Robert W. Baird Boosts RTX (NYSE:RTX) Price Target to $115.00

RTX (NYSE:RTX) had its price target lifted by Robert W. Baird from $105.00 to $115.00 in a research report report published on Friday, Benzinga reports. The firm currently has a neutral rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. Citigroup lifted their price target on shares of RTX from $95.00 to $110.00 and gave the stock a neutral rating in a research report on Wednesday, April 24th. UBS Group upped their target price on shares of RTX from $103.00 to $105.00 and gave the company a neutral rating in a research report on Wednesday, April 24th. Susquehanna increased their price target on RTX from $110.00 to $119.00 and gave the company a positive rating in a research note on Wednesday, April 24th. Bank of America lifted their price objective on RTX from $100.00 to $110.00 and gave the stock a neutral rating in a research note on Wednesday, April 24th. Finally, StockNews.com raised RTX from a hold rating to a buy rating in a research note on Monday, July 15th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of Hold and a consensus target price of $148.59.

RTX Stock Performance

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

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

RTX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders 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 payout ratio is currently 98.82%.

Insider Transactions at RTX

In related news, insider Stephen J. Timm sold 19,880 shares of the business’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 approximately $15,757,566. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.13% of the stock is owned by insiders.

Institutional Trading of RTX

Institutional investors have recently modified their holdings of the company. Briaud Financial Planning Inc raised its position in RTX by 64.1% in the 2nd 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 last quarter. Lynx Investment Advisory acquired a new stake in shares of RTX in the second quarter valued at approximately $26,000. Bear Mountain Capital Inc. bought a new stake in shares of RTX in the fourth quarter worth $25,000. Planned Solutions Inc. acquired a new position in RTX during the fourth quarter worth $30,000. Finally, Alaska Permanent Fund Corp bought a new position in RTX in the first quarter valued at $42,000. 86.50% of the stock is currently owned by institutional investors.

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.