RTX (NYSE:RTX) Rating Increased to Buy at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft upgraded shares of RTX (NYSE:RTX) from a hold rating to a buy rating in a research report report published on Thursday, Marketbeat reports. They currently have $140.00 price target on the stock, up from their prior price target of $131.00.

Other analysts also recently issued research reports about the stock. Wells Fargo & Company upgraded shares of RTX from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 21st. Citigroup lifted their target price on shares of RTX from $122.00 to $132.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. UBS Group boosted their target price on RTX from $126.00 to $133.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Susquehanna lifted their price target on RTX from $140.00 to $150.00 and gave the stock a “positive” rating in a report on Wednesday, October 23rd. Finally, Royal Bank of Canada raised RTX from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from $130.00 to $140.00 in a research report on Thursday, December 19th. Six research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $178.67.

RTX Price Performance

Shares of NYSE RTX opened at $116.01 on Thursday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 0.99. The firm’s 50-day simple moving average is $119.05 and its 200 day simple moving average is $116.35. The stock has a market cap of $154.41 billion, a price-to-earnings ratio of 33.15, a PEG ratio of 2.08 and a beta of 0.80. RTX has a fifty-two week low of $84.43 and a fifty-two week high of $128.70.

RTX (NYSE:RTX) last posted its earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.11. The company had revenue of $20.09 billion for the quarter, compared to analyst estimates of $19.84 billion. RTX had a return on equity of 11.96% and a net margin of 5.97%. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter last year, the company earned $1.25 earnings per share. As a group, research analysts anticipate that RTX will post 5.56 earnings per share for the current fiscal year.

RTX Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Friday, November 15th were given a $0.63 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.17%. RTX’s dividend payout ratio (DPR) is currently 72.00%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. MidAtlantic Capital Management Inc. purchased a new position in RTX in the 3rd quarter worth $29,000. Fairfield Financial Advisors LTD bought a new position in shares of RTX during the second quarter valued at approximately $41,000. Western Pacific Wealth Management LP purchased a new position in shares of RTX in the 3rd quarter worth about $41,000. Kimelman & Baird LLC bought a new position in RTX in the 2nd quarter valued at approximately $46,000. Finally, ORG Wealth Partners LLC purchased a new stake in shares of RTX during the 3rd quarter valued at about $50,000. 86.50% of the stock is currently owned by institutional investors.

About RTX

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.