RTX Co. (NYSE:RTX) Shares Purchased by KBC Group NV

KBC Group NV grew its stake in shares of RTX Co. (NYSE:RTX) by 3.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 108,768 shares of the company’s stock after purchasing an additional 3,471 shares during the quarter. KBC Group NV’s holdings in RTX were worth $12,587,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of RTX. MidAtlantic Capital Management Inc. purchased a new stake in RTX in the third quarter valued at $29,000. Western Pacific Wealth Management LP acquired a new stake in shares of RTX during the third quarter worth about $41,000. Modus Advisors LLC purchased a new stake in shares of RTX in the 4th quarter valued at about $39,000. ORG Wealth Partners LLC acquired a new stake in shares of RTX in the 3rd quarter valued at about $50,000. Finally, Mowery & Schoenfeld Wealth Management LLC grew its stake in RTX by 20.1% during the 3rd quarter. Mowery & Schoenfeld Wealth Management LLC now owns 514 shares of the company’s stock worth $62,000 after buying an additional 86 shares during the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on RTX. Deutsche Bank Aktiengesellschaft raised RTX from a “hold” rating to a “buy” rating and increased their price objective for the company from $131.00 to $140.00 in a report on Thursday, January 2nd. Royal Bank of Canada increased their price target on shares of RTX from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday. Morgan Stanley upped their target price on shares of RTX from $130.00 to $135.00 and gave the company an “equal weight” rating in a report on Wednesday. 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. Finally, StockNews.com downgraded RTX from a “buy” rating to a “hold” rating in a research note on Wednesday. Six equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, RTX presently has an average rating of “Moderate Buy” and an average target price of $161.73.

RTX Trading Down 2.4 %

NYSE:RTX opened at $125.25 on Thursday. The stock has a market capitalization of $166.71 billion, a price-to-earnings ratio of 35.79, a PEG ratio of 1.99 and a beta of 0.81. RTX Co. has a 1 year low of $88.90 and a 1 year high of $132.43. The stock has a fifty day moving average price of $118.79 and a two-hundred day moving average price of $118.93. 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 announced its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 EPS for the quarter, beating the consensus estimate of $1.35 by $0.19. RTX had a net margin of 5.97% and a return on equity of 11.96%. As a group, sell-side analysts anticipate that RTX Co. will post 5.56 earnings per share for the current fiscal year.

RTX 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.