Integrated Investment Consultants LLC Boosts Stock Position in RTX Co. (NYSE:RTX)

Integrated Investment Consultants LLC lifted its position in shares of RTX Co. (NYSE:RTX) by 449.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor 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 reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Geode Capital Management LLC raised its stake in shares of RTX by 1.9% during the third quarter. Geode Capital Management LLC now owns 27,263,780 shares of the company’s stock worth $3,290,622,000 after acquiring an additional 508,344 shares in the last quarter. Fisher Asset Management LLC raised its position in RTX by 4.8% in the 3rd quarter. Fisher Asset Management LLC now owns 18,471,471 shares of the company’s stock worth $2,238,004,000 after purchasing an additional 852,183 shares during the period. Legal & General Group Plc lifted its stake in RTX by 4.4% in the second quarter. Legal & General Group Plc now owns 8,577,770 shares of the company’s stock worth $861,122,000 after purchasing an additional 362,340 shares during the last quarter. Ameriprise Financial Inc. boosted its position in RTX by 5.2% during the second quarter. Ameriprise Financial Inc. now owns 8,284,944 shares of the company’s stock valued at $831,740,000 after buying an additional 408,551 shares during the period. Finally, FMR LLC grew its stake in shares of RTX by 8.7% during the third quarter. FMR LLC now owns 6,102,848 shares of the company’s stock valued at $739,421,000 after buying an additional 490,109 shares during the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on RTX shares. Susquehanna lowered their price objective on RTX from $150.00 to $139.00 and set a “positive” rating for the company in a research report on Wednesday, January 8th. Royal Bank of Canada upgraded shares of RTX from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $130.00 to $140.00 in a report on Thursday, December 19th. TD Cowen raised shares of RTX to a “strong-buy” rating in a report on Tuesday, October 8th. Morgan Stanley upped their price objective on shares of RTX from $120.00 to $130.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 23rd. Finally, Wells Fargo & Company boosted their price target on RTX from $140.00 to $151.00 and gave the company an “overweight” rating in a report on Wednesday, January 8th. Six equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, RTX currently has a consensus rating of “Moderate Buy” and a consensus price target of $156.87.

RTX Trading Up 0.7 %

Shares of NYSE RTX opened at $121.30 on Friday. The firm has a 50-day moving average of $118.10 and a 200 day moving average of $117.45. RTX Co. has a 1 year low of $84.43 and a 1 year high of $128.70. The stock has a market cap 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 (NYSE:RTX) last announced its quarterly earnings data 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 return on equity of 11.96% and a net margin of 5.97%. 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 previous year, the business earned $1.25 earnings per share. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. As a group, sell-side analysts expect that RTX Co. will post 5.55 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.