RTX (NYSE:RTX) Price Target Raised to $144.00

RTX (NYSE:RTX - Get Free Report) had its price objective lifted by stock analysts at Wells Fargo & Company from $136.00 to $144.00 in a research note issued on Tuesday, MarketBeat Ratings reports. The firm currently has an "overweight" rating on the stock. Wells Fargo & Company's price objective suggests a potential upside of 11.73% from the company's previous close.

RTX has been the topic of a number of other research reports. Robert W. Baird upgraded RTX from a "neutral" rating to an "outperform" rating and increased their price target for the company from $136.00 to $160.00 in a research note on Wednesday, March 19th. JPMorgan Chase & Co. raised their target price on shares of RTX from $140.00 to $150.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 29th. UBS Group upgraded shares of RTX from a "neutral" rating to a "buy" rating in a research note on Monday, March 24th. Argus upgraded shares of RTX from a "hold" rating to a "buy" rating in a research report on Tuesday, February 11th. Finally, Deutsche Bank Aktiengesellschaft upgraded RTX from a "hold" rating to a "buy" rating and increased their target price for the stock from $131.00 to $140.00 in a research note on Thursday, January 2nd. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat, RTX presently has a consensus rating of "Moderate Buy" and an average price target of $165.27.

RTX Stock Down 0.3 %

Shares of RTX stock traded down $0.37 on Tuesday, reaching $128.89. 5,208,962 shares of the company were exchanged, compared to its average volume of 5,483,696. The company has a market capitalization of $172.07 billion, a price-to-earnings ratio of 36.31, a PEG ratio of 2.11 and a beta of 0.58. RTX has a one year low of $99.07 and a one year high of $136.17. The company has a 50-day moving average of $128.59 and a 200 day moving average of $123.83. The company has a current ratio of 0.99, a quick ratio of 0.74 and a debt-to-equity ratio of 0.63.

RTX (NYSE:RTX - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.19. RTX had a net margin of 5.91% and a return on equity of 12.45%. On average, equities research analysts forecast that RTX will post 6.11 earnings per share for the current year.

Insider Activity

In related news, insider Troy D. Brunk sold 2,872 shares of the business'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 directly owns 5,272 shares in the company, valued at approximately $664,008.40. The trade was a 35.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Dantaya M. Williams sold 14,031 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $129.23, for a total value of $1,813,226.13. Following the sale, the executive vice president now directly owns 44,415 shares of the company's stock, valued at $5,739,750.45. The trade was a 24.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 79,831 shares of company stock worth $10,309,302 in the last three months. Company insiders own 0.15% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. CX Institutional raised its stake in shares of RTX by 21.9% during the 4th quarter. CX Institutional now owns 65,150 shares of the company's stock valued at $7,539,000 after purchasing an additional 11,706 shares during the period. National Pension Service increased its position in shares of RTX by 15.1% during the fourth quarter. National Pension Service now owns 2,859,573 shares of the company's stock valued at $330,910,000 after buying an additional 375,781 shares during the period. Czech National Bank boosted its position in shares of RTX by 6.5% in the fourth quarter. Czech National Bank now owns 288,591 shares of the company's stock valued at $33,396,000 after acquiring an additional 17,608 shares during the period. Archer Investment Corp grew its stake in RTX by 370.3% during the fourth quarter. Archer Investment Corp now owns 5,272 shares of the company's stock valued at $610,000 after acquiring an additional 4,151 shares in the last quarter. Finally, Optas LLC boosted its stake in RTX by 114.5% during the fourth quarter. Optas LLC now owns 7,062 shares of the company's stock valued at $817,000 after buying an additional 3,770 shares during the period. 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.