RTX (NYSE:RTX) Coverage Initiated at Wells Fargo & Company

Wells Fargo & Company initiated coverage on shares of RTX (NYSE:RTXGet Free Report) in a research report issued to clients and investors on Wednesday. The firm set an “equal weight” rating and a $200.00 price target on the stock. Wells Fargo & Company‘s price target indicates a potential upside of 3.69% from the company’s current price.

A number of other research firms have also recently commented on RTX. Royal Bank Of Canada lifted their price target on RTX from $220.00 to $230.00 and gave the stock an “outperform” rating in a report on Wednesday, January 28th. DZ Bank cut RTX from a “hold” rating to a “strong sell” rating in a research note on Friday, February 6th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $204.00 price objective on shares of RTX in a report on Thursday, January 29th. Wolfe Research reaffirmed an “outperform” rating on shares of RTX in a report on Wednesday, February 4th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of RTX in a report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, RTX has a consensus rating of “Moderate Buy” and an average price target of $205.11.

View Our Latest Research Report on RTX

RTX Price Performance

Shares of RTX opened at $192.89 on Wednesday. The company has a current ratio of 1.03, a quick ratio of 0.80 and a debt-to-equity ratio of 0.51. The company’s fifty day simple moving average is $200.30 and its 200 day simple moving average is $183.92. RTX has a 1-year low of $112.27 and a 1-year high of $214.50. The company has a market cap of $259.62 billion, a price-to-earnings ratio of 38.89, a PEG ratio of 2.71 and a beta of 0.42.

RTX (NYSE:RTXGet Free Report) last announced its quarterly earnings results on Tuesday, January 27th. The company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.08. The firm had revenue of $24.24 billion during the quarter, compared to analysts’ expectations of $22.65 billion. RTX had a net margin of 7.60% and a return on equity of 13.08%. The company’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.54 earnings per share. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. On average, research analysts forecast that RTX will post 6.11 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Dantaya M. Williams sold 12,713 shares of RTX stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $202.83, for a total value of $2,578,577.79. Following the completion of the sale, the executive vice president directly owned 16,749 shares in the company, valued at approximately $3,397,199.67. The trade was a 43.15% 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. Also, VP Kevin G. Dasilva sold 8,136 shares of the business’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $201.30, for a total value of $1,637,776.80. Following the completion of the sale, the vice president owned 27,102 shares of the company’s stock, valued at approximately $5,455,632.60. This trade represents a 23.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 89,255 shares of company stock worth $18,151,956. 0.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On RTX

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Navalign LLC bought a new position in shares of RTX in the fourth quarter worth $25,000. Commonwealth Retirement Investments LLC bought a new position in RTX in the 4th quarter valued at about $26,000. BNP Paribas acquired a new position in shares of RTX in the 3rd quarter valued at approximately $25,000. Core Wealth Advisors LLC bought a new stake in shares of RTX during the 4th quarter worth approximately $31,000. Finally, 1 North Wealth Services LLC boosted its position in shares of RTX by 456.7% during the 4th quarter. 1 North Wealth Services LLC now owns 167 shares of the company’s stock worth $31,000 after acquiring an additional 137 shares in the last quarter. 86.50% of the stock is owned by institutional investors and hedge funds.

Key RTX News

Here are the key news stories impacting RTX this week:

RTX Company Profile

(Get Free Report)

RTX (NYSE: RTX) is a U.S.-based aerospace and defense company that designs, manufactures and services advanced systems for commercial, military and governmental customers worldwide. The company was created through the 2020 combination of Raytheon Company and United Technologies Corporation and later adopted the RTX name, positioning itself as a diversified provider across the aerospace and defense value chain.

RTX’s operations span a broad set of capabilities. Its commercial aerospace businesses include Pratt & Whitney aircraft engines and Collins Aerospace systems, which supply propulsion, avionics, aerostructures, interiors and integrated aircraft systems.

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Analyst Recommendations for RTX (NYSE:RTX)

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