RTX Co. (NYSE:RTX) Stake Boosted by Field & Main Bank

Field & Main Bank raised its holdings in shares of RTX Co. (NYSE:RTX) by 0.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,720 shares of the company’s stock after purchasing an additional 150 shares during the period. Field & Main Bank’s holdings in RTX were worth $2,166,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Strategic Blueprint LLC raised its stake in RTX by 12.1% during the fourth quarter. Strategic Blueprint LLC now owns 8,235 shares of the company’s stock worth $953,000 after acquiring an additional 890 shares during the period. Robeco Institutional Asset Management B.V. boosted its position in RTX by 5.0% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 383,440 shares of the company’s stock valued at $44,372,000 after purchasing an additional 18,219 shares during the period. Foster Group Inc. bought a new position in RTX during the 4th quarter worth $213,000. Gateway Wealth Partners LLC increased its position in RTX by 107.3% in the fourth quarter. Gateway Wealth Partners LLC now owns 9,855 shares of the company’s stock worth $1,140,000 after buying an additional 5,100 shares during the period. Finally, Barry Investment Advisors LLC grew its position in shares of RTX by 1.0% during the fourth quarter. Barry Investment Advisors LLC now owns 55,044 shares of the company’s stock worth $6,370,000 after acquiring an additional 518 shares during the last quarter. 86.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on RTX. Susquehanna decreased their target price on RTX from $150.00 to $139.00 and set a “positive” rating for the company in a research note on Wednesday, January 8th. Citigroup upgraded shares of RTX from a “neutral” rating to a “buy” rating and raised their price objective for the company from $132.00 to $153.00 in a research report on Tuesday, January 21st. TD Cowen upgraded shares of RTX to a “strong-buy” rating in a report on Tuesday, October 8th. Wells Fargo & Company lifted their price target on shares of RTX from $140.00 to $151.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 8th. Finally, Morgan Stanley upped their target price on RTX from $120.00 to $130.00 and gave the company an “equal weight” rating in a report on Wednesday, October 23rd. Five equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $159.60.

RTX Stock Up 0.6 %

Shares of RTX opened at $129.11 on Wednesday. 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 company has a 50-day simple moving average of $118.67 and a 200-day simple moving average of $118.89. RTX Co. has a 52 week low of $88.90 and a 52 week high of $132.43. The firm has a market capitalization of $171.85 billion, a P/E ratio of 37.02, a P/E/G ratio of 1.99 and a beta of 0.81.

RTX (NYSE:RTX) last issued its earnings results on Tuesday, January 28th. The company reported $1.54 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.19. RTX had a return on equity of 11.96% and a net margin of 5.97%. On average, equities research analysts expect that RTX Co. will post 5.56 earnings per share for the current year.

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.