RTX Co. (NYSE:RTX) Shares Acquired by Sharp Financial Services LLC

Sharp Financial Services LLC lifted its stake in shares of RTX Co. (NYSE:RTX) by 13.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,395 shares of the company’s stock after acquiring an additional 523 shares during the period. Sharp Financial Services LLC’s holdings in RTX were worth $509,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in RTX. Gabelli Funds LLC boosted its stake in shares of RTX by 5.6% during the second quarter. Gabelli Funds LLC now owns 56,640 shares of the company’s stock valued at $5,686,000 after acquiring an additional 3,000 shares during the last quarter. Public Sector Pension Investment Board boosted its stake in shares of RTX by 234.4% during the second quarter. Public Sector Pension Investment Board now owns 51,113 shares of the company’s stock valued at $5,131,000 after acquiring an additional 35,828 shares during the last quarter. Evergreen Capital Management LLC boosted its stake in shares of RTX by 4.7% during the second quarter. Evergreen Capital Management LLC now owns 19,029 shares of the company’s stock valued at $1,910,000 after acquiring an additional 861 shares during the last quarter. Mill Creek Capital Advisors LLC boosted its stake in shares of RTX by 5.0% during the second quarter. Mill Creek Capital Advisors LLC now owns 3,451 shares of the company’s stock valued at $346,000 after acquiring an additional 164 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in shares of RTX by 47.8% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 254,674 shares of the company’s stock valued at $25,567,000 after acquiring an additional 82,421 shares during the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on RTX shares. TD Cowen raised RTX to a “strong-buy” rating in a research note on Tuesday, October 8th. Royal Bank of Canada raised RTX from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from $130.00 to $140.00 in a research note on Thursday, December 19th. Citigroup raised RTX from a “neutral” rating to a “buy” rating and raised their price target for the stock from $132.00 to $153.00 in a research note on Tuesday. UBS Group raised their price target on RTX from $126.00 to $133.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Finally, Morgan Stanley raised their price target on RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 23rd. Five investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, RTX presently has an average rating of “Moderate Buy” and a consensus price target of $158.27.

RTX Stock Performance

RTX stock opened at $124.49 on Thursday. The stock’s 50-day moving average is $118.10 and its 200-day moving average is $118.06. The company has a market cap of $165.69 billion, a price-to-earnings ratio of 35.57, a price-to-earnings-growth ratio of 2.01 and a beta of 0.81. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.99 and a quick ratio of 0.73. RTX Co. has a 12 month low of $87.96 and a 12 month high of $128.70.

RTX (NYSE:RTX) last announced its earnings results on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, beating the consensus estimate of $1.34 by $0.11. The business had revenue of $20.09 billion for the quarter, compared to the consensus estimate of $19.84 billion. RTX had a return on equity of 11.96% and a net margin of 5.97%. The company’s revenue was up 6.0% on a year-over-year basis. During the same period last year, the business posted $1.25 EPS. Equities analysts anticipate that RTX Co. will post 5.56 earnings per share for the current 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.