Robeco Institutional Asset Management B.V. Has $44.37 Million Holdings in RTX Co. (NYSE:RTX)

Robeco Institutional Asset Management B.V. grew its holdings in shares of RTX Co. (NYSE:RTX - Free Report) by 5.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 383,440 shares of the company's stock after purchasing an additional 18,219 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in RTX were worth $44,372,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. MidAtlantic Capital Management Inc. acquired a new stake in shares of RTX in the 3rd quarter worth about $29,000. Modus Advisors LLC acquired a new position in RTX during the 4th quarter valued at about $39,000. Western Pacific Wealth Management LP acquired a new position in RTX during the 3rd quarter valued at about $41,000. ORG Wealth Partners LLC acquired a new position in RTX during the 3rd quarter valued at about $50,000. Finally, Mowery & Schoenfeld Wealth Management LLC increased its stake in RTX by 20.1% during the 3rd quarter. Mowery & Schoenfeld Wealth Management LLC now owns 514 shares of the company's stock valued at $62,000 after buying an additional 86 shares during the period. 86.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

RTX has been the topic of several research analyst reports. Royal Bank of Canada raised their target price on shares of RTX from $140.00 to $150.00 and gave the company an "outperform" rating in a research note on Wednesday. TD Cowen raised shares of RTX to a "strong-buy" rating in a research note on Tuesday, October 8th. Susquehanna raised their price objective on shares of RTX from $139.00 to $147.00 and gave the company a "positive" rating in a research report on Wednesday. UBS Group raised their price objective on shares of RTX from $128.00 to $142.00 and gave the company a "neutral" rating in a research report on Wednesday. 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 report on Thursday, January 2nd. Six equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $161.73.

RTX Stock Up 1.9 %

Shares of RTX stock traded up $2.38 during trading on Thursday, hitting $127.51. 681,715 shares of the company were exchanged, compared to its average volume of 4,444,138. 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 $169.72 billion, a price-to-earnings ratio of 36.43, a P/E/G ratio of 1.99 and a beta of 0.81. The business's 50-day simple moving average is $118.79 and its 200 day simple moving average is $118.93. RTX Co. has a twelve month low of $88.90 and a twelve month high of $132.43.

RTX (NYSE:RTX - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 EPS for the quarter, topping the consensus estimate of $1.35 by $0.19. RTX had a net margin of 5.97% and a return on equity of 11.96%. As a group, analysts forecast that RTX Co. will post 5.56 EPS 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.