RTX (NYSE:RTX) Given New $181.00 Price Target at Sanford C. Bernstein

Key Points

• Sanford C. Bernstein has raised its price target for RTX from $157.00 to $181.00, indicating a potential upside of 8.56% from the current stock price.
• Multiple analysts have recently upgraded their ratings on RTX; for instance, Morgan Stanley set their target at $180.00 with an "overweight" rating.
• RTX reported earnings of $1.56 EPS for the last quarter, surpassing analyst expectations and showing a 9.4% year-over-year revenue growth.

RTX (NYSE:RTX - Get Free Report) had its price objective upped by analysts at Sanford C. Bernstein from $157.00 to $181.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has a "market perform" rating on the stock. Sanford C. Bernstein's price objective suggests a potential upside of 8.56% from the company's current price.

Other analysts also recently issued research reports about the stock. Morgan Stanley raised their price objective on shares of RTX from $165.00 to $180.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. Royal Bank Of Canada restated an "outperform" rating and set a $170.00 price target (up previously from $165.00) on shares of RTX in a research note on Wednesday, July 23rd. Wall Street Zen cut shares of RTX from a "buy" rating to a "hold" rating in a report on Saturday, June 21st. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of RTX in a research report on Saturday, September 27th. Finally, JPMorgan Chase & Co. lifted their price objective on RTX from $145.00 to $175.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, RTX currently has a consensus rating of "Moderate Buy" and a consensus price target of $160.47.

RTX Stock Up 0.1%

RTX stock opened at $166.73 on Monday. The firm has a market capitalization of $223.18 billion, a PE ratio of 36.64, a P/E/G ratio of 3.07 and a beta of 0.66. The company has a quick ratio of 0.75, a current ratio of 1.01 and a debt-to-equity ratio of 0.60. RTX has a twelve month low of $112.27 and a twelve month high of $168.28. The stock's 50 day moving average is $158.18 and its 200-day moving average is $144.02.

RTX (NYSE:RTX - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The company reported $1.56 EPS for the quarter, beating analysts' consensus estimates of $1.45 by $0.11. The business had revenue of $21.58 billion during the quarter, compared to analyst estimates of $20.68 billion. RTX had a return on equity of 12.89% and a net margin of 7.35%.RTX's quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.41 EPS. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. Sell-side analysts expect that RTX will post 6.11 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Philip J. Jasper sold 12,847 shares of the firm's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $157.82, for a total value of $2,027,513.54. Following the sale, the insider directly owned 17,684 shares of the company's stock, valued at $2,790,888.88. This trade represents a 42.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Kevin G. Dasilva sold 8,704 shares of RTX stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $156.20, for a total transaction of $1,359,564.80. Following the sale, the vice president owned 30,004 shares of the company's stock, valued at approximately $4,686,624.80. The trade was a 22.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 56,635 shares of company stock valued at $8,947,010 in the last 90 days. 0.15% of the stock is owned by company insiders.

Institutional Trading of RTX

A number of hedge funds have recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of RTX in the 2nd quarter valued at $2,359,602,000. Nuveen LLC purchased a new stake in RTX during the first quarter valued at about $916,739,000. Laurel Wealth Advisors LLC grew its stake in shares of RTX by 14,974.7% during the second quarter. Laurel Wealth Advisors LLC now owns 3,598,943 shares of the company's stock valued at $525,518,000 after buying an additional 3,575,069 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of RTX by 1.9% in the second quarter. Vanguard Group Inc. now owns 122,074,734 shares of the company's stock worth $17,825,353,000 after buying an additional 2,238,247 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake in shares of RTX by 28.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 6,385,201 shares of the company's stock valued at $845,784,000 after acquiring an additional 1,394,918 shares during the last quarter. Institutional investors own 86.50% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.