Franklin Street Advisors Inc. NC raised its stake in shares of RTX Co. (NYSE:RTX – Free Report) by 0.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 275,135 shares of the company’s stock after acquiring an additional 1,130 shares during the period. RTX makes up 2.3% of Franklin Street Advisors Inc. NC’s investment portfolio, making the stock its 13th biggest holding. Franklin Street Advisors Inc. NC’s holdings in RTX were worth $26,952,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors also recently bought and sold shares of the company. Morgan Stanley raised its position in RTX by 11.3% during the 4th quarter. Morgan Stanley now owns 30,509,436 shares of the company’s stock worth $3,079,013,000 after buying an additional 3,104,282 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of RTX by 2.7% during the 1st quarter. Geode Capital Management LLC now owns 26,237,984 shares of the company’s stock worth $2,563,118,000 after buying an additional 696,262 shares in the last quarter. Norges Bank purchased a new position in shares of RTX during the 4th quarter worth approximately $1,580,608,000. Moneta Group Investment Advisors LLC raised its stake in shares of RTX by 87,932.7% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 13,614,259 shares of the company’s stock worth $1,373,951,000 after buying an additional 13,598,794 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of RTX by 0.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 11,169,475 shares of the company’s stock worth $1,110,937,000 after buying an additional 101,939 shares in the last quarter. Hedge funds and other institutional investors own 79.06% of the company’s stock.
Analysts Set New Price Targets
RTX has been the subject of a number of analyst reports. Wells Fargo & Company cut their target price on RTX from $100.00 to $78.00 and set an “equal weight” rating for the company in a research note on Monday. Citigroup cut their price target on shares of RTX from $113.50 to $95.00 and set a “neutral” rating for the company in a report on Thursday, July 27th. StockNews.com upgraded shares of RTX from a “hold” rating to a “buy” rating in a report on Tuesday. Royal Bank of Canada downgraded shares of RTX from an “outperform” rating to a “sector perform” rating and cut their price target for the company from $105.00 to $82.00 in a report on Tuesday, September 12th. Finally, TD Cowen dropped their price objective on RTX from $109.00 to $99.00 and set an “outperform” rating for the company in a research note on Tuesday, September 12th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, RTX presently has an average rating of “Hold” and a consensus price target of $94.06.
Check Out Our Latest Stock Analysis on RTX
RTX Stock Performance
RTX stock opened at $74.43 on Thursday. The company has a market capitalization of $108.33 billion, a price-to-earnings ratio of 19.74, a PEG ratio of 1.85 and a beta of 0.97. RTX Co. has a fifty-two week low of $73.62 and a fifty-two week high of $108.84. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.81 and a current ratio of 1.10. The stock has a fifty day moving average of $85.84 and a two-hundred day moving average of $93.55.
RTX (NYSE:RTX – Get Free Report) last issued its quarterly earnings results on Tuesday, July 25th. The company reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.18 by $0.11. The business had revenue of $18.32 billion during the quarter, compared to the consensus estimate of $17.68 billion. RTX had a net margin of 7.88% and a return on equity of 9.98%. The company’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.16 earnings per share. On average, analysts anticipate that RTX Co. will post 4.99 EPS 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 worldwide. It operates through four segments: Collins Aerospace, Pratt & Whitney, Raytheon Intelligence & Space, and Raytheon Missiles & Defense. The Collins Aerospace Systems segment offers aerospace and defense products, and aftermarket service solutions for aircraft manufacturers and airlines, as well as regional, business, and general aviation; and for defense and commercial space operations.
Featured Articles
Want to see what other hedge funds are holding RTX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for RTX Co. (NYSE:RTX – Free Report).
Receive News & Ratings for RTX Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for RTX and related companies with MarketBeat.com’s FREE daily email newsletter.