RTX Co. (NYSE:RTX) Receives $157.31 Average PT from Analysts

RTX Co. (NYSE:RTX - Get Free Report) has received a consensus recommendation of "Hold" from the sixteen research firms that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $157.31.

Several equities analysts recently issued reports on RTX shares. Alembic Global Advisors upgraded RTX from a "neutral" rating to an "overweight" rating and set a $134.00 price target on the stock in a report on Tuesday, July 30th. Wells Fargo & Company lowered their price target on shares of RTX from $491.00 to $467.00 and set an "equal weight" rating for the company in a research report on Wednesday, July 24th. The Goldman Sachs Group increased their price objective on shares of RTX from $94.00 to $104.00 and gave the company a "neutral" rating in a report on Monday, July 29th. JPMorgan Chase & Co. raised their price objective on shares of RTX from $110.00 to $130.00 and gave the company an "overweight" rating in a research note on Monday, July 29th. Finally, Melius Research upped their target price on shares of RTX from $490.00 to $493.00 in a research report on Wednesday, July 24th.

Insider Buying and Selling

In other news, Chairman Gregory Hayes sold 134,887 shares of the company's stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $117.74, for a total value of $15,881,595.38. Following the completion of the transaction, the chairman now owns 566,723 shares in the company, valued at $66,725,966.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Chairman Gregory Hayes sold 134,887 shares of the business's stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $117.74, for a total value of $15,881,595.38. Following the sale, the chairman now directly owns 566,723 shares in the company, valued at $66,725,966.02. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Amy L. Johnson sold 6,734 shares of the stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $113.88, for a total value of $766,867.92. Following the transaction, the vice president now owns 12,318 shares of the company's stock, valued at $1,402,773.84. The disclosure for this sale can be found here. In the last three months, insiders sold 178,333 shares of company stock valued at $20,861,880. 0.13% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in RTX. Capital Research Global Investors increased its position in shares of RTX by 23.7% during the 4th quarter. Capital Research Global Investors now owns 90,430,489 shares of the company's stock worth $7,608,822,000 after purchasing an additional 17,351,313 shares during the last quarter. Capital International Investors raised its position in RTX by 20.6% during the fourth quarter. Capital International Investors now owns 65,233,410 shares of the company's stock worth $5,488,752,000 after acquiring an additional 11,163,222 shares in the last quarter. Marshall Wace LLP lifted its stake in RTX by 1,247.1% in the second quarter. Marshall Wace LLP now owns 2,053,706 shares of the company's stock valued at $206,172,000 after acquiring an additional 1,901,256 shares during the last quarter. Focused Investors Fund L P bought a new position in shares of RTX in the 1st quarter valued at about $80,594,000. Finally, Hsbc Holdings PLC increased its stake in shares of RTX by 47.9% during the 2nd quarter. Hsbc Holdings PLC now owns 2,448,780 shares of the company's stock worth $246,300,000 after purchasing an additional 792,830 shares during the last quarter. Institutional investors and hedge funds own 86.50% of the company's stock.

RTX Price Performance

NYSE:RTX traded down $0.58 during mid-day trading on Thursday, reaching $120.32. 5,912,375 shares of the company were exchanged, compared to its average volume of 7,013,892. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 0.66. The stock has a market cap of $160.05 billion, a PE ratio of 47.18, a PEG ratio of 2.11 and a beta of 0.82. RTX has a 12 month low of $68.56 and a 12 month high of $123.70. The company has a fifty day moving average of $116.88 and a 200 day moving average of $107.00.

RTX (NYSE:RTX - Get Free Report) last released its quarterly earnings results on Thursday, July 25th. The company reported $1.41 EPS for the quarter, beating the consensus estimate of $1.30 by $0.11. RTX had a net margin of 3.12% and a return on equity of 11.37%. The business had revenue of $19.72 billion for the quarter, compared to analysts' expectations of $19.29 billion. During the same period in the prior year, the firm earned $1.29 earnings per share. RTX's revenue was up 7.7% compared to the same quarter last year. On average, research analysts anticipate that RTX will post 5.45 EPS for the current fiscal year.

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.