RTX Corporation (NYSE:RTX – Get Free Report) was up 2.1% on Thursday following a dividend announcement from the company. The stock traded as high as $202.00 and last traded at $199.99. 11,630,825 shares traded hands during mid-day trading, an increase of 116% from the average session volume of 5,390,512 shares. The stock had previously closed at $195.84.
The newly announced dividend which will be paid on Thursday, December 10th. Shareholders of record on Friday, November 20th will be given a dividend of $0.73 per share. The ex-dividend date of this dividend is Friday, November 20th. This represents a $2.92 annualized dividend and a yield of 1.5%. RTX’s dividend payout ratio is presently 47.40%.
Analyst Ratings Changes
A number of equities analysts have issued reports on RTX shares. Wells Fargo & Company boosted their price objective on shares of RTX from $200.00 to $230.00 and gave the company an “equal weight” rating in a research report on Friday, July 24th. Rothschild & Co Redburn increased their target price on shares of RTX from $180.00 to $215.00 and gave the stock a “neutral” rating in a report on Wednesday, July 29th. Weiss Ratings upgraded shares of RTX from a “buy (b)” rating to a “buy (a-)” rating in a report on Thursday, October 22nd. The Goldman Sachs Group upped their price target on RTX from $195.00 to $206.00 and gave the company a “neutral” rating in a research report on Monday, July 27th. Finally, Royal Bank Of Canada lowered their price target on RTX from $250.00 to $235.00 and set an “outperform” rating for the company in a research report on Thursday, October 15th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $228.86.
RTX Stock Performance
The company’s 50-day moving average price is $194.81 and its 200 day moving average price is $195.55. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.81 and a current ratio of 1.05. The stock has a market capitalization of $270.01 billion, a PE ratio of 32.48, a PEG ratio of 2.22 and a beta of 0.31.
RTX (NYSE:RTX – Get Free Report) last announced its quarterly earnings results on Tuesday, October 20th. The company reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.48. RTX had a net margin of 8.75% and a return on equity of 14.89%. The company had revenue of $24.96 billion for the quarter, compared to analysts’ expectations of $24.11 billion. During the same quarter in the previous year, the company earned $1.70 earnings per share. RTX’s quarterly revenue was up 11.1% on a year-over-year basis. On average, equities research analysts expect that RTX Corporation will post 7.67 earnings per share for the current fiscal year.
Key RTX News
Here are the key news stories impacting RTX this week:
- Positive Sentiment: Quarterly dividend maintained: RTX’s board declared a cash dividend of $0.73 per share, payable December 10, 2026, to shareholders of record on November 20. The payment equates to $2.92 annually and a yield of approximately 1.4%, reinforcing the company’s shareholder-return profile. RTX Board of Directors Declares Quarterly Cash Dividend
- Positive Sentiment: Improving fundamental outlook: Recent coverage highlights RTX’s third-quarter revenue and earnings beat, raised guidance, record backlog, and signs of recovering commercial aerospace demand. The stronger outlook has helped shares recover recently, although the stock remains below its 52-week high. RTX Could Be 14% Undervalued As Raised Guidance Lifts The Valuation Case
- Positive Sentiment: Analyst sentiment remains favorable: The average brokerage recommendation for RTX is equivalent to a Buy. While analyst ratings should be interpreted cautiously, the consensus can provide near-term support for the stock. Is It Worth Investing in RTX Based on Wall Street’s Bullish Views?
- Neutral Sentiment: Valuation remains a consideration: RTX trades at a relatively elevated earnings multiple following its recovery, so further gains may depend on continued execution, aerospace-market improvement, and delivery against raised guidance. The dividend is supportive but modest at roughly 1.4%.
Insider Buying and Selling at RTX
In related news, EVP Ramsaran Maharajh sold 13,655 shares of the company’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $223.92, for a total value of $3,057,627.60. Following the sale, the executive vice president directly owned 13,184 shares of the company’s stock, valued at $2,952,161.28. This represents a 50.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.10% of the stock is owned by corporate insiders.
Institutional Trading of RTX
A number of hedge funds have recently modified their holdings of the business. Montz Harcus Wealth Management LLC boosted its holdings in shares of RTX by 3.2% during the second quarter. Montz Harcus Wealth Management LLC now owns 1,641 shares of the company’s stock worth $311,000 after purchasing an additional 51 shares during the period. IMG Wealth Management Inc. increased its stake in shares of RTX by 5.7% in the third quarter. IMG Wealth Management Inc. now owns 958 shares of the company’s stock worth $178,000 after acquiring an additional 52 shares during the last quarter. Safeguard Investment Advisory Group LLC increased its stake in shares of RTX by 2.4% in the second quarter. Safeguard Investment Advisory Group LLC now owns 2,269 shares of the company’s stock worth $430,000 after acquiring an additional 53 shares during the last quarter. Global View Capital Management LLC raised its holdings in shares of RTX by 4.0% during the third quarter. Global View Capital Management LLC now owns 1,373 shares of the company’s stock worth $255,000 after acquiring an additional 53 shares in the last quarter. Finally, Investment Research Partners LLC raised its holdings in shares of RTX by 2.3% during the third quarter. Investment Research Partners LLC now owns 2,502 shares of the company’s stock worth $464,000 after acquiring an additional 56 shares in the last quarter. Institutional investors own 86.50% of the company’s stock.
RTX Company Profile
RTX Corporation (NYSE: RTX) is an aerospace and defense company that develops and manufactures products and systems for commercial aviation, business aviation, military aircraft and government customers. Its portfolio includes aircraft engines, avionics, flight-control systems, cabin interiors, communications equipment, air and missile defense systems, precision weapons, radars and advanced sensors.
The company operates through three principal businesses: Collins Aerospace, which supplies aerospace systems and components; Pratt & Whitney, which designs and produces aircraft engines and related services; and Raytheon, which provides defense and intelligence technologies.
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