Analysts’ Weekly Ratings Updates for RTX (RTX)

Several brokerages have updated their recommendations and price targets on shares of RTX (NYSE: RTX) in the last few weeks:

• 10/29/2024 – RTX had its price target raised by analysts at Barclays PLC from $108.00 to $130.00. They now have an “equal weight” rating on the stock.
• 10/23/2024 – RTX had its price target raised by analysts at Royal Bank of Canada from $115.00 to $130.00. They now have a “sector perform” rating on the stock.
• 10/23/2024 – RTX had its price target raised by analysts at Susquehanna from $140.00 to $150.00. They now have a “positive” rating on the stock.
• 10/23/2024 – RTX had its price target raised by analysts at UBS Group AG from $126.00 to $133.00. They now have a “neutral” rating on the stock.
• 10/23/2024 – RTX had its price target raised by analysts at Morgan Stanley from $120.00 to $130.00. They now have an “equal weight” rating on the stock.
• 10/10/2024 – RTX had its price target raised by analysts at Citigroup Inc. from $122.00 to $132.00. They now have a “neutral” rating on the stock.
• 10/8/2024 – RTX was upgraded by analysts at TD Cowen to a “strong-buy” rating.
• 10/3/2024 – RTX was upgraded by analysts at Deutsche Bank Aktiengesellschaft from a “sell” rating to a “hold” rating. They now have a $129.00 price target on the stock, up previously from $109.00.
• 9/6/2024 – RTX was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.

RTX Trading Down 0.6 %

NYSE RTX opened at $118.00 on Tuesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.99 and a quick ratio of 0.73. The firm’s fifty day moving average price is $122.13 and its 200 day moving average price is $112.17. The company has a market capitalization of $157.06 billion, a price-to-earnings ratio of 33.71, a price-to-earnings-growth ratio of 2.14 and a beta of 0.82. RTX Co. has a 12 month low of $78.00 and a 12 month high of $128.70.

RTX (NYSE:RTX) last issued its quarterly earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.11. The firm had revenue of $20.09 billion during the quarter, compared to analysts’ expectations of $19.84 billion. RTX had a net margin of 5.97% and a return on equity of 11.96%. RTX’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.25 EPS. On average, sell-side analysts expect that RTX Co. will post 5.56 earnings per share for the current fiscal year.

RTX Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Friday, November 15th will be paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date of this dividend is Friday, November 15th. RTX’s dividend payout ratio is currently 72.00%.

Institutional Trading of RTX

Large investors have recently bought and sold shares of the business. Manning & Napier Advisors LLC acquired a new stake in RTX during the 2nd quarter worth $30,837,000. O Shaughnessy Asset Management LLC lifted its stake in shares of RTX by 126.9% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 175,682 shares of the company’s stock worth $17,134,000 after acquiring an additional 98,248 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of RTX by 16.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 78,994 shares of the company’s stock worth $9,510,000 after acquiring an additional 11,354 shares during the period. Cetera Investment Advisers lifted its stake in shares of RTX by 174.0% in the 1st quarter. Cetera Investment Advisers now owns 365,483 shares of the company’s stock worth $35,646,000 after acquiring an additional 232,103 shares during the period. Finally, Susquehanna International Securities Ltd. acquired a new stake in shares of RTX in the 2nd quarter worth $602,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

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.