RTX Co. (NYSE:RTX) Holdings Raised by Integrated Investment Consultants LLC

Integrated Investment Consultants LLC boosted its holdings in RTX Co. (NYSE:RTX - Free Report) by 449.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,164 shares of the company's stock after purchasing an additional 14,040 shares during the quarter. Integrated Investment Consultants LLC's holdings in RTX were worth $1,986,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. FARMERS & MERCHANTS TRUST Co OF LONG BEACH raised its position in shares of RTX by 1.7% during the 4th quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 8,389 shares of the company's stock worth $971,000 after purchasing an additional 137 shares during the period. Dakota Community Bank & Trust NA lifted its stake in RTX by 7.6% in the fourth quarter. Dakota Community Bank & Trust NA now owns 1,277 shares of the company's stock valued at $148,000 after buying an additional 90 shares during the last quarter. Arthur M. Cohen & Associates LLC boosted its holdings in shares of RTX by 0.9% during the fourth quarter. Arthur M. Cohen & Associates LLC now owns 34,710 shares of the company's stock valued at $4,017,000 after acquiring an additional 300 shares during the period. Whitener Capital Management Inc. increased its holdings in shares of RTX by 8.2% in the 4th quarter. Whitener Capital Management Inc. now owns 16,793 shares of the company's stock worth $1,943,000 after acquiring an additional 1,272 shares during the period. Finally, Cranbrook Wealth Management LLC boosted its stake in RTX by 3.7% during the 4th quarter. Cranbrook Wealth Management LLC now owns 6,233 shares of the company's stock valued at $721,000 after purchasing an additional 225 shares during the period. Institutional investors own 86.50% of the company's stock.

Analyst Upgrades and Downgrades

RTX has been the subject of several analyst reports. Morgan Stanley boosted their price objective on RTX from $120.00 to $130.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 23rd. Barclays raised their price target on RTX from $108.00 to $130.00 and gave the company an "equal weight" rating in a report on Tuesday, October 29th. Royal Bank of Canada upgraded shares of RTX from a "sector perform" rating to an "outperform" rating and increased their target price for the company from $130.00 to $140.00 in a research report on Thursday, December 19th. Wells Fargo & Company boosted their price target 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. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of RTX from a "hold" rating to a "buy" rating and raised their price objective for the company from $131.00 to $140.00 in a research note on Thursday, January 2nd. Six 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. Based on data from MarketBeat, RTX presently has an average rating of "Moderate Buy" and an average price target of $156.87.

RTX Trading Up 0.7 %

NYSE RTX traded up $0.84 on Friday, hitting $121.30. 4,182,063 shares of the company were exchanged, compared to its average volume of 3,467,505. The company's 50 day moving average price is $118.10 and its 200-day moving average price is $117.57. The firm has a market capitalization of $161.45 billion, a P/E ratio of 34.66, 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 Co. has a twelve month low of $84.43 and a twelve month high of $128.70.

RTX (NYSE:RTX - Get Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, topping analysts' consensus estimates of $1.34 by $0.11. RTX had a net margin of 5.97% and a return on equity of 11.96%. The firm had revenue of $20.09 billion during the quarter, compared to analyst estimates of $19.84 billion. During the same quarter last year, the business posted $1.25 EPS. The company's revenue 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.

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.