Barclays Rates RTX Overweight, $223 Price Target

Barclays has reiterated its Overweight rating on RTX Corporation (NYSE: RTX) on October 9, 2026, setting a price target of $223. The stock is currently trading below this target, recently at $192.40 as of October 16, 2026.

What Changed in Barclays' RTX Position

Barclays maintains its Overweight rating on RTX, with a target price of $223.

Other Institutional Activity in RTX Corporation

Several other institutional investors have also been active with RTX shares. Blackrock Inc. grew its holdings by 1,483,018 shares, bringing its total to about 110.5 million shares valued at approximately $21.4 billion. State Street Corporation added 2,824,093 shares, resulting in 95.4 million shares worth about $18.5 billion. Vanguard Capital Management LLC increased its stake by 723,952 shares, totaling around 87.9 million shares valued at about $17.1 billion. Meanwhile, JPMorgan Chase & Co. reduced its holdings by 4,184,884 shares, ending with 37.2 million shares valued at roughly $7.2 billion.

RTX Corporation Stock Up 3.2%

RTX shares are currently trading below both their 50-day and 200-day moving averages, by approximately 4.1% and 1.3%, respectively. The stock is also about 15.2% below its 52-week high of $226.88, but remains 23.3% above its 52-week low of $156.10. The recent price of $192.40 is also about 15.5% below the mean price target of $227.78 set by analysts.

Recent Earnings

RTX Corporation reported trailing twelve-month revenue of approximately $93.5 billion and earnings per share (EPS) of $5.68. The company has a revenue growth rate of 14.5% year-over-year. The next earnings report is scheduled for October 20, 2026.

Dividend

RTX pays an annual dividend yield of 1.56%, with a payout ratio of 48.8%.

Insider Buying and Selling at RTX Corporation

Insider trading at RTX has seen several sales. On July 24, 2026, Officer Troy D. Brunk sold 8,557 shares valued at about $1.8 million. Director Tracy A. Atkinson sold 2,295 shares at an average price of $218.05, totaling approximately $500,424 on July 27, 2026. On July 28, 2026, Officer and Treasurer Kevin G. Dasilva sold 7,010 shares valued at around $1.5 million, while General Counsel Ramsaran Maharajh Jr. sold 13,655 shares at an average price of $223.92, worth about $3.1 million, on August 18, 2026.

Analysts Set New Price Targets

On October 9, 2026, Barclays initiated coverage on RTX Corporation with an Overweight rating and a price target of $223. Also on the same day, TD Cowen maintained a Buy rating with a lowered target of $225, down from $240. Bernstein maintained a Market Perform rating with a target of $223, adjusting it down from $232 on September 23, 2026. Analysts have a consensus recommendation of Buy with a mean target price of $227.78 based on 23 opinions.

About RTX Corporation

RTX Corporation is an aerospace and defense company that provides systems and services to commercial, military, and government clients globally. The company operates through three segments: Collins Aerospace, Pratt & Whitney, and Raytheon. This reiteration of Barclays' rating suggests continued confidence in RTX's performance despite the current trading levels.

Bottom Line

Investors should keep an eye on RTX's upcoming earnings report on October 20, 2026, and watch for any further updates from analysts. Barclays' reiteration of its Overweight rating indicates a positive outlook for the company, despite the stock trading below its target price.