The Goldman Sachs Group Issues Positive Forecast for RTX (NYSE:RTX) Stock Price

RTX (NYSE:RTX - Get Free Report) had its target price hoisted by investment analysts at The Goldman Sachs Group from $114.00 to $126.00 in a report issued on Monday,Benzinga reports. The firm currently has a "neutral" rating on the stock. The Goldman Sachs Group's target price would suggest a potential downside of 13.67% from the company's current price.

RTX has been the subject of a number of other reports. Royal Bank Of Canada reduced 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. Baird R W raised RTX from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 19th. DZ Bank raised RTX from a "sell" rating to a "hold" rating and set a $129.00 price target for the company in a research report on Friday, April 25th. Robert W. Baird raised shares of RTX from a "neutral" rating to an "outperform" rating and boosted their target price for the stock from $136.00 to $160.00 in a research report on Wednesday, March 19th. Finally, Wells Fargo & Company lifted their target price on shares of RTX from $136.00 to $144.00 and gave the company an "overweight" rating in a research report on Tuesday, April 15th. Four equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat, RTX currently has a consensus rating of "Moderate Buy" and a consensus target price of $161.12.

RTX Stock Down 0.5%

RTX traded down $0.70 during trading hours on Monday, hitting $145.95. 2,858,911 shares of the company's stock were exchanged, compared to its average volume of 5,404,896. RTX has a 12-month low of $99.07 and a 12-month high of $149.66. The firm has a 50 day moving average of $133.43 and a 200 day moving average of $127.54. 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 firm has a market cap of $194.98 billion, a P/E ratio of 42.76, a price-to-earnings-growth ratio of 2.65 and a beta of 0.63.

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

Insider Buying and Selling

In other news, EVP Dantaya M. Williams sold 16,922 shares of the company's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $137.62, for a total value of $2,328,805.64. Following the completion of the sale, the executive vice president now owns 16,538 shares of the company's stock, valued at approximately $2,275,959.56. This represents a 50.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Amy L. Johnson sold 4,146 shares of the firm's stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $127.54, for a total value of $528,780.84. Following the sale, the vice president now directly owns 9,546 shares in the company, valued at approximately $1,217,496.84. The trade was a 30.28% decrease in their position. The disclosure for this sale can be found here. 0.15% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. National Pension Service grew its holdings in shares of RTX by 15.1% in the fourth quarter. National Pension Service now owns 2,859,573 shares of the company's stock valued at $330,910,000 after purchasing an additional 375,781 shares during the period. Dynamic Advisor Solutions LLC lifted its stake in RTX by 8.4% in the first quarter. Dynamic Advisor Solutions LLC now owns 34,657 shares of the company's stock valued at $4,591,000 after buying an additional 2,686 shares during the last quarter. Deutsche Bank AG increased its stake in RTX by 46.0% in the fourth quarter. Deutsche Bank AG now owns 2,973,342 shares of the company's stock valued at $344,075,000 after purchasing an additional 936,953 shares during the period. Occudo Quantitative Strategies LP acquired a new stake in RTX during the 4th quarter worth approximately $3,356,000. Finally, Thoroughbred Financial Services LLC grew its position in RTX by 43.5% in the 4th quarter. Thoroughbred Financial Services LLC now owns 26,329 shares of the company's stock valued at $3,046,000 after buying an additional 7,987 shares during the last quarter. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

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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