Fintel reports that on December 19, 2024, RBC Capital upgraded their outlook for RTX (NYSE:RTX) from Sector Perform to Outperform.
Analyst Price Forecast Suggests 17.39% Upside
As of December 3, 2024, the average one-year price target for RTX is $134.35/share. The forecasts range from a low of $83.83 to a high of $164.85. The average price target represents an increase of 17.39% from its latest reported closing price of $114.45 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for RTX is 79,135MM, an increase of 0.12%. The projected annual non-GAAP EPS is 6.07.
What is the Fund Sentiment?
There are 3,640 funds or institutions reporting positions in RTX. This is an increase of 200 owner(s) or 5.81% in the last quarter. Average portfolio weight of all funds dedicated to RTX is 0.48%, an increase of 0.72%. Total shares owned by institutions decreased in the last three months by 2.48% to 1,362,817K shares. 
The put/call ratio of RTX is 0.80, indicating a bullish outlook.
What are Other Shareholders Doing?
Capital Research Global Investors holds 79,499K shares representing 5.97% ownership of the company. In its prior filing, the firm reported owning 91,495K shares , representing a decrease of 15.09%. The firm decreased its portfolio allocation in RTX by 0.67% over the last quarter.
Capital International Investors holds 63,680K shares representing 4.78% ownership of the company. In its prior filing, the firm reported owning 70,431K shares , representing a decrease of 10.60%. The firm increased its portfolio allocation in RTX by 1.73% over the last quarter.
Dodge & Cox holds 44,399K shares representing 3.34% ownership of the company. In its prior filing, the firm reported owning 44,285K shares , representing an increase of 0.26%. The firm increased its portfolio allocation in RTX by 14.01% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 42,187K shares representing 3.17% ownership of the company. In its prior filing, the firm reported owning 41,991K shares , representing an increase of 0.46%. The firm increased its portfolio allocation in RTX by 13.88% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 34,839K shares representing 2.62% ownership of the company. In its prior filing, the firm reported owning 34,123K shares , representing an increase of 2.06%. The firm increased its portfolio allocation in RTX by 13.40% over the last quarter.
Raytheon Technologies Background Information
(This description is provided by the company.)
Raytheon Technologies Corporation is an aerospace and defense company that provides advanced systems and services for commercial, military and government customers worldwide. With four industry-leading businesses ― Collins Aerospace Systems, Pratt & Whitney, Raytheon Intelligence & Space and Raytheon Missiles & Defense ― the company delivers solutions that push the boundaries in avionics, cybersecurity, directed energy, electric propulsion, hypersonics, and quantum physics. The company, formed in 2020 through the combination of Raytheon Company and the United Technologies Corporation aerospace businesses, is headquartered in Waltham, Massachusetts.
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
