RTX (NYSE:RTX – Get Free Report) has raised its price target by equities analysts at Royal Bank of Canada from $102.00 to $115.00 in a research note issued Friday, Benzinga reports. The brokerage currently has a “sector perform” rating on the stock. Royal Bank of Canada’s price target points to a potential upside of 0.92% from the company’s current share price.

Other analysts have also recently issued reports on the company. Citigroup increased their price target on RTX from $95.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Bank of America increased their price target on RTX from $100.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Melius Research increased their price target on RTX from $490.00 to $493.00 in a research report on Wednesday. UBS Group increased their price target on RTX from $103.00 to $105.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Finally, Wells Fargo & Company lowered their price target on RTX from $491.00 to $467.00 and set an “equal weight” rating for the company in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have given a buy rating to the company. The firm has an average rating of “Hold” and a consensus target price of $148.69, according to data from MarketBeat.

Check out our latest stock report on RTX

RTX shares rise 0.4%

Shares of NYSE:RTX opened at $113.95 on Friday. The company has a 50-day moving average price of $104.47 and a 200-day moving average price of $98.31. The company has a current ratio of 0.99, a quick ratio of 0.79 and a debt-to-equity ratio of 0.66. The company has a market cap of $151.50 billion, a price-to-earnings ratio of 44.69, a PEG ratio of 2.02 and a beta of 0.82. RTX has a 12-month low of $68.56 and a 12-month high of $115.82.

RTX (NYSE:RTX – Get Free Report) last released its quarterly earnings results on Thursday, July 25. The company reported $1.41 earnings per share (EPS) for the quarter, which topped analysts’ consensus estimates of $1.30 by $0.11. The company had revenue of $19.72 billion during the quarter, compared to the consensus estimate of $19.29 billion. RTX had a return on equity of 11.37% and a net margin of 3.12%. The company’s quarterly revenue increased by 7.7% year-over-year. During the same period last year, the company earned $1.29 EPS. Sell-side analysts expect RTX to post 5.42 EPS for the current year.

Buy and sell insider

In related news, insider Stephen J. Timm sold 19,880 shares of the company’s stock in a transaction that occurred on Friday, May 10. The shares were sold at an average price of $105.72, for a total transaction of $2,101,713.60. Following the completion of the sale, the insider now owns 149,050 shares of the company’s stock, valued at $15,757,566. The transaction was disclosed in a document filed with the SEC, which is available on the SEC website. In related news, insider Stephen J. Timm sold 19,880 shares of the company’s stock in a transaction that occurred on Friday, May 10. The shares were sold at an average price of $105.72, for a total transaction of $2,101,713.60. Following the completion of the sale, the insider now owns 149,050 shares of the company’s stock, valued at $15,757,566. The transaction was disclosed in a document filed with the SEC, which is available on the SEC website. Also, Director Robert Kelly Ortberg sold 10,295 shares of the company’s stock in a transaction that occurred on Tuesday, April 30. The shares were sold at an average price of $101.97, for a total value of $1,049,781.15. Following the sale, the Director now owns 129,120 shares of the company’s stock, valued at approximately $13,166,366.40. The disclosure for this sale can be found here. 0.13% of the shares are held by company insiders.

Institutional investors weigh in on RTX

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. HB Wealth Management LLC increased its stake in RTX by 3.2% in the second quarter. HB Wealth Management LLC now owns 141,352 shares of the company’s stock worth $14,190,000 after purchasing an additional 4,321 shares in the last quarter. Strategic Blueprint LLC increased its stake in RTX by 2.1% in the second quarter. Strategic Blueprint LLC now owns 7,144 shares of the company’s stock worth $717,000 after purchasing an additional 147 shares in the last quarter. Fort Pitt Capital Group LLC increased its stake in RTX by 1.7% in the second quarter. Fort Pitt Capital Group LLC now owns 709,033 shares of the company’s stock worth $71,180,000 after purchasing an additional 12,068 shares in the last quarter. Briaud Financial Planning Inc increased its stake in RTX by 64.1% in the second quarter. Briaud Financial Planning Inc now owns 256 shares of the company’s stock worth $25,000 after purchasing an additional 100 shares in the last quarter. Finally, Detalus Advisors LLC increased its stake in RTX by 21.1% in the second quarter. Detalus Advisors LLC now owns 2,803 shares of the company’s stock worth $281,000 after purchasing an additional 489 shares in the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

About RTX

(Get free report)

RTX Corporation, an aerospace and defense company, provides systems and services to commercial, military, and government customers in the United States and internationally. The company operates through three segments: Collins Aerospace, Pratt & Whitney, and Raytheon. The Collins Aerospace Systems segment provides aerospace and defense products and aftermarket service solutions to 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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