If You Invested $10,000 In RTX Stock 10 Years Ago, How Much Would You Have Now?

RTX Corporation RTX is an aerospace and defense company that provides systems and services for commercial, military and government customers in the United States and internationally.

The company is set to report its Q4 2024 earnings on Jan. 21, 2025. Wall Street analysts expect the company to post an EPS of $1.38, up from $1.29 in the year-ago period. According to Benzinga Pro, quarterly revenue is expected to reach $20.56 billion, up from $19.82 billion in the previous year.

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If You Bought RTX Stock 10 Years Ago

The company's stock traded at approximately $67.26 per share 10 years ago. If you had invested $10,000, you could have bought roughly 149 shares. Currently, shares trade at $118, meaning your investment's value could have grown to $17,544 from stock price appreciation alone. Additionally, RTX paid dividends during these 10 years. 

RTX's dividend yield is currently 2.14%. Over the last 10 years, it has paid about $38.08 in dividends per share, which means you could have made $5,661 from dividends alone. 

Summing up $17,544 and $5,661, the final value of your investment would be $23,205. This is how much you could have made if you had invested $10,000 in RTX stock 10 years ago. This means a total return of 132.05%. However, this figure is significantly lower than the S&P 500 total return for the same period, which is 219.56%.

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What Could The Next 10 Years Bring? 

RTX has a consensus rating of "Neutral" and a price target of $125.33 based on the ratings of 20 analysts. The price target implies a more than 6% potential upside from the current stock price.

On Oct. 22, RTX announced its Q3 2024 earnings, posting adjusted net sales of $20.089 billion, beating the consensus estimate of $19.848 billion, as reported by Benzinga. Adjusted EPS grew 16% to $1.45, above the consensus of $1.34.

At the end of the quarter, the backlog was $221 billion, of which $131 billion was from commercial aerospace and $90 billion was from defense.

RTX expects full-year adjusted sales of $79.25 billion –$79.75 billion (prior $78.75 billion –$79.5 billion) versus the consensus of $78.501 billion.

The company raised its adjusted EPS outlook to $5.50-$5.58 (prior $5.35-$5.45), versus the consensus of $5.47.

Given just a 6% expected upside potential, growth-focused investors may not find RTX stock attractive. On the contrary, the stock can be a good option for income-focused investors who benefit from the company's solid dividend yield of 2.14%.

Check out this article by Benzinga for three more stocks that offer high dividend yields. 

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