RTX (NYSE:RTX) Upgraded to “Hold” by Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft upgraded shares of RTX (NYSE:RTX) from a sell rating to a hold rating in a report issued on Thursday morning, MarketBeat reports. The brokerage currently has $129.00 target price on the stock, up from their prior target price of $109.00.

Other equities analysts also recently issued research reports about the company. Susquehanna boosted their price target on RTX from $119.00 to $140.00 and gave the stock a positive rating in a research report on Friday, July 26th. TD Cowen boosted their target price on RTX from $115.00 to $142.00 and gave the stock a buy rating in a report on Friday, July 26th. Bank of America raised RTX from a neutral rating to a buy rating and raised their price target for the company from $110.00 to $140.00 in a report on Wednesday, July 31st. The Goldman Sachs Group upped 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. Finally, Wells Fargo & Company cut 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. One analyst has rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of Hold and a consensus target price of $161.13.

RTX Trading Up 1.0 %

Shares of RTX stock opened at $124.91 on Thursday. RTX has a 12-month low of $68.56 and a 12-month high of $125.53. 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 business’s 50 day moving average is $119.11 and its 200-day moving average is $108.40. The stock has a market cap of $166.07 billion, a P/E ratio of 48.98, a P/E/G ratio of 2.18 and a beta of 0.82.

RTX (NYSE:RTX) last posted its quarterly earnings results on Thursday, July 25th. The company reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.29 earnings per share. Equities research analysts predict that RTX will post 5.45 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, VP Amy L. Johnson sold 6,734 shares of RTX stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $113.88, for a total value of $766,867.92. Following the completion of the sale, the vice president now directly owns 12,318 shares in the company, valued at approximately $1,402,773.84. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, VP Amy L. Johnson sold 6,734 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $113.88, for a total transaction of $766,867.92. Following the sale, the vice president now owns 12,318 shares of the company’s stock, valued at $1,402,773.84. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Shane G. Eddy sold 6,741 shares of RTX stock in a transaction on Friday, July 26th. The shares were sold at an average price of $114.76, for a total value of $773,597.16. The disclosure for this sale can be found here. Insiders have sold a total of 178,333 shares of company stock worth $20,861,880 in the last quarter. Corporate insiders own 0.13% of the company’s stock.

Hedge Funds Weigh In On RTX

Hedge funds have recently bought and sold shares of the company. RFG Advisory LLC boosted its position in shares of RTX by 96.1% during the 1st quarter. RFG Advisory LLC now owns 40,354 shares of the company’s stock worth $3,936,000 after acquiring an additional 19,779 shares in the last quarter. Manning & Napier Advisors LLC bought a new position in shares of RTX in the 2nd quarter valued at $30,837,000. Capital Advisors Ltd. LLC raised its holdings in shares of RTX by 7.3% during the 1st quarter. Capital Advisors Ltd. LLC now owns 2,451 shares of the company’s stock worth $239,000 after buying an additional 166 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its position in shares of RTX by 126.9% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 175,682 shares of the company’s stock worth $17,134,000 after buying an additional 98,248 shares during the last quarter. Finally, CWM LLC boosted its stake in RTX by 7.2% in the first quarter. CWM LLC now owns 126,970 shares of the company’s stock valued at $12,383,000 after buying an additional 8,493 shares in the last quarter. 86.50% of the stock is owned by institutional investors.

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.