RTX (NYSE:RTX) Stock Rating Upgraded by Argus

Argus upgraded shares of RTX (NYSE:RTX) from a hold rating to a buy rating in a research report sent to investors on Tuesday, MarketBeat.com reports.

A number of other research analysts have also issued reports on the company. Bank of America boosted their price target on RTX from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Deutsche Bank Aktiengesellschaft upgraded shares of RTX from a “hold” rating to a “buy” rating and increased their target price for the company from $131.00 to $140.00 in a research report on Thursday, January 2nd. Vertical Research upgraded shares of RTX to a “strong-buy” rating in a research report on Tuesday, January 28th. StockNews.com upgraded shares of RTX from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. Finally, Wells Fargo & Company boosted their target price on RTX from $151.00 to $156.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. Five research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, RTX has an average rating of “Moderate Buy” and a consensus price target of $163.07.

RTX Trading Up 0.6 %

NYSE:RTX opened at $129.01 on Tuesday. RTX has a 12-month low of $88.90 and a 12-month high of $132.43. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74. The business has a 50 day simple moving average of $120.40 and a 200 day simple moving average of $120.49. The firm has a market capitalization of $171.86 billion, a P/E ratio of 36.34, a P/E/G ratio of 2.17 and a beta of 0.82.

RTX (NYSE:RTX) last released its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 EPS for the quarter, topping the consensus estimate of $1.35 by $0.19. RTX had a net margin of 5.91% and a return on equity of 12.45%. Equities research analysts predict that RTX will post 6.11 EPS for the current year.

RTX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 21st will be paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.95%. The ex-dividend date is Friday, February 21st. RTX’s dividend payout ratio (DPR) is currently 70.99%.

Insiders Place Their Bets

In other news, EVP Dantaya M. Williams sold 14,031 shares of the business’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $129.23, for a total transaction of $1,813,226.13. Following the transaction, the executive vice president now directly owns 44,415 shares in the company, valued at $5,739,750.45. The trade was a 24.01 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.13% of the company’s stock.

Hedge Funds Weigh In On RTX

A number of hedge funds have recently added to or reduced their stakes in RTX. Signature Estate & Investment Advisors LLC boosted its holdings in shares of RTX by 4.1% during the 4th quarter. Signature Estate & Investment Advisors LLC now owns 7,689 shares of the company’s stock worth $890,000 after buying an additional 301 shares during the period. Heritage Wealth Management Inc. CA lifted its holdings in shares of RTX by 33.3% during the fourth quarter. Heritage Wealth Management Inc. CA now owns 3,508 shares of the company’s stock worth $406,000 after buying an additional 876 shares during the last quarter. Zions Bancorporation N.A. boosted its position in shares of RTX by 12.3% in the fourth quarter. Zions Bancorporation N.A. now owns 43,594 shares of the company’s stock valued at $5,045,000 after acquiring an additional 4,784 shares during the period. Princeton Capital Management LLC grew its stake in shares of RTX by 7.0% in the fourth quarter. Princeton Capital Management LLC now owns 2,512 shares of the company’s stock worth $291,000 after acquiring an additional 164 shares during the last quarter. Finally, Modern Wealth Management LLC raised its stake in RTX by 513.8% during the 4th quarter. Modern Wealth Management LLC now owns 42,046 shares of the company’s stock valued at $5,392,000 after purchasing an additional 35,196 shares during the last quarter. Institutional investors and hedge funds 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.