Empirical Asset Management LLC Makes New $8.39 Million Investment in RTX Co. (NYSE:RTX)

Empirical Asset Management LLC purchased a new stake in shares of RTX Co. (NYSE:RTX - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 72,478 shares of the company's stock, valued at approximately $8,387,000.

A number of other large investors also recently made changes to their positions in the company. Cvfg LLC bought a new position in shares of RTX during the 4th quarter worth approximately $238,000. Bouvel Investment Partners LLC lifted its holdings in RTX by 0.8% during the fourth quarter. Bouvel Investment Partners LLC now owns 28,788 shares of the company's stock worth $3,331,000 after acquiring an additional 216 shares during the period. Cohen Investment Advisors LLC boosted its position in RTX by 0.7% in the fourth quarter. Cohen Investment Advisors LLC now owns 28,887 shares of the company's stock worth $3,343,000 after purchasing an additional 195 shares during the last quarter. JGP Wealth Management LLC grew its stake in RTX by 0.5% in the 4th quarter. JGP Wealth Management LLC now owns 94,341 shares of the company's stock valued at $10,917,000 after purchasing an additional 508 shares during the period. Finally, Ritholtz Wealth Management grew its stake in RTX by 9.5% in the 4th quarter. Ritholtz Wealth Management now owns 28,103 shares of the company's stock valued at $3,252,000 after purchasing an additional 2,441 shares during the period. 86.50% of the stock is owned by institutional investors.

RTX Trading Up 0.7 %

Shares of RTX traded up $0.84 during mid-day trading on Friday, hitting $121.30. 4,182,063 shares of the company's stock traded hands, compared to its average volume of 3,971,923. The business's 50-day moving average price is $118.14 and its 200-day moving average price is $117.30. RTX Co. has a 1 year low of $84.43 and a 1 year high of $128.70. The firm has a market capitalization of $161.45 billion, a P/E ratio of 34.66, a PEG ratio of 1.84 and a beta of 0.81. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 0.62.

RTX (NYSE:RTX - Get Free Report) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, topping the consensus estimate of $1.34 by $0.11. The business had revenue of $20.09 billion during the quarter, compared to analyst estimates of $19.84 billion. RTX had a net margin of 5.97% and a return on equity of 11.96%. The company's revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.25 EPS. As a group, sell-side analysts forecast that RTX Co. will post 5.55 EPS for the current fiscal year.

Analyst Ratings Changes

RTX has been the topic of a number of research analyst reports. Susquehanna cut their price target on shares of RTX from $150.00 to $139.00 and set a "positive" rating on the stock in a report on Wednesday, January 8th. Wells Fargo & Company lifted their price objective on shares of RTX from $140.00 to $151.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 8th. UBS Group increased their target price on shares of RTX from $126.00 to $133.00 and gave the company a "neutral" rating in a research report on Wednesday, October 23rd. TD Cowen raised shares of RTX to a "strong-buy" rating in a report on Tuesday, October 8th. Finally, Royal Bank of Canada upgraded RTX from a "sector perform" rating to an "outperform" rating and boosted their target price for the company from $130.00 to $140.00 in a research note on Thursday, December 19th. 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 company's stock. According to MarketBeat, RTX presently has an average rating of "Moderate Buy" and a consensus price target of $156.87.

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.