RTX Co. (NYSE:RTX) Shares Purchased by ST Germain D J Co. Inc.

ST Germain D J Co. Inc. raised its holdings in shares of RTX Co. (NYSE:RTX) by 1.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 15,723 shares of the company’s stock after buying an additional 262 shares during the period. ST Germain D J Co. Inc.’s holdings in RTX were worth $1,819,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. LRI Investments LLC lifted its holdings in RTX by 6.5% during the 3rd quarter. LRI Investments LLC now owns 77,543 shares of the company’s stock worth $9,221,000 after buying an additional 4,732 shares during the last quarter. Napa Wealth Management bought a new position in RTX during the 3rd quarter worth approximately $1,307,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings 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 last quarter. Kennebec Savings Bank bought a new position in RTX during the 3rd quarter worth approximately $953,000. Finally, Point72 Hong Kong Ltd lifted its holdings in RTX by 83.5% during the 3rd quarter. Point72 Hong Kong Ltd now owns 82,803 shares of the company’s stock worth $10,032,000 after buying an additional 37,671 shares during the last quarter. Institutional investors own 86.50% of the company’s stock.

RTX Stock Down 0.7 %

Shares of RTX stock opened at $115.06 on Friday. RTX Co. has a 1 year low of $84.43 and a 1 year high of $128.70. The stock has a market cap of $153.15 billion, a PE ratio of 32.87, a price-to-earnings-growth ratio of 2.08 and a beta of 0.81. The business’s fifty day moving average is $118.26 and its 200-day moving average is $116.71. 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 (NYSE:RTX) last issued its quarterly earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.11. RTX had a return on equity of 11.96% and a net margin of 5.97%. The company had revenue of $20.09 billion for the quarter, compared to analysts’ expectations of $19.84 billion. During the same period last year, the firm earned $1.25 EPS. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. Equities analysts expect that RTX Co. will post 5.56 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Wells Fargo & Company increased their target price on RTX from $140.00 to $151.00 and gave the stock an “overweight” rating in a report on Wednesday. Susquehanna cut their price target on RTX from $150.00 to $139.00 and set a “positive” rating on the stock in a report on Wednesday. Deutsche Bank Aktiengesellschaft raised RTX from a “hold” rating to a “buy” rating and raised their price target for the stock from $131.00 to $140.00 in a report on Thursday, January 2nd. TD Cowen raised RTX to a “strong-buy” rating in a report on Tuesday, October 8th. Finally, Barclays raised their price target on RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 29th. Six equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $156.87.

About RTX

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.