,235 shares of the firm’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $114.00, for a total value of $482,790.00. Following the transaction, the chief executive officer now owns 88,509 shares in the company, valued at $10,090,026. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Amy L. Johnson sold 6,734 shares of the firm’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $113.88, for a total value of $766,867.92. Following the completion of the transaction, the vice president now owns 12,318 shares in the company, valued at approximately $1,402,773.84. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 145,856 shares of company stock worth $17,131,253. Insiders own 0.13% of the company’s stock.

Hedge Funds Weigh In On RTX

Several hedge funds have recently added to or reduced their stakes in the company. Briaud Financial Planning Inc lifted its stake in RTX by 64.1% in the second quarter. Briaud Financial Planning Inc now owns 256 shares of the company’s stock valued at $25,000 after buying an additional 100 shares during the period. Lynx Investment Advisory acquired a new position in RTX in the second quarter valued at about $26,000. Mizuho Securities Co. Ltd. acquired a new position in RTX in the second quarter valued at about $32,000. Fairfield Financial Advisors LTD acquired a new position in RTX in the second quarter valued at about $41,000. Finally, Stephens Consulting LLC lifted its stake in RTX by 34.1% in the second quarter. Stephens Consulting LLC now owns 448 shares of the company’s stock valued at $45,000 after buying an additional 114 shares during the period. Institutional investors own 86.50% of the company’s stock.

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.