True North Advisors LLC Purchases 681 Shares of RTX Co. (NYSE:RTX)

True North Advisors LLC grew its position in RTX Co. (NYSE:RTX) by 18.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,365 shares of the company’s stock after acquiring an additional 681 shares during the quarter. True North Advisors LLC’s holdings in RTX were worth $505,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. LRI Investments LLC increased its holdings in shares of RTX by 6.5% in the 3rd quarter. LRI Investments LLC now owns 77,543 shares of the company’s stock worth $9,221,000 after buying an additional 4,732 shares during the last quarter. Napa Wealth Management bought a new stake in shares of RTX in the 3rd quarter valued at approximately $1,307,000. Czech National Bank boosted its holdings in shares of RTX by 6.5% in the 4th quarter. Czech National Bank now owns 288,591 shares of the company’s stock worth $33,396,000 after purchasing an additional 17,608 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in shares of RTX by 16.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 78,994 shares of the company’s stock valued at $9,510,000 after purchasing an additional 11,354 shares during the last quarter. Finally, Empirical Asset Management LLC purchased a new stake in RTX during the 4th quarter valued at $8,387,000. 86.50% of the stock is currently owned by institutional investors.

RTX Stock Down 1.0 %

Shares of NYSE RTX opened at $124.49 on Thursday. The stock has a market capitalization of $165.69 billion, a PE ratio of 35.57, a price-to-earnings-growth ratio of 2.01 and a beta of 0.81. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.62. RTX Co. has a 12-month low of $87.96 and a 12-month high of $128.70. The stock’s fifty day simple moving average is $118.10 and its two-hundred day simple moving average is $118.06.

RTX (NYSE:RTX) last posted its earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.11. The company 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%. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.25 earnings per share. As a group, analysts expect that RTX Co. will post 5.56 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on RTX shares. Citigroup raised shares of RTX from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $132.00 to $153.00 in a research note on Tuesday. Morgan Stanley lifted their price target on shares of RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft raised shares of RTX from a “hold” rating to a “buy” rating and increased their price objective for the stock from $131.00 to $140.00 in a research report on Thursday, January 2nd. UBS Group boosted their target price on RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Finally, Susquehanna dropped their price objective on RTX from $150.00 to $139.00 and set a “positive” rating for the company in a report on Wednesday, January 8th. Five research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, RTX currently has a consensus rating of “Moderate Buy” and an average target price of $158.27.

RTX 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.