RTX (NYSE:RTX) Upgraded to "Buy" at Benchmark

RTX (NYSE:RTX - Get Free Report) was upgraded by stock analysts at Benchmark from a "hold" rating to a "buy" rating in a note issued to investors on Wednesday,Finviz reports. The firm presently has a $140.00 price objective on the stock. Benchmark's price target would indicate a potential upside of 7.06% from the company's previous close.

RTX has been the subject of a number of other research reports. DZ Bank upgraded RTX from a "sell" rating to a "hold" rating and set a $129.00 target price for the company in a report on Friday, April 25th. Royal Bank of Canada dropped their price objective on shares of RTX from $150.00 to $140.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. UBS Group increased their target price on shares of RTX from $133.00 to $138.00 and gave the company a "buy" rating in a research note on Wednesday, April 23rd. Citigroup dropped their price target on shares of RTX from $153.00 to $148.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Finally, Susquehanna reduced their price objective on shares of RTX from $147.00 to $140.00 and set a "positive" rating on the stock in a research report on Wednesday, April 23rd. Three equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $159.82.

RTX Trading Up 0.2%

Shares of RTX stock opened at $130.77 on Wednesday. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. The firm has a market cap of $174.70 billion, a price-to-earnings ratio of 36.84, a PEG ratio of 2.11 and a beta of 0.60. RTX has a twelve month low of $99.07 and a twelve month high of $136.17. The business has a 50-day moving average price of $128.33 and a 200-day moving average price of $123.98.

RTX (NYSE:RTX - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The company reported $1.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.35 by $0.12. RTX had a return on equity of 12.45% and a net margin of 5.91%. The business had revenue of $20.31 billion for the quarter, compared to the consensus estimate of $19.80 billion. Equities research analysts anticipate that RTX will post 6.11 EPS for the current fiscal year.

Insider Buying and Selling at RTX

In other RTX news, CEO Christopher T. Calio sold 27,379 shares of the firm's stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $130.36, for a total value of $3,569,126.44. Following the completion of the sale, the chief executive officer now owns 81,508 shares of the company's stock, valued at approximately $10,625,382.88. This trade represents a 25.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Troy D. Brunk sold 2,872 shares of the company's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $125.95, for a total transaction of $361,728.40. Following the transaction, the insider now owns 5,272 shares in the company, valued at approximately $664,008.40. This trade represents a 35.27% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 69,946 shares of company stock worth $9,024,856 over the last three months. Corporate insiders own 0.15% of the company's stock.

Institutional Trading of RTX

Several large investors have recently bought and sold shares of the stock. MorganRosel Wealth Management LLC acquired a new stake in RTX during the 1st quarter worth about $26,000. 10Elms LLP acquired a new stake in shares of RTX during the fourth quarter worth about $29,000. Fairway Wealth LLC purchased a new stake in RTX in the fourth quarter valued at approximately $31,000. Picton Mahoney Asset Management raised its position in RTX by 2,944.4% during the 4th quarter. Picton Mahoney Asset Management now owns 274 shares of the company's stock worth $31,000 after buying an additional 265 shares during the last quarter. Finally, Greenline Partners LLC acquired a new stake in RTX during the 4th quarter valued at approximately $34,000. 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.

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