RTX (NYSE:RTX) Rating Increased to Hold at Deutsche Bank Aktiengesellschaft

RTX (NYSE:RTX) was upgraded by equities researchers at Deutsche Bank Aktiengesellschaft from a “sell” rating to a “hold” rating in a research report issued on Thursday, MarketBeat reports. The brokerage currently has a $129.00 target price on the stock, up from their previous target price of $109.00. Deutsche Bank Aktiengesellschaft’s price objective suggests a potential upside of 4.00% from the stock’s previous close.

Several other research analysts have also recently commented on RTX. Robert W. Baird increased their price target on RTX from $105.00 to $115.00 and gave the company a “neutral” rating in a research report on Friday, July 26th. Wells Fargo & Company decreased their target price on shares of RTX from $491.00 to $467.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. Melius Research upped their price target on shares of RTX from $490.00 to $493.00 in a research report on Wednesday, July 24th. TD Cowen lifted their price objective on shares of RTX from $115.00 to $142.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Finally, JPMorgan Chase & Co. raised their target price 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. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, RTX currently has an average rating of “Hold” and a consensus target price of $161.13.

RTX Trading Down 0.3 %

NYSE RTX opened at $124.04 on Thursday. RTX has a 12 month low of $68.56 and a 12 month high of $125.53. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $164.91 billion, a PE ratio of 48.64, a P/E/G ratio of 2.12 and a beta of 0.82. The stock has a 50-day simple moving average of $118.69 and a 200 day simple moving average of $108.07.

RTX (NYSE:RTX) last announced its quarterly earnings results on Thursday, July 25th. The company reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.11. The firm had revenue of $19.72 billion for the quarter, compared to analyst estimates of $19.29 billion. RTX had a net margin of 3.12% and a return on equity of 11.37%. The business’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.29 earnings per share. Research analysts forecast that RTX will post 5.45 EPS for the current year.

Insiders Place Their Bets

In other RTX news, CEO Christopher T. Calio sold 4,235 shares of the stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $114.00, for a total transaction of $482,790.00. Following the transaction, the chief executive officer now owns 88,509 shares in the company, valued at approximately $10,090,026. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Chairman Gregory Hayes sold 134,887 shares of RTX 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 transaction, the chairman now directly owns 566,723 shares of the company’s stock, valued at $66,725,966.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Christopher T. Calio sold 4,235 shares of the firm’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $114.00, for a total value of $482,790.00. Following the completion of the sale, the chief executive officer now directly owns 88,509 shares in the company, valued at approximately $10,090,026. The disclosure for this sale can be found here. Insiders sold 178,333 shares of company stock worth $20,861,880 in the last quarter. 0.13% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On RTX

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Briaud Financial Planning Inc increased its holdings in shares of RTX by 64.1% during the second quarter. Briaud Financial Planning Inc now owns 256 shares of the company’s stock worth $25,000 after buying an additional 100 shares in the last quarter. Lynx Investment Advisory acquired a new position in RTX in the 2nd quarter worth about $26,000. Mizuho Securities Co. Ltd. bought a new position in RTX in the second quarter valued at about $32,000. Fairfield Financial Advisors LTD acquired a new stake in shares of RTX during the second quarter valued at about $41,000. Finally, Alaska Permanent Fund Corp bought a new stake in shares of RTX during the first quarter worth about $42,000. 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.