RTX (NYSE:RTX) Downgraded by Wall Street Zen to Buy

Wall Street Zen downgraded shares of RTX (NYSE:RTX) from a strong-buy rating to a buy rating in a research note issued to investors on Sunday morning.

Several other brokerages also recently commented on RTX. Weiss Ratings reiterated a “buy (b)” rating on shares of RTX in a report on Friday, October 31st. Robert W. Baird set a $203.00 price objective on shares of RTX in a report on Wednesday, October 22nd. Bank of America lifted their target price on shares of RTX from $175.00 to $215.00 and gave the stock a “buy” rating in a report on Monday, October 27th. UBS Group upped their price target on shares of RTX from $197.00 to $202.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. Finally, BNP Paribas raised RTX to a “strong-buy” rating in a research report on Tuesday, November 18th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, RTX presently has an average rating of “Moderate Buy” and an average price target of $182.71.

RTX Stock Performance

Shares of RTX opened at $178.59 on Friday. The firm has a market cap of $239.45 billion, a price-to-earnings ratio of 36.67, a price-to-earnings-growth ratio of 2.83 and a beta of 0.44. The company’s fifty day moving average is $171.92 and its 200-day moving average is $159.18. The company has a quick ratio of 0.81, a current ratio of 1.07 and a debt-to-equity ratio of 0.58. RTX has a 12 month low of $112.27 and a 12 month high of $181.31.

RTX (NYSE:RTX) last posted its earnings results on Tuesday, October 21st. The company reported $1.70 EPS for the quarter, topping the consensus estimate of $1.41 by $0.29. RTX had a net margin of 7.67% and a return on equity of 13.28%. The firm had revenue of $22.48 billion for the quarter, compared to the consensus estimate of $21.26 billion. During the same period in the prior year, the business posted $1.45 earnings per share. The business’s quarterly revenue was up 11.9% on a year-over-year basis. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. Equities analysts expect that RTX will post 6.11 EPS for the current fiscal year.

RTX Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 11th. Investors of record on Friday, November 21st were given a dividend of $0.68 per share. The ex-dividend date of this dividend was Friday, November 21st. This represents a $2.72 dividend on an annualized basis and a yield of 1.5%. RTX’s dividend payout ratio (DPR) is 55.85%.

Insider Buying and Selling

In other RTX news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the firm’s stock in a transaction that occurred on Friday, October 24th. The stock was sold at an average price of $180.15, for a total value of $873,547.35. Following the completion of the sale, the executive vice president owned 59,556 shares in the company, valued at approximately $10,729,013.40. This trade represents a 7.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.15% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of RTX. Brighton Jones LLC raised its position in RTX by 24.3% in the fourth quarter. Brighton Jones LLC now owns 17,018 shares of the company’s stock worth $1,969,000 after purchasing an additional 3,332 shares in the last quarter. Revolve Wealth Partners LLC grew its stake in shares of RTX by 3.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company’s stock valued at $564,000 after purchasing an additional 159 shares during the period. Boston Family Office LLC raised its holdings in shares of RTX by 40.5% in the 1st quarter. Boston Family Office LLC now owns 12,913 shares of the company’s stock worth $1,710,000 after buying an additional 3,722 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its position in shares of RTX by 4.7% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 189,894 shares of the company’s stock worth $25,153,000 after buying an additional 8,476 shares during the period. Finally, Corient IA LLC bought a new position in shares of RTX during the 1st quarter worth approximately $397,000. 86.50% of the stock is 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.