Shares of RTX rose to $101.69 during today's morning trading session. Despite the 2.4% change, the Large-Cap Aerospace & Defense company still trades 5.56% above its average analyst target price of $96.33. So there may be further downside for the Aerospace & Defense stock. RTX has target prices ranging from $70.0 to $120.0 per share, and its average rating is hold.
The stock has an average amount of shares sold short at 3.0%, and a short ratio of 4.64. At 0.09%, the company's rate of insider ownership does not indicate that management is heavily invested in the corporation. Finally, we also note that a significant number of institutional investors are invested in the stock, with 87.1% of RTX's shares being owned by this investor type.
Institutions Invested in RTX
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-12-31 | Vanguard Group Inc | 9% | 123,933,672 | $12,602,815,408 |
| 2023-12-31 | State Street Corporation | 9% | 121,366,724 | $12,341,782,459 |
| 2023-12-31 | Blackrock Inc. | 8% | 104,985,755 | $10,676,001,682 |
| 2023-12-31 | Capital Research Global Investors | 7% | 90,430,489 | $9,195,876,647 |
| 2023-12-31 | Capital International Investors | 5% | 65,233,410 | $6,633,585,622 |
| 2023-12-31 | Morgan Stanley | 4% | 53,211,842 | $5,411,112,342 |
| 2023-12-31 | Dodge & Cox Inc | 3% | 42,189,300 | $4,290,230,020 |
| 2023-12-31 | JP Morgan Chase & Company | 2% | 27,832,068 | $2,830,243,062 |
| 2023-12-31 | Geode Capital Management, LLC | 2% | 27,661,882 | $2,812,936,848 |
| 2023-12-31 | Wellington Management Group, LLP | 2% | 25,394,067 | $2,582,322,735 |
Besides an analyst consensus of little upside potential, other market factors point to there being mixed market sentiment on RTX.
