RTX (NYSE:RTX) Price Target Raised to $165.00 at Morgan Stanley

RTX (NYSE:RTX - Get Free Report) had its target price hoisted by equities research analysts at Morgan Stanley from $135.00 to $165.00 in a report released on Thursday,Benzinga reports. The firm currently has an "equal weight" rating on the stock. Morgan Stanley's target price would indicate a potential upside of 8.77% from the stock's previous close.

Several other analysts also recently commented on the company. Citigroup upped their price objective on RTX from $148.00 to $182.00 and gave the company a "buy" rating in a research note on Monday. Sanford C. Bernstein set a $154.00 price objective on RTX and gave the company a "market perform" rating in a research note on Friday, July 11th. Cowen reaffirmed a "buy" rating on shares of RTX in a research note on Friday, May 23rd. Robert W. Baird raised RTX from a "neutral" rating to an "outperform" rating and raised their price target for the company from $136.00 to $160.00 in a report on Wednesday, March 19th. Finally, Royal Bank Of Canada reduced their price target on RTX from $150.00 to $140.00 and set an "outperform" rating for the company in a report on Wednesday, April 23rd. Six investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, RTX presently has an average rating of "Moderate Buy" and an average price target of $164.28.

RTX Stock Performance

Shares of RTX stock traded up $1.53 on Thursday, hitting $151.70. The stock had a trading volume of 4,325,793 shares, compared to its average volume of 5,274,857. RTX has a 52-week low of $102.62 and a 52-week high of $151.97. The company has a current ratio of 1.01, a quick ratio of 0.75 and a debt-to-equity ratio of 0.60. The stock has a market cap of $202.66 billion, a price-to-earnings ratio of 44.49, a P/E/G ratio of 2.79 and a beta of 0.64. The company's 50 day moving average price is $140.89 and its 200 day moving average price is $131.23.

RTX (NYSE:RTX - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The company reported $1.47 EPS for the quarter, beating the consensus estimate of $1.35 by $0.12. The firm had revenue of $20.31 billion during the quarter, compared to the consensus estimate of $19.80 billion. RTX had a return on equity of 12.71% and a net margin of 5.63%. On average, research analysts anticipate that RTX will post 6.11 EPS for the current year.

Insider Buying and Selling at RTX

In related news, EVP Dantaya M. Williams sold 16,922 shares of RTX stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $137.62, for a total transaction of $2,328,805.64. Following the completion of the transaction, the executive vice president directly owned 16,538 shares of the company's stock, valued at approximately $2,275,959.56. The trade was a 50.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Amy L. Johnson sold 4,146 shares of the firm's stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $127.54, for a total value of $528,780.84. Following the transaction, the vice president directly owned 9,546 shares of the company's stock, valued at $1,217,496.84. The trade was a 30.28% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.15% of the company's stock.

Hedge Funds Weigh In On RTX

Hedge funds have recently bought and sold shares of the stock. Brighton Jones LLC grew its position in shares of RTX by 24.3% in the fourth quarter. Brighton Jones LLC now owns 17,018 shares of the company's stock valued at $1,969,000 after purchasing an additional 3,332 shares during the period. Revolve Wealth Partners LLC grew its position in shares of RTX by 3.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company's stock valued at $564,000 after purchasing an additional 159 shares during the period. Proficio Capital Partners LLC grew its position in shares of RTX by 65.5% in the fourth quarter. Proficio Capital Partners LLC now owns 9,015 shares of the company's stock valued at $1,043,000 after purchasing an additional 3,568 shares during the period. Brooklyn FI LLC purchased a new stake in shares of RTX in the fourth quarter valued at $533,000. Finally, OVERSEA CHINESE BANKING Corp Ltd purchased a new stake in shares of RTX in the fourth quarter valued at $240,000. Hedge funds and other institutional investors own 86.50% of the company's stock.

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.