Kera Capital Partners Inc. Buys Shares of 42,952 RTX Co. (NYSE:RTX)

Kera Capital Partners Inc. purchased a new stake in shares of RTX Co. (NYSE:RTX - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 42,952 shares of the company's stock, valued at approximately $4,970,000. RTX comprises 1.4% of Kera Capital Partners Inc.'s investment portfolio, making the stock its 21st biggest holding.

Other hedge funds have also modified their holdings of the company. Acadian Asset Management LLC boosted its stake in shares of RTX by 26.4% in the second quarter. Acadian Asset Management LLC now owns 1,700 shares of the company's stock worth $170,000 after buying an additional 355 shares during the last quarter. Federated Hermes Inc. increased its holdings in shares of RTX by 36.1% during the 2nd quarter. Federated Hermes Inc. now owns 9,613 shares of the company's stock valued at $965,000 after purchasing an additional 2,552 shares in the last quarter. Edgestream Partners L.P. lifted its stake in shares of RTX by 140.5% in the 2nd quarter. Edgestream Partners L.P. now owns 8,022 shares of the company's stock valued at $805,000 after purchasing an additional 4,686 shares during the period. Intech Investment Management LLC boosted its holdings in RTX by 49.4% during the second quarter. Intech Investment Management LLC now owns 38,052 shares of the company's stock worth $3,820,000 after buying an additional 12,583 shares in the last quarter. Finally, Brighton Jones LLC grew its position in RTX by 5.1% during the second quarter. Brighton Jones LLC now owns 14,841 shares of the company's stock valued at $1,490,000 after buying an additional 718 shares during the period. 86.50% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently weighed in on RTX. Susquehanna cut their price target on RTX from $150.00 to $139.00 and set a "positive" rating for the company in a research note on Wednesday, January 8th. Royal Bank of Canada upgraded 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. Morgan Stanley boosted their price target on shares of RTX from $120.00 to $130.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 23rd. UBS Group increased their price objective on shares of RTX from $126.00 to $133.00 and gave the company a "neutral" rating in a report on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft raised shares of RTX from a "hold" rating to a "buy" rating and boosted their target price for the stock from $131.00 to $140.00 in a research note on Thursday, January 2nd. Six equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $156.87.

RTX Trading Up 0.7 %

Shares of NYSE RTX traded up $0.84 during trading 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 has a fifty day moving average price of $118.10 and a 200-day moving average price of $117.57. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 0.99. The firm has a market capitalization of $161.45 billion, a PE ratio of 34.66, a P/E/G ratio of 1.84 and a beta of 0.81. RTX Co. has a 12-month low of $84.43 and a 12-month high of $128.70.

RTX (NYSE:RTX - Get Free Report) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.11. RTX had a net margin of 5.97% and a return on equity of 11.96%. The business had revenue of $20.09 billion during the quarter, compared to analysts' expectations of $19.84 billion. During the same quarter in the prior year, the company posted $1.25 EPS. The business's revenue for the quarter was up 6.0% on a year-over-year basis. As a group, equities research analysts expect that RTX Co. will post 5.55 EPS for the current 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.