Sanford C. Bernstein Raises RTX (NYSE:RTX) Price Target to $181.00

RTX (NYSE:RTX) had its price target lifted by stock analysts at Sanford C. Bernstein from $157.00 to $181.00 in a research note issued to investors on Monday, Marketbeat Ratings reports. The firm currently has a “market perform” rating on the stock. Sanford C. Bernstein’s price objective points to a potential upside of 6.80% from the stock’s current price.

A number of other brokerages have also weighed in on RTX. UBS Group boosted their target price on RTX from $166.00 to $177.00 and gave the stock a “buy” rating in a research report on Wednesday, July 23rd. The Goldman Sachs Group boosted their target price on RTX from $114.00 to $126.00 and gave the stock a “neutral” rating in a research report on Monday, June 23rd. Bank of America boosted their target price on RTX from $150.00 to $175.00 and gave the stock a “buy” rating in a research report on Wednesday, July 23rd. Morgan Stanley boosted their target price on RTX from $165.00 to $180.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. Finally, Barclays boosted their price target on RTX from $130.00 to $153.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 29th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $160.47.

RTX Stock Performance

RTX stock opened at $169.48 on Monday. The stock has a market capitalization of $226.86 billion, a PE ratio of 37.25, a price-to-earnings-growth ratio of 3.11 and a beta of 0.66. RTX has a 12-month low of $112.27 and a 12-month high of $170.36. The company has a current ratio of 1.01, a quick ratio of 0.75 and a debt-to-equity ratio of 0.60. The stock’s 50 day simple moving average is $158.69 and its 200 day simple moving average is $144.45.

RTX (NYSE:RTX) last released its quarterly earnings data on Tuesday, July 22nd. The company reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.11. RTX had a return on equity of 12.89% and a net margin of 7.35%.The business had revenue of $21.58 billion for the quarter, compared to analysts’ expectations of $20.68 billion. During the same period in the prior year, the firm posted $1.41 EPS. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. As a group, research analysts forecast that RTX will post 6.11 earnings per share for the current fiscal year.

Insider Activity at RTX

In related news, VP Kevin G. Dasilva sold 8,704 shares of the business’s stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $156.20, for a total transaction of $1,359,564.80. Following the completion of the transaction, the vice president directly owned 30,004 shares in the company, valued at approximately $4,686,624.80. The trade was a 22.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Ramsaran Maharajh sold 1,462 shares of the business’s stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $152.26, for a total value of $222,604.12. Following the transaction, the executive vice president owned 13,184 shares of the company’s stock, valued at approximately $2,007,395.84. This trade represents a 9.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 56,635 shares of company stock worth $8,947,010 in the last quarter. 0.15% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. MorganRosel Wealth Management LLC purchased a new position in RTX in the 1st quarter worth approximately $26,000. PFS Partners LLC lifted its holdings in RTX by 101.1% in the 2nd quarter. PFS Partners LLC now owns 177 shares of the company’s stock worth $26,000 after purchasing an additional 89 shares in the last quarter. LFA Lugano Financial Advisors SA purchased a new position in RTX in the 2nd quarter worth approximately $29,000. Access Investment Management LLC purchased a new position in RTX in the 2nd quarter worth approximately $31,000. Finally, BOK Financial Private Wealth Inc. lifted its holdings in RTX by 45.3% in the 2nd quarter. BOK Financial Private Wealth Inc. now owns 250 shares of the company’s stock worth $37,000 after purchasing an additional 78 shares in the last quarter. 86.50% of the stock is owned by hedge funds and other 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.