ST Germain D J Co. Inc. Raises Stock Holdings in RTX Co. (NYSE:RTX)

ST Germain D J Co. Inc. grew its stake in RTX Co. (NYSE:RTX) by 1.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,723 shares of the company’s stock after acquiring an additional 262 shares during the quarter. ST Germain D J Co. Inc.’s holdings in RTX were worth $1,819,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. MidAtlantic Capital Management Inc. purchased a new stake in shares of RTX in the third quarter valued at $29,000. Modus Advisors LLC purchased a new position in RTX during the fourth quarter worth about $39,000. Fairfield Financial Advisors LTD purchased a new position in RTX during the second quarter worth about $41,000. Western Pacific Wealth Management LP purchased a new position in RTX during the third quarter worth about $41,000. Finally, Kimelman & Baird LLC purchased a new position in RTX during the second quarter worth about $46,000. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

RTX Price Performance

RTX stock opened at $115.06 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 0.99. RTX Co. has a 1 year low of $84.43 and a 1 year high of $128.70. The firm has a market cap of $153.15 billion, a P/E ratio of 32.87, a price-to-earnings-growth ratio of 2.08 and a beta of 0.81. The stock has a 50-day simple moving average of $118.26 and a 200-day simple moving average of $116.71.

RTX (NYSE:RTX) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 earnings per share 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 firm had revenue of $20.09 billion during the quarter, compared to analyst estimates of $19.84 billion. During the same quarter last year, the firm earned $1.25 EPS. RTX’s quarterly revenue was up 6.0% on a year-over-year basis. On average, equities analysts predict that RTX Co. will post 5.56 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Citigroup increased their target price on RTX from $122.00 to $132.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Susquehanna reduced their target price on RTX from $150.00 to $139.00 and set a “positive” rating on the stock in a research report on Wednesday. Wells Fargo & Company upped their price target on RTX from $140.00 to $151.00 and gave the stock an “overweight” rating in a research note on Wednesday. UBS Group upped their price target on RTX from $126.00 to $133.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Finally, Barclays upped their price target on RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 29th. Six investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $156.87.

RTX Company 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.