RTX Co. (NYSE:RTX) Shares Bought by Chesapeake Wealth Management

Chesapeake Wealth Management increased its stake in RTX Co. (NYSE:RTX) by 15.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 11,726 shares of the company’s stock after purchasing an additional 1,600 shares during the quarter. Chesapeake Wealth Management’s holdings in RTX were worth $1,357,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RTX. Pacer Advisors Inc. grew its holdings in RTX by 4.6% during the 2nd quarter. Pacer Advisors Inc. now owns 95,289 shares of the company’s stock valued at $9,566,000 after purchasing an additional 4,148 shares in the last quarter. Sei Investments Co. boosted its position in RTX by 1.7% in the 2nd quarter. Sei Investments Co. now owns 637,707 shares of the company’s stock valued at $64,018,000 after buying an additional 10,928 shares during the last quarter. Thrivent Financial for Lutherans grew its stake in shares of RTX by 23.5% during the second quarter. Thrivent Financial for Lutherans now owns 289,915 shares of the company’s stock valued at $29,105,000 after acquiring an additional 55,196 shares in the last quarter. ProShare Advisors LLC lifted its stake in shares of RTX by 6.8% in the second quarter. ProShare Advisors LLC now owns 183,653 shares of the company’s stock worth $18,437,000 after acquiring an additional 11,770 shares in the last quarter. Finally, Frank Rimerman Advisors LLC boosted its holdings in RTX by 3,170.6% in the second quarter. Frank Rimerman Advisors LLC now owns 8,569 shares of the company’s stock valued at $860,000 after purchasing an additional 8,307 shares during the last quarter. 86.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

RTX has been the topic of a number of recent analyst reports. TD Cowen raised RTX to a “strong-buy” rating in a research report on Tuesday, October 8th. Citigroup upped their price target on shares of RTX from $122.00 to $132.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Susquehanna decreased their price objective on shares of RTX from $150.00 to $139.00 and set a “positive” rating for the company in a report on Wednesday, January 8th. Morgan Stanley upped their target price 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, Deutsche Bank Aktiengesellschaft upgraded RTX from a “hold” rating to a “buy” rating and lifted their price target for the stock from $131.00 to $140.00 in a research note on Thursday, January 2nd. Six investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, RTX presently has an average rating of “Moderate Buy” and an average price target of $156.87.

RTX Trading Up 0.7 %

Shares of NYSE:RTX opened at $121.30 on Tuesday. RTX Co. has a fifty-two week low of $84.43 and a fifty-two week high of $128.70. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 0.62. The company has a market cap of $161.45 billion, a PE ratio of 34.66, a P/E/G ratio of 1.93 and a beta of 0.81. The company’s 50-day moving average price is $118.03 and its 200 day moving average price is $117.84.

RTX (NYSE:RTX) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $19.84 billion. During the same period in the previous year, the firm posted $1.25 earnings per share. The business’s revenue was up 6.0% on a year-over-year basis. Sell-side analysts anticipate that RTX Co. will post 5.56 earnings per share 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.