Nvest Financial LLC Has $2.83 Million Stock Position in RTX Co. (NYSE:RTX)

Nvest Financial LLC lessened its holdings in shares of RTX Co. (NYSE:RTX) by 4.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 24,442 shares of the company’s stock after selling 1,185 shares during the period. RTX accounts for 1.4% of Nvest Financial LLC’s holdings, making the stock its 20th biggest holding. Nvest Financial LLC’s holdings in RTX were worth $2,828,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. CX Institutional lifted its stake in shares of RTX by 21.9% in the 4th quarter. CX Institutional now owns 65,150 shares of the company’s stock valued at $7,539,000 after purchasing an additional 11,706 shares during the period. LRI Investments LLC raised its holdings in shares of RTX by 6.5% in the 3rd quarter. LRI Investments LLC now owns 77,543 shares of the company’s stock worth $9,221,000 after acquiring an additional 4,732 shares during the last quarter. Napa Wealth Management bought a new position in shares of RTX in the third quarter valued at approximately $1,307,000. Czech National Bank boosted its holdings in RTX by 6.5% during the fourth quarter. Czech National Bank now owns 288,591 shares of the company’s stock worth $33,396,000 after purchasing an additional 17,608 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in RTX by 16.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 78,994 shares of the company’s stock valued at $9,510,000 after purchasing an additional 11,354 shares during the period. Institutional investors own 86.50% of the company’s stock.

RTX Price Performance

RTX stock opened at $128.21 on Wednesday. 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 cap of $170.65 billion, a P/E ratio of 36.63, a P/E/G ratio of 1.99 and a beta of 0.81. The firm’s fifty day moving average is $118.67 and its 200 day moving average is $118.89. RTX Co. has a 52 week low of $88.90 and a 52 week high of $132.43.

RTX (NYSE:RTX) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.19. RTX had a return on equity of 11.96% and a net margin of 5.97%. Research analysts predict that RTX Co. will post 5.56 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Barclays lifted their price objective on RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 29th. Citigroup upgraded RTX from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $132.00 to $153.00 in a research report on Tuesday, January 21st. JPMorgan Chase & Co. raised their price target on RTX from $140.00 to $150.00 and gave the company an “overweight” rating in a report on Wednesday. Royal Bank of Canada upgraded shares of RTX from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $130.00 to $140.00 in a research report on Thursday, December 19th. Finally, TD Cowen upgraded shares of RTX to a “strong-buy” rating in a research report on Tuesday, October 8th. Five research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $159.60.

RTX Profile

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.