RTX Co. (NYSE:RTX) Shares Acquired by Ballentine Partners LLC

Ballentine Partners LLC increased its stake in shares of RTX Co. (NYSE:RTX) by 0.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,296 shares of the company’s stock after buying an additional 157 shares during the quarter. Ballentine Partners LLC’s holdings in RTX were worth $3,274,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Atwood & Palmer Inc. grew its stake in RTX by 0.9% during the 4th quarter. Atwood & Palmer Inc. now owns 13,474 shares of the company’s stock valued at $1,559,000 after purchasing an additional 125 shares during the last quarter. Pure Financial Advisors LLC boosted its position in RTX by 0.7% in the fourth quarter. Pure Financial Advisors LLC now owns 16,852 shares of the company’s stock valued at $1,950,000 after buying an additional 114 shares during the last quarter. Tudor Financial Inc. increased its holdings in RTX by 1.6% in the 4th quarter. Tudor Financial Inc. now owns 6,684 shares of the company’s stock worth $773,000 after buying an additional 106 shares during the period. Leonard Rickey Investment Advisors P.L.L.C. raised its position in RTX by 10.7% during the 4th quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 1,853 shares of the company’s stock worth $214,000 after buying an additional 179 shares during the last quarter. Finally, LaFleur & Godfrey LLC lifted its stake in RTX by 0.5% during the 4th quarter. LaFleur & Godfrey LLC now owns 178,191 shares of the company’s stock valued at $20,620,000 after acquiring an additional 900 shares during the period. 86.50% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Barclays increased their price objective on shares of RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 29th. Citigroup lifted their price objective on RTX from $122.00 to $132.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Morgan Stanley upped their target price on RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 23rd. UBS Group lifted their price target on RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Finally, TD Cowen upgraded RTX to a “strong-buy” rating in a research report on Tuesday, October 8th. Six research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $156.87.

RTX Stock Performance

NYSE RTX opened at $121.30 on Tuesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 0.99. The stock’s fifty day moving average is $118.03 and its two-hundred day moving average is $117.84. The firm has a market capitalization of $161.45 billion, a P/E ratio of 34.66, a price-to-earnings-growth ratio of 1.93 and a beta of 0.81. RTX Co. has a fifty-two week low of $84.43 and a fifty-two week high of $128.70.

RTX (NYSE:RTX) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.11. RTX had a net margin of 5.97% and a return on equity of 11.96%. The firm had revenue of $20.09 billion during the quarter, compared to analysts’ expectations of $19.84 billion. During the same period last year, the business earned $1.25 earnings per share. RTX’s revenue was up 6.0% compared to the same quarter last year. On average, research analysts anticipate that RTX Co. will post 5.56 earnings per share for the current year.

About RTX

RTX Corporation, an aerospace and defense company, provides systems and services for the commercial, military, and government customers in the United States and internationally. It operates through three segments: Collins Aerospace, Pratt & Whitney, and Raytheon. The Collins Aerospace Systems segment offers aerospace and defense products, and aftermarket service solutions for civil and military aircraft manufacturers and commercial airlines, as well as regional, business, and general aviation, defense, and commercial space operations.