TD Cowen Cuts RTX Price Target to $225

TD Cowen has reiterated its Buy rating on RTX Corporation (NYSE: RTX) on October 9, 2026, lowering its price target from $240 to $225. The recent share price was around $192.40 as of October 16, 2026, which puts it approximately 15.5% below the new target.

TD Cowen's Call on RTX Corporation

TD Cowen maintains a Buy rating on RTX Corporation, adjusting the price target to $225. This represents a decrease from the previous target of $240. The firm believes the company remains a strong investment despite the target adjustment.

Other Institutional Activity in RTX Corporation

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

RTX Corporation Stock Up 3.2%

RTX shares are currently trading below their 50-day moving average of $200.72 and their 200-day moving average of $194.99. They are also about 15.2% below their 52-week high of $226.88. However, the stock is trading 23.3% above its 52-week low of $156.10, indicating some resilience despite recent pressures.

Recent Earnings

For the trailing twelve months, RTX Corporation reported revenue of approximately $93.5 billion and an earnings per share (EPS) of $5.68. The company's revenue growth year-over-year stands at 14.5%, with a net margin of 8.3% and a return on equity of 12.3%. The next earnings report is scheduled for October 20, 2026.

Dividend

RTX Corporation has a dividend yield of 1.56% and a payout ratio of 48.8%. This suggests a balanced approach to returning value to shareholders while retaining enough capital for growth.

Insider Buying and Selling at RTX Corporation

Recent insider transactions include Troy D. Brunk, an officer, who sold 8,557 shares on July 24, 2026, valued at approximately $1.8 million. Director Tracy A. Atkinson sold 2,295 shares for about $500,424 on July 27, 2026. Additionally, General Counsel Ramsaran Maharajh Jr. sold 13,655 shares on August 18, 2026, valued at about $3.1 million. These transactions occurred before the recent analyst ratings and may reflect personal financial planning rather than company outlook.

Analysts Set New Price Targets

On October 9, 2026, TD Cowen maintained its Buy rating and adjusted its price target for RTX Corporation to $225. Bernstein also maintained its Market Perform rating, adjusting its target from $213 to $232 on August 3, 2026, and then from $232 to $223 on September 23, 2026. The consensus target price among analysts is approximately $227.78, with 23 analysts providing insights.

About RTX Corporation

RTX Corporation is an aerospace and defense company based in Arlington, Virginia. It provides a range of systems and services for commercial, military, and government customers. The company operates through three main segments: Collins Aerospace, Pratt & Whitney, and Raytheon. This firm is well-positioned to benefit from ongoing demand in the defense sector and commercial aerospace markets.

Bottom Line

Investors should keep an eye on RTX Corporation's next earnings report on October 20, 2026, and watch for any further analyst updates. The recent adjustments in price targets reflect ongoing evaluations of the company's performance amidst market fluctuations.