Tompkins Financial Corp Has $561,000 Stock Holdings in RTX Co. (NYSE:RTX)

Tompkins Financial Corp reduced its position in RTX Co. (NYSE:RTX) by 2.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 4,844 shares of the company’s stock after selling 100 shares during the period. Tompkins Financial Corp’s holdings in RTX were worth $561,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Acadian Asset Management LLC boosted its stake in shares of RTX by 26.4% in the 2nd quarter. Acadian Asset Management LLC now owns 1,700 shares of the company’s stock valued at $170,000 after purchasing an additional 355 shares during the last quarter. Federated Hermes Inc. boosted its stake in RTX by 36.1% in the second quarter. Federated Hermes Inc. now owns 9,613 shares of the company’s stock valued at $965,000 after acquiring an additional 2,552 shares during the last quarter. Edgestream Partners L.P. grew its holdings in RTX by 140.5% during the 2nd quarter. Edgestream Partners L.P. now owns 8,022 shares of the company’s stock worth $805,000 after acquiring an additional 4,686 shares during the period. E Fund Management Co. Ltd. bought a new stake in shares of RTX during the 2nd quarter valued at $201,000. Finally, Meiji Yasuda Life Insurance Co lifted its stake in shares of RTX by 9.7% in the 2nd quarter. Meiji Yasuda Life Insurance Co now owns 3,725 shares of the company’s stock valued at $374,000 after purchasing an additional 330 shares during the period. Institutional investors own 86.50% of the company’s stock.

Wall Street Analyst Weigh In

RTX has been the subject of a number of recent analyst reports. Royal Bank of Canada upgraded RTX from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $130.00 to $140.00 in a report on Thursday, December 19th. Morgan Stanley boosted their price objective on shares of RTX from $120.00 to $130.00 and gave the company an “equal weight” rating in a report on Wednesday, October 23rd. Susquehanna reduced their price target on shares of RTX from $150.00 to $139.00 and set a “positive” rating on the stock in a research report on Wednesday, January 8th. Wells Fargo & Company upped their price objective on shares of RTX from $140.00 to $151.00 and gave the company an “overweight” rating in a research report on Wednesday, January 8th. Finally, Barclays boosted their target price on RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 29th. Six analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $156.87.

RTX Price Performance

NYSE RTX opened at $120.38 on Friday. RTX Co. has a 12-month low of $84.43 and a 12-month high of $128.70. The firm’s 50 day moving average is $118.14 and its 200-day moving average is $117.30. The company has a market capitalization of $160.22 billion, a PE ratio of 34.39, a price-to-earnings-growth ratio of 1.84 and a beta of 0.81. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 0.62.

RTX (NYSE:RTX) last released its earnings results 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. The business had revenue of $20.09 billion for the quarter, compared to analyst estimates of $19.84 billion. RTX had a return on equity of 11.96% and a net margin of 5.97%. RTX’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.25 earnings per share. Equities research analysts anticipate that RTX Co. will post 5.55 earnings per share for the current fiscal year.

RTX Company Profile

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.