RTX Co. (NYSE:RTX) Holdings Raised by Griffin Asset Management Inc.

Griffin Asset Management Inc. increased its stake in shares of RTX Co. (NYSE:RTX) by 0.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 80,642 shares of the company’s stock after purchasing an additional 258 shares during the period. Griffin Asset Management Inc.’s holdings in RTX were worth $9,332,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. CX Institutional lifted its holdings in RTX by 21.9% in the fourth quarter. CX Institutional now owns 65,150 shares of the company’s stock valued at $7,539,000 after buying an additional 11,706 shares during the period. LRI Investments LLC lifted its stake in RTX by 6.5% in the third quarter. LRI Investments LLC now owns 77,543 shares of the company’s stock valued at $9,221,000 after acquiring an additional 4,732 shares during the last quarter. Napa Wealth Management bought a new position in shares of RTX during the 3rd quarter worth approximately $1,307,000. Czech National Bank grew its stake in RTX by 6.5% in the 4th quarter. Czech National Bank now owns 288,591 shares of the company’s stock valued at $33,396,000 after buying an additional 17,608 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in RTX by 16.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 78,994 shares of the company’s stock worth $9,510,000 after buying an additional 11,354 shares during the period. Institutional investors own 86.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on RTX shares. Susquehanna dropped their price objective on RTX from $150.00 to $139.00 and set a “positive” rating for the company in a research report on Wednesday, January 8th. Wells Fargo & Company upped their price objective on shares of RTX from $140.00 to $151.00 and gave the company an “overweight” rating in a report on Wednesday, January 8th. Barclays raised their target price on RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a report on Tuesday, October 29th. Royal Bank of Canada raised RTX from a “sector perform” rating to an “outperform” rating and raised their target price for the company from $130.00 to $140.00 in a research report on Thursday, December 19th. Finally, TD Cowen upgraded shares of RTX to a “strong-buy” rating in a research note on Tuesday, October 8th. Five equities research 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’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $158.27.

RTX Trading Down 0.5 %

RTX stock opened at $124.72 on Tuesday. The stock has a market cap of $166.00 billion, a PE ratio of 35.63, a price-to-earnings-growth ratio of 1.99 and a beta of 0.81. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 0.99. RTX Co. has a one year low of $88.90 and a one year high of $128.70. The stock has a 50-day moving average of $118.49 and a two-hundred day moving average of $118.70.

RTX (NYSE:RTX) last released its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share for the quarter, topping 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, research analysts anticipate that RTX Co. will post 5.56 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 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.