RTX (NYSE:RTX) PT Raised to $110.00 at Citigroup

RTX (NYSE:RTX) had its target price hoisted by analysts at Citigroup from $95.00 to $110.00 in a research note issued on Wednesday, Benzinga reports. The firm presently has a “neutral” rating on the stock. Citigroup’s price objective would indicate a potential upside of 8.10% from the stock’s current price.

RTX has been the subject of several other research reports. TheStreet upgraded RTX from a “c” rating to a “b-” rating in a report on Tuesday, January 23rd. Bank of America lifted their price target on RTX from $100.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday. Robert W. Baird lifted their price target on RTX from $94.00 to $105.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Royal Bank of Canada lifted their price target on RTX from $82.00 to $88.00 and gave the company a “sector perform” rating in a report on Monday, January 22nd. Finally, Susquehanna lifted their price target on RTX from $110.00 to $119.00 and gave the company a “positive” rating in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $96.27.

RTX Trading Up 0.7 %

RTX stock opened at $101.76 on Wednesday. The stock has a market cap of $135.30 billion, a PE ratio of 39.90, a P/E/G ratio of 1.84 and a beta of 0.88. The stock has a 50-day moving average price of $95.36 and a 200 day moving average price of $87.31. RTX has a 52 week low of $68.56 and a 52 week high of $103.89. The company has a current ratio of 1.07, a quick ratio of 0.78 and a debt-to-equity ratio of 0.68.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.11. The firm had revenue of $19.30 billion during the quarter, compared to analysts’ expectations of $18.44 billion. RTX had a return on equity of 10.81% and a net margin of 4.90%. The firm’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.22 EPS. Equities research analysts predict that RTX will post 5.39 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Shane G. Eddy sold 35,456 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $91.19, for a total transaction of $3,233,232.64. Following the transaction, the insider now directly owns 6,741 shares of the company’s stock, valued at approximately $614,711.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other RTX news, EVP Ramsaran Maharajh sold 312 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $92.17, for a total value of $28,757.04. Following the transaction, the executive vice president now directly owns 11,676 shares of the company’s stock, valued at approximately $1,076,176.92. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Shane G. Eddy sold 35,456 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $91.19, for a total value of $3,233,232.64. Following the completion of the transaction, the insider now directly owns 6,741 shares in the company, valued at $614,711.79. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 37,785 shares of company stock valued at $3,448,188. Corporate insiders own 0.13% of the company’s stock.

Hedge Funds Weigh In On RTX

A number of institutional investors have recently made changes to their positions in the business. Bruce G. Allen Investments LLC increased its holdings in shares of RTX by 7.9% in the 1st quarter. Bruce G. Allen Investments LLC now owns 1,441 shares of the company’s stock valued at $141,000 after acquiring an additional 106 shares during the last quarter. Jacobsen Capital Management increased its holdings in shares of RTX by 3.0% in the 4th quarter. Jacobsen Capital Management now owns 3,890 shares of the company’s stock valued at $327,000 after acquiring an additional 114 shares during the last quarter. TRUE Private Wealth Advisors increased its holdings in shares of RTX by 1.2% in the 1st quarter. TRUE Private Wealth Advisors now owns 9,952 shares of the company’s stock valued at $971,000 after acquiring an additional 117 shares during the last quarter. Diligent Investors LLC increased its holdings in shares of RTX by 1.4% in the 4th quarter. Diligent Investors LLC now owns 8,781 shares of the company’s stock valued at $739,000 after acquiring an additional 118 shares during the last quarter. Finally, Hummer Financial Advisory Services Inc increased its holdings in shares of RTX by 1.7% in the 1st quarter. Hummer Financial Advisory Services Inc now owns 7,334 shares of the company’s stock valued at $715,000 after acquiring an additional 120 shares during the last quarter. 86.50% of the stock is owned by institutional investors and hedge funds.

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.