Gradient Investments LLC raised its holdings in RTX Co. (NYSE:RTX – Free Report) by 2.0% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 168,939 shares of the company’s stock after acquiring an additional 3,302 shares during the quarter. Gradient Investments LLC’s holdings in RTX were worth $16,549,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Cantor Fitzgerald Investment Advisor L.P increased its stake in RTX by 94.5% in the 1st quarter. Cantor Fitzgerald Investment Advisor L.P now owns 322,180 shares of the company’s stock worth $31,918,000 after buying an additional 156,550 shares during the period. Parkside Financial Bank & Trust grew its stake in RTX by 9.2% in the 1st quarter. Parkside Financial Bank & Trust now owns 11,011 shares of the company’s stock worth $1,091,000 after acquiring an additional 931 shares in the last quarter. Ironwood Wealth Management LLC. increased its position in shares of RTX by 1.2% during the first quarter. Ironwood Wealth Management LLC. now owns 10,761 shares of the company’s stock worth $1,066,000 after acquiring an additional 128 shares during the period. AMI Investment Management Inc. boosted its holdings in shares of RTX by 53.1% in the first quarter. AMI Investment Management Inc. now owns 35,502 shares of the company’s stock valued at $3,517,000 after purchasing an additional 12,316 shares during the period. Finally, LSV Asset Management grew its stake in RTX by 1.4% in the first quarter. LSV Asset Management now owns 141,700 shares of the company’s stock worth $14,038,000 after purchasing an additional 2,000 shares in the last quarter. Hedge funds and other institutional investors own 79.06% of the company’s stock.
RTX Trading Up 0.4 %
RTX stock opened at $75.80 on Friday. RTX Co. has a one year low of $73.62 and a one year high of $108.84. The stock has a market cap of $110.33 billion, a PE ratio of 20.11, a price-to-earnings-growth ratio of 1.92 and a beta of 0.97. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.81 and a current ratio of 1.10. The stock has a 50-day moving average of $87.19 and a two-hundred day moving average of $94.05.
Analysts Set New Price Targets
RTX has been the subject of several research reports. Bank of America cut RTX from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $95.00 to $75.00 in a report on Thursday. Citigroup lowered their price objective on shares of RTX from $113.50 to $95.00 and set a “neutral” rating for the company in a research note on Thursday, July 27th. DZ Bank downgraded shares of RTX from a “buy” rating to a “hold” rating and set a $79.00 target price on the stock. in a research report on Thursday. TD Cowen lowered their price target on shares of RTX from $109.00 to $99.00 and set an “outperform” rating for the company in a research report on Tuesday, September 12th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $95.00 price objective (down previously from $110.00) on shares of RTX in a research note on Wednesday, July 26th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $95.88.
RTX Corporation, an aerospace and defense company, provides systems and services for the commercial, military, and government customers worldwide. It operates through four segments: Collins Aerospace, Pratt & Whitney, Raytheon Intelligence & Space, and Raytheon Missiles & Defense. The Collins Aerospace Systems segment offers aerospace and defense products, and aftermarket service solutions for aircraft manufacturers and airlines, as well as regional, business, and general aviation; and for defense and commercial space operations.
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