Gateway Investment Advisers LLC Has $63.69 Million Stock Holdings in RTX Co. (NYSE:RTX)

Gateway Investment Advisers LLC lessened its holdings in shares of RTX Co. (NYSE:RTX - Free Report) by 0.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 550,355 shares of the company's stock after selling 3,594 shares during the period. RTX accounts for approximately 0.7% of Gateway Investment Advisers LLC's holdings, making the stock its 26th biggest position. Gateway Investment Advisers LLC's holdings in RTX were worth $63,687,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Assenagon Asset Management S.A. increased its stake in shares of RTX by 545.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 2,478,784 shares of the company's stock valued at $286,845,000 after purchasing an additional 2,094,834 shares during the period. Marshall Wace LLP increased its position in RTX by 1,247.1% in the 2nd quarter. Marshall Wace LLP now owns 2,053,706 shares of the company's stock valued at $206,172,000 after acquiring an additional 1,901,256 shares during the period. International Assets Investment Management LLC raised its stake in RTX by 11,235.6% during the 3rd quarter. International Assets Investment Management LLC now owns 1,701,013 shares of the company's stock valued at $206,095,000 after acquiring an additional 1,686,007 shares in the last quarter. Fisher Asset Management LLC boosted its position in RTX by 4.8% during the 3rd quarter. Fisher Asset Management LLC now owns 18,471,471 shares of the company's stock worth $2,238,004,000 after acquiring an additional 852,183 shares during the period. Finally, Hsbc Holdings PLC grew its stake in shares of RTX by 47.9% in the second quarter. Hsbc Holdings PLC now owns 2,448,780 shares of the company's stock worth $246,300,000 after purchasing an additional 792,830 shares in the last quarter. Institutional investors own 86.50% of the company's stock.

RTX Trading Up 1.1 %

NYSE RTX traded up $1.29 on Thursday, hitting $120.38. 3,896,678 shares of the company were exchanged, compared to its average volume of 3,950,888. RTX Co. has a twelve month low of $84.43 and a twelve month high of $128.70. The company's 50 day moving average price is $118.14 and its 200-day moving average price is $117.28. The firm has a market capitalization of $160.22 billion, a P/E ratio of 34.39, a price-to-earnings-growth ratio of 1.84 and a beta of 0.81. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.99 and a quick ratio of 0.73.

RTX (NYSE:RTX - Get Free Report) last announced its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $20.09 billion during the quarter, compared to the consensus estimate of $19.84 billion. During the same period in the prior year, the business earned $1.25 EPS. The business's revenue for the quarter was up 6.0% on a year-over-year basis. Analysts predict that RTX Co. will post 5.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

RTX has been the topic of a number of recent analyst reports. UBS Group lifted their price objective on shares of RTX from $126.00 to $133.00 and gave the company a "neutral" rating in a research note on Wednesday, October 23rd. TD Cowen raised shares of RTX to a "strong-buy" rating in a research note on Tuesday, October 8th. Morgan Stanley increased their price objective on shares of RTX from $120.00 to $130.00 and gave the company an "equal weight" rating in a report on Wednesday, October 23rd. Barclays upped their target price on RTX from $108.00 to $130.00 and gave the stock an "equal weight" rating in a research report on Tuesday, October 29th. Finally, Susquehanna lowered their price target on RTX from $150.00 to $139.00 and set a "positive" rating on the stock in a research report on Wednesday, January 8th. Six equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently 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.