Franklin Parlapiano Turner & Welch LLC Reduces Holdings in RTX Co. (NYSE:RTX)

Franklin Parlapiano Turner & Welch LLC decreased its holdings in RTX Co. (NYSE:RTX - Free Report) by 5.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 75,337 shares of the company's stock after selling 4,412 shares during the quarter. RTX makes up 2.4% of Franklin Parlapiano Turner & Welch LLC's investment portfolio, making the stock its 11th biggest holding. Franklin Parlapiano Turner & Welch LLC's holdings in RTX were worth $8,718,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Geode Capital Management LLC boosted its position in RTX by 1.9% during the third quarter. Geode Capital Management LLC now owns 27,263,780 shares of the company's stock valued at $3,290,622,000 after acquiring an additional 508,344 shares during the last quarter. Fisher Asset Management LLC boosted its position in shares of RTX by 4.8% during the 3rd quarter. Fisher Asset Management LLC now owns 18,471,471 shares of the company's stock valued at $2,238,004,000 after purchasing an additional 852,183 shares in the last quarter. FMR LLC grew its stake in RTX by 8.7% during the third quarter. FMR LLC now owns 6,102,848 shares of the company's stock worth $739,421,000 after purchasing an additional 490,109 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in RTX by 2.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,886,614 shares of the company's stock worth $713,222,000 after purchasing an additional 140,697 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its stake in RTX by 1.3% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,937,660 shares of the company's stock valued at $355,927,000 after buying an additional 38,930 shares during the period. 86.50% of the stock is owned by institutional investors.

RTX Stock Up 2.9 %

RTX stock traded up $3.61 during midday trading on Thursday, hitting $128.74. 2,127,858 shares of the stock were exchanged, compared to its average volume of 4,520,302. RTX Co. has a 52-week low of $88.90 and a 52-week high of $132.43. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 0.62. The business's 50-day moving average price is $118.79 and its 200-day moving average price is $118.93. The stock has a market capitalization of $171.35 billion, a price-to-earnings ratio of 36.72, a price-to-earnings-growth ratio of 1.99 and a beta of 0.81.

RTX (NYSE:RTX - Get Free Report) last announced its 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 expect that RTX Co. will post 5.56 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently weighed in on RTX. TD Cowen upgraded shares of RTX to a "strong-buy" rating in a research note on Tuesday, October 8th. Barclays increased their price objective on shares of RTX from $108.00 to $130.00 and gave the stock an "equal weight" rating in a research report on Tuesday, October 29th. 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 report on Wednesday, January 8th. Citigroup upgraded RTX from a "neutral" rating to a "buy" rating and increased their price target for the stock from $132.00 to $153.00 in a report on Tuesday, January 21st. Finally, JPMorgan Chase & Co. boosted their price objective on RTX from $140.00 to $150.00 and gave the company an "overweight" rating in a report on Wednesday. Six analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $162.73.

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.