RTX Co. (NYSE:RTX) Shares Bought by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. grew its position in RTX Co. (NYSE:RTX) by 5.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 383,440 shares of the company’s stock after acquiring an additional 18,219 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in RTX were worth $44,372,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

RTX has been the subject of several analyst reports. Citigroup upgraded RTX from a “neutral” rating to a “buy” rating and upped their price target for the stock from $132.00 to $153.00 in a research note on Tuesday, January 21st. Barclays raised their target price on shares of RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 29th. JPMorgan Chase & Co. boosted their price target on shares of RTX from $140.00 to $150.00 and gave the stock an “overweight” rating in a research note on Wednesday. Morgan Stanley raised their price objective on shares of RTX from $130.00 to $135.00 and gave the company an “equal weight” rating in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft upgraded RTX from a “hold” rating to a “buy” rating and boosted their target price for the stock from $131.00 to $140.00 in a research report on Thursday, January 2nd. Six analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, RTX currently has an average rating of “Moderate Buy” and an average price target of $161.73.

RTX Trading Down 2.4 %

NYSE:RTX opened at $125.25 on Thursday. The company has a market capitalization of $166.71 billion, a PE ratio of 35.79, a price-to-earnings-growth ratio of 1.99 and a beta of 0.81. RTX Co. has a 52-week low of $88.90 and a 52-week high of $132.43. The stock has a fifty day simple moving average of $118.79 and a 200-day simple moving average of $118.93. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 0.62.

RTX (NYSE:RTX) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share (EPS) for the quarter, beating 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%. On average, equities research analysts expect that RTX Co. will post 5.56 earnings per share for the current fiscal year.

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.