Price action reveals Raytheon Technologies, Johnson Controls International PLC, Deere & Company as the stocks to watch as they near pivotal price targets in the near term.

Yesterday's session summary: Markets did not have a clear cut direction — S&P 500 closed at 4,155 after a flat day. Dow Jones closed 33,977 after a stable day.

What is a Price Target?

A "price target" is an estimate of the future price of a stock based on earnings forecasts and assumed valuation multiples. Price targets are typically generated by respected market analysts who believe a stock to be fairly valued relative to its projected and historical earnings. Target prices are used to evaluate stocks and can help investors evaluate the potential risk/reward profile of a stock. Check out this rundown of industrials stocks and their price targets.

Buyers pushing Raytheon Technologies towards its price target of $105.18; currently at $104.66

Ending Monday at $103.11, the US defence contractor rallied 1.5% yesterday and stayed at the $104.66 level. Yesterday's gains added to Raytheon Technologies's 8 days uptrend, during which it increased a total of $4.9. Daily trading volume (4.94 million shares) was slightly above the current multiday average of 4 million.

Raytheon Technologies hit a significant low of $81 around 6 months ago, but has since recovered 27.3%. Raytheon Technologies is currently trading with a market cap of $153.14 billion with an average daily trading volume of 4 million shares. So far this year, it has performed better than the Dow Jones by 1.41%.

Raytheon Technologies's recent run now faces a major challenge as concentrated supply is likely found at $105.18 with price action currently 52 cents away.

Raytheon Technologies disclosed a quarterly dividend of 55 cents per share on Friday, February 3rd that was paid on Thursday, March 23rd to all shareholders of record up until Friday, February 24th. Based on current prices, the company's decision thereby provides Raytheon Technologies investors with an annual dividend yield of 2.1%.

Raytheon Technologies is scheduled to announce earnings results Tuesday. The consensus Earnings Per Share estimate is 1.11 and the consensus revenue estimate is $16.97 billion.

Johnson Controls is trading at $58.19, its target level is $57.85

A mostly flat day so far for the American-Irish HVAC equipment company, range-bound between $58.06 and $58.95 and currently at $58.19. While flat yesterday, Johnson Controls is on a 9 day bullish trend, gaining a total of $2.53 throughout. Trading volume totalled 2 million which equates to around 50% of the stock's 21-day average yesterday.

Having soared to a high of $69.57 approximately 2 months ago, the American-Irish electronics company is now trading 16.3% lower. Currently, the American-Irish HVAC equipment company has a market capitalization of $39.99 billion with an average daily volume of 4 million shares. So far this year, it has been doing worse than the S&P 500 by 17.66%. Johnson Controls expected revenue of $6.25 billion with an EPS of 67 cents.

Johnson Controls is eyeing the $57.85 support line.

Johnson Controls disclosed a quarterly dividend of 36 cents per share on Wednesday, March 8th that was paid on Friday, April 14th to all shareholders of record up until Monday, March 20th. Based on current prices, the company's decision thereby provides Johnson Controls investors with an annual dividend yield of 2.47%.

Buyers pushing Deere & Company towards its price target of $400.2; currently at $396.69

After closing at $391.42 on Monday, John Deere rallied as high as $399.61 but ended the day at $396.69. John Deere has increased a total of $21.77 over the past 8 days, with yesterday's session contributing to the uptrend. The day's trading volume totalled 1.40 million shares — slightly below the 21-day average of 1.56 million.

4 months ago the multifaceted agricultural equipment manufacturer reached a significant high of $445.61 but has consequently lost 12.16% since then. The multifaceted agricultural equipment manufacturer's market cap currently stands at $117.55 billion with an average daily volume of 1.56 million shares. So far this year, it has been under-performing the S&P by 14.14%. Deere & Company has a forecast of $11.22 billion with an EPS of $5.53.

Deere & Company's run now faces a challenge at $400.2, which is only $3.51 away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow.

Looking back, the firm's board declared a dividend of $1.25 per share on Wednesday, February 22nd for all shareholders on record up until Friday, March 31st. Based on current prices, the move allows shareholders to receive an annual dividend yield of 1.26% this year to be paid on Monday, May 8th.