RTX (NYSE:RTX) Upgraded at Deutsche Bank Aktiengesellschaft

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

A number of other brokerages also recently issued reports on RTX. StockNews.com upgraded RTX from a “hold” rating to a “buy” rating in a research report on Friday, September 6th. Barclays lifted their price target on shares of RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 29th. Morgan Stanley upped their price objective on shares of RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 23rd. Wells Fargo & Company upgraded shares of RTX from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 21st. Finally, Citigroup upped their price target 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. Six investment 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $178.67.

RTX Stock Down 0.1 %

Shares of RTX stock opened at $115.87 on Thursday. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.62. RTX has a twelve month low of $84.43 and a twelve month high of $128.70. The stock has a 50 day moving average of $118.87 and a 200 day moving average of $116.51. The stock has a market cap of $154.22 billion, a P/E ratio of 33.11, a P/E/G ratio of 2.08 and a beta of 0.80.

RTX (NYSE:RTX) last posted its earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.11. The firm had revenue of $20.09 billion during the quarter, compared to analysts’ expectations of $19.84 billion. RTX had a net margin of 5.97% and a return on equity of 11.96%. The business’s revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.25 EPS. As a group, sell-side analysts expect that RTX will post 5.56 EPS for the current year.

RTX Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Friday, November 15th were issued a dividend of $0.63 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.52 annualized dividend and a dividend yield of 2.17%. RTX’s dividend payout ratio is presently 72.00%.

Institutional Investors Weigh In On RTX

Several hedge funds and other institutional investors have recently bought and sold shares of RTX. First Citizens Financial Corp raised its position in shares of RTX by 4.9% during the 4th quarter. First Citizens Financial Corp now owns 3,777 shares of the company’s stock valued at $437,000 after buying an additional 175 shares during the period. Modus Advisors LLC purchased a new stake in RTX in the fourth quarter valued at $39,000. GAMMA Investing LLC lifted its stake in shares of RTX by 5.8% in the 4th quarter. GAMMA Investing LLC now owns 27,869 shares of the company’s stock valued at $3,225,000 after purchasing an additional 1,528 shares during the last quarter. Versant Capital Management Inc grew its holdings in shares of RTX by 39.5% during the 4th quarter. Versant Capital Management Inc now owns 3,227 shares of the company’s stock worth $373,000 after purchasing an additional 914 shares during the period. Finally, SK Wealth Management LLC acquired a new stake in shares of RTX during the 3rd quarter worth about $446,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

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.