RTX (NYSE:RTX) Rating Increased to Strong-Buy at BNP Paribas

BNP Paribas upgraded shares of RTX (NYSE:RTX) to a strong-buy rating in a research note issued to investors on Tuesday,Zacks.com reports.

RTX has been the subject of several other reports. Jefferies Financial Group reaffirmed a “hold” rating on shares of RTX in a report on Monday, July 21st. Sanford C. Bernstein raised their target price on shares of RTX from $157.00 to $181.00 and gave the stock a “market perform” rating in a report on Monday, October 6th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $170.00 target price (up from $165.00) on shares of RTX in a report on Wednesday, July 23rd. Wall Street Zen upgraded RTX from a “hold” rating to a “buy” rating in a research report on Saturday, October 25th. Finally, Barclays raised their price target on RTX from $130.00 to $153.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 29th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $180.44.

RTX Stock Performance

Shares of NYSE RTX traded up $2.60 during trading on Tuesday, reaching $176.37. The stock had a trading volume of 616,600 shares, compared to its average volume of 5,015,796. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 1.07. The stock has a market cap of $236.47 billion, a PE ratio of 36.21, a P/E/G ratio of 2.79 and a beta of 0.64. RTX has a one year low of $112.27 and a one year high of $181.31. The firm’s 50 day moving average price is $168.16 and its two-hundred day moving average price is $154.22.

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

RTX Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Friday, November 21st will be given a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 1.5%. The ex-dividend date is Friday, November 21st. RTX’s dividend payout ratio (DPR) is currently 55.85%.

Insider Buying and Selling at RTX

In related news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of RTX stock in a transaction dated Friday, October 24th. The shares were sold at an average price of $180.15, for a total transaction of $873,547.35. Following the sale, the executive vice president directly owned 59,556 shares in the company, valued at $10,729,013.40. The trade was a 7.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Shane G. Eddy sold 25,968 shares of the stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $159.79, for a total transaction of $4,149,426.72. The disclosure for this sale is available in the SEC filing. 0.15% of the stock is owned by insiders.

Institutional Trading of RTX

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in RTX by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 122,775,221 shares of the company’s stock valued at $20,543,978,000 after purchasing an additional 700,487 shares in the last quarter. State Street Corp lifted its holdings in shares of RTX by 0.5% in the second quarter. State Street Corp now owns 112,706,833 shares of the company’s stock valued at $16,457,452,000 after buying an additional 552,009 shares during the period. Capital Research Global Investors lifted its holdings in shares of RTX by 1.1% in the third quarter. Capital Research Global Investors now owns 76,197,762 shares of the company’s stock valued at $12,750,087,000 after buying an additional 799,155 shares during the period. Fisher Asset Management LLC boosted its stake in RTX by 2.8% during the third quarter. Fisher Asset Management LLC now owns 21,174,194 shares of the company’s stock valued at $3,543,078,000 after buying an additional 575,004 shares in the last quarter. Finally, Norges Bank acquired a new position in RTX during the second quarter worth about $2,359,602,000. 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.