2 weeks Ago By ABMN Staff
RTX ( NYSE:RTX – Get Free Report ) had its target price increased by analysts at UBS Group from $133.00 to $138.00 in a research report issued to clients and investors on Wednesday, Benzinga reports.
The brokerage presently has a “buy” rating on the stock. UBS Group’s target price would suggest a potential upside of 13.12% from the company’s current price.
A number of other equities analysts also recently commented on RTX. Citigroup cut their price objective on shares of RTX from $153.00 to $148.
00 and set a “buy” rating for the company in a research report on Thursday, April 10th. Wells Fargo & Company boosted their target price on RTX from $136.00 to $144.
00 and gave the stock an “overweight” rating in a research report on Tuesday, April 15th. Bank of America lifted their price target on RTX from $145.00 to $155.
00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Morgan Stanley upgraded RTX from an “equal weight” rating to an “overweight” rating and set a $135.00 price objective for the company in a research report on Wednesday.
Finally, Deutsche Bank Aktiengesellschaft upgraded shares of RTX from a “hold” rating to a “buy” rating and boosted their target price for the stock from $131.00 to $140.00 in a research report on Thursday, January 2nd.
Two analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $163.53.
Check Out Our Latest Stock Report on RTX RTX Trading Up 1.4 % RTX ( NYSE:RTX – Get Free Report ) last posted its quarterly earnings data on Tuesday, April 22nd. The company reported $1.
47 EPS for the quarter, beating the consensus estimate of $1.35 by $0.12.
RTX had a return on equity of 12.45% and a net margin of 5.91%.
The firm had revenue of $20.31 billion during the quarter, compared to the consensus estimate of $19.80 billion.
Analysts expect that RTX will post 6.11 earnings per share for the current year. Insider Buying and Selling In other RTX news, CFO Neil G.
Mitchill, Jr. sold 16,118 shares of the business’s stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $130.
35, for a total value of $2,100,981.30. Following the transaction, the chief financial officer now owns 59,556 shares in the company, valued at $7,763,124.
60. The trade was a 21.30 % decrease in their position.
The sale was disclosed in a filing with the SEC, which is available through the SEC website . Also, CEO Christopher T. Calio sold 27,379 shares of the stock in a transaction dated Thursday, February 27th.
The shares were sold at an average price of $130.36, for a total value of $3,569,126.44.
Following the completion of the transaction, the chief executive officer now directly owns 81,508 shares of the company’s stock, valued at $10,625,382.88. This represents a 25.
14 % decrease in their position. The disclosure for this sale can be found here . Over the last ninety days, insiders have sold 79,831 shares of company stock worth $10,309,302.
0.15% of the stock is owned by company insiders. Hedge Funds Weigh In On RTX Hedge funds have recently bought and sold shares of the company.
Vanguard Group Inc. increased its holdings in shares of RTX by 1.1% in the 4th quarter.
Vanguard Group Inc. now owns 118,479,159 shares of the company’s stock valued at $13,710,408,000 after acquiring an additional 1,252,448 shares during the last quarter. Geode Capital Management LLC increased its stake in RTX by 3.
7% during the fourth quarter. Geode Capital Management LLC now owns 28,264,502 shares of the company’s stock valued at $3,263,610,000 after purchasing an additional 1,000,722 shares during the last quarter. Fisher Asset Management LLC raised its holdings in shares of RTX by 3.
1% during the fourth quarter. Fisher Asset Management LLC now owns 19,047,685 shares of the company’s stock worth $2,204,198,000 after purchasing an additional 576,214 shares during the period. Franklin Resources Inc.
lifted its position in shares of RTX by 3.8% in the 4th quarter. Franklin Resources Inc.
now owns 16,611,341 shares of the company’s stock worth $1,922,264,000 after buying an additional 603,159 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of RTX in the 4th quarter valued at about $1,745,644,000. 86.
50% of the stock is currently owned by institutional investors and hedge funds. RTX Company Profile ( Get Free Report ) 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. Recommended Stories Receive News & Ratings for RTX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RTX and related companies with MarketBeat.com's FREE daily email newsletter .
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