RTX (NYSE:RTX) Price Target Raised to $168.00 at The Goldman Sachs Group

Key Points

• The Goldman Sachs Group raised its price target for RTX from $151.00 to $168.00, maintaining a "neutral" rating on the stock despite a potential downside of 2.89% based on recent closing prices.
• Several other firms like Morgan Stanley and JPMorgan Chase also increased their price targets, with Morgan Stanley setting a target of $180.00 and JPMorgan at $175.00, indicating strong institutional interest in the stock.
• RTX reported earnings of $1.70 per share, exceeding estimates, and its revenue rose 11.9% year-over-year to $22.48 billion, reflecting its robust performance in the aerospace and defense sectors.

RTX (NYSE:RTX - Get Free Report) had its price target increased by analysts at The Goldman Sachs Group from $151.00 to $168.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has a "neutral" rating on the stock. The Goldman Sachs Group's price objective suggests a potential downside of 2.89% from the company's previous close.

Several other research firms have also recently issued reports on RTX. 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 research report on Wednesday, July 23rd. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $195.00 price target on shares of RTX in a research report on Wednesday, October 8th. JPMorgan Chase & Co. lifted their price target on shares of RTX from $145.00 to $175.00 and gave the company an "overweight" rating in a research report on Wednesday, July 23rd. Sanford C. Bernstein lifted their price target on shares of RTX from $157.00 to $181.00 and gave the company a "market perform" rating in a research report on Monday, October 6th. Finally, UBS Group lifted their price target on shares of RTX from $166.00 to $177.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $166.93.

RTX Price Performance

RTX stock opened at $173.00 on Wednesday. RTX has a 12-month low of $112.27 and a 12-month high of $178.76. The stock has a market cap of $231.57 billion, a P/E ratio of 38.02, a PEG ratio of 2.98 and a beta of 0.66. The company has a 50-day moving average price of $159.66 and a 200 day moving average price of $146.50. The company has a current ratio of 1.01, a quick ratio of 0.75 and a debt-to-equity ratio of 0.60.

RTX (NYSE:RTX - Get Free Report) last released its quarterly earnings data on Tuesday, October 21st. The company reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.29. RTX had a net margin of 7.35% and a return on equity of 12.89%. The firm had revenue of $22.48 billion during the quarter, compared to analysts' expectations of $21.26 billion. During the same period last year, the business earned $1.45 earnings per share. RTX's revenue was up 11.9% compared to the same quarter last year. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. Sell-side analysts anticipate that RTX will post 6.11 earnings per share for the current year.

Insider Buying and Selling at RTX

In related news, insider Philip J. Jasper sold 12,847 shares of RTX 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 completion of the transaction, the insider owned 17,684 shares in the company, valued at $2,790,888.88. The trade was a 42.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Kevin G. Dasilva sold 8,704 shares of RTX stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $156.20, for a total transaction of $1,359,564.80. Following the completion of the transaction, the vice president owned 30,004 shares of the company's stock, valued at $4,686,624.80. This represents a 22.49% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 55,173 shares of company stock worth $8,724,406. 0.15% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Gateway Investment Advisers LLC lifted its stake in RTX by 0.6% in the third quarter. Gateway Investment Advisers LLC now owns 547,567 shares of the company's stock worth $91,624,000 after acquiring an additional 3,528 shares during the last quarter. Arrow Financial Corp lifted its stake in RTX by 0.8% in the third quarter. Arrow Financial Corp now owns 7,334 shares of the company's stock worth $1,227,000 after acquiring an additional 61 shares during the last quarter. Fifth Third Wealth Advisors LLC lifted its stake in RTX by 3.7% in the third quarter. Fifth Third Wealth Advisors LLC now owns 36,059 shares of the company's stock worth $6,034,000 after acquiring an additional 1,277 shares during the last quarter. Penobscot Investment Management Company Inc. lifted its stake in RTX by 3.6% in the third quarter. Penobscot Investment Management Company Inc. now owns 48,427 shares of the company's stock worth $8,103,000 after acquiring an additional 1,700 shares during the last quarter. Finally, Fountainhead AM LLC lifted its position in shares of RTX by 39.3% during the 3rd quarter. Fountainhead AM LLC now owns 3,027 shares of the company's stock worth $507,000 after buying an additional 854 shares during the last quarter. 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.

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