Verity & Verity LLC Boosts Position in RTX Co. (NYSE:RTX)

Verity & Verity LLC lifted its holdings in RTX Co. (NYSE:RTX - Free Report) by 6.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 240,233 shares of the company's stock after purchasing an additional 15,120 shares during the quarter. RTX accounts for about 2.5% of Verity & Verity LLC's investment portfolio, making the stock its 8th biggest holding. Verity & Verity LLC's holdings in RTX were worth $27,800,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Assenagon Asset Management S.A. lifted its holdings in 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 acquiring an additional 2,094,834 shares during the period. Marshall Wace LLP lifted its stake in shares of RTX by 1,247.1% in the 2nd quarter. Marshall Wace LLP now owns 2,053,706 shares of the company's stock worth $206,172,000 after purchasing an additional 1,901,256 shares during the period. International Assets Investment Management LLC boosted its holdings in shares of RTX by 11,235.6% in the third quarter. International Assets Investment Management LLC now owns 1,701,013 shares of the company's stock worth $206,095,000 after buying an additional 1,686,007 shares during the last quarter. Fisher Asset Management LLC increased its holdings in RTX by 4.8% during the third quarter. Fisher Asset Management LLC now owns 18,471,471 shares of the company's stock valued at $2,238,004,000 after buying an additional 852,183 shares during the last quarter. Finally, Janus Henderson Group PLC raised its position in RTX by 256.6% in the third quarter. Janus Henderson Group PLC now owns 976,527 shares of the company's stock worth $118,309,000 after acquiring an additional 702,699 shares during the period. 86.50% of the stock is owned by hedge funds and other institutional investors.

RTX Price Performance

NYSE:RTX traded up $0.84 during trading hours on Friday, reaching $121.30. The stock had a trading volume of 4,182,063 shares, compared to its average volume of 3,467,505. The stock has a market capitalization of $161.45 billion, a PE ratio of 34.66, a PEG ratio of 1.84 and a beta of 0.81. RTX Co. has a 52 week low of $84.43 and a 52 week high of $128.70. The company has a 50 day moving average price of $118.10 and a two-hundred 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.

RTX (NYSE:RTX - Get Free Report) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, beating 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 company had revenue of $20.09 billion for the quarter, compared to the consensus estimate of $19.84 billion. During the same quarter in the prior year, the firm earned $1.25 earnings per share. RTX's revenue was up 6.0% on a year-over-year basis. As a group, sell-side analysts anticipate that RTX Co. will post 5.55 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently commented on RTX. Deutsche Bank Aktiengesellschaft upgraded RTX from a "hold" rating to a "buy" rating and upped their price objective for the stock from $131.00 to $140.00 in a research note on Thursday, January 2nd. Citigroup raised their price objective on RTX from $122.00 to $132.00 and gave the stock a "neutral" rating in a research note on Thursday, October 10th. Wells Fargo & Company boosted their price objective on RTX from $140.00 to $151.00 and gave the company an "overweight" rating in a research note on Wednesday, January 8th. Susquehanna decreased their target price on shares of RTX from $150.00 to $139.00 and set a "positive" rating on the stock in a research note on Wednesday, January 8th. Finally, Royal Bank of Canada upgraded shares of RTX from a "sector perform" rating to an "outperform" rating and upped their price target for the stock from $130.00 to $140.00 in a research report on Thursday, December 19th. Six 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 company's stock. Based on data from MarketBeat.com, RTX presently has a consensus rating of "Moderate Buy" and a consensus price target 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.