Blue Trust Inc. Has $2.83 Million Stake in RTX Co. (NYSE:RTX)

Blue Trust Inc. raised its stake in shares of RTX Co. (NYSE:RTX) by 11.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,382 shares of the company’s stock after buying an additional 2,354 shares during the quarter. Blue Trust Inc.’s holdings in RTX were worth $2,833,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in RTX by 51.5% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 17,451 shares of the company’s stock valued at $2,019,000 after acquiring an additional 5,929 shares during the period. OLIO Financial Planning bought a new stake in RTX during the 4th quarter worth approximately $260,000. Embree Financial Group raised its holdings in RTX by 3.4% during the 4th quarter. Embree Financial Group now owns 10,166 shares of the company’s stock worth $1,176,000 after buying an additional 339 shares during the period. First Citizens Bank & Trust Co. lifted its stake in RTX by 3.0% in the fourth quarter. First Citizens Bank & Trust Co. now owns 18,443 shares of the company’s stock valued at $2,134,000 after buying an additional 540 shares in the last quarter. Finally, Archford Capital Strategies LLC boosted its holdings in shares of RTX by 0.8% in the fourth quarter. Archford Capital Strategies LLC now owns 12,103 shares of the company’s stock valued at $1,401,000 after buying an additional 100 shares during the period. 86.50% of the stock is currently owned by institutional investors and hedge funds.

RTX Stock Down 0.5 %

Shares of RTX stock opened at $124.72 on Tuesday. RTX Co. has a 52-week low of $88.90 and a 52-week high of $128.70. 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 stock has a market cap of $166.00 billion, a price-to-earnings ratio of 35.63, a PEG ratio of 1.99 and a beta of 0.81. The firm’s 50-day moving average is $118.49 and its 200-day moving average is $118.70.

Analysts Set New Price Targets

Several research firms recently commented on RTX. Citigroup raised shares of RTX from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $132.00 to $153.00 in a research report on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft upgraded RTX from a “hold” rating to a “buy” rating and boosted their price target for the company from $131.00 to $140.00 in a report on Thursday, January 2nd. Morgan Stanley upped their price objective on RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 23rd. Wells Fargo & Company boosted their target price on RTX from $140.00 to $151.00 and gave the company an “overweight” rating in a research note on Wednesday, January 8th. Finally, Susquehanna reduced their price target on RTX from $150.00 to $139.00 and set a “positive” rating for the company in a research report on Wednesday, January 8th. Five investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $158.27.

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.