Cetera Trust Company N.A Has $2.18 Million Stock Position in RTX Co. (NYSE:RTX)

Cetera Trust Company N.A lifted its holdings in RTX Co. (NYSE:RTX) by 0.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,802 shares of the company’s stock after acquiring an additional 150 shares during the quarter. RTX makes up approximately 1.4% of Cetera Trust Company N.A’s holdings, making the stock its 21st largest holding. Cetera Trust Company N.A’s holdings in RTX were worth $2,176,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Magnus Financial Group LLC increased its holdings in shares of RTX by 8.5% in the fourth quarter. Magnus Financial Group LLC now owns 10,217 shares of the company’s stock worth $1,182,000 after acquiring an additional 804 shares in the last quarter. Advisory Alpha LLC bought a new position in shares of RTX during the fourth quarter worth about $466,000. Eads & Heald Wealth Management grew its holdings in shares of RTX by 1.4% during the fourth quarter. Eads & Heald Wealth Management now owns 8,245 shares of the company’s stock worth $954,000 after buying an additional 115 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of RTX by 57.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 619,174 shares of the company’s stock worth $71,651,000 after buying an additional 226,843 shares in the last quarter. Finally, Traphagen Investment Advisors LLC grew its holdings in shares of RTX by 8.7% during the fourth quarter. Traphagen Investment Advisors LLC now owns 3,472 shares of the company’s stock worth $402,000 after buying an additional 278 shares in the last quarter. 86.50% of the stock is owned by institutional investors and hedge funds.

RTX Stock Down 1.4 %

Shares of NYSE RTX opened at $123.99 on Wednesday. RTX Co. has a one year low of $87.96 and a one year high of $128.70. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.99 and a quick ratio of 0.73. The firm’s 50 day simple moving average is $118.08 and its two-hundred day simple moving average is $118.01. The stock has a market capitalization of $165.03 billion, a P/E ratio of 35.43, a PEG ratio of 1.93 and a beta of 0.81.

RTX (NYSE:RTX) last issued its quarterly earnings results on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.34 by $0.11. RTX had a net margin of 5.97% and a return on equity of 11.96%. The business had revenue of $20.09 billion for the quarter, compared to analysts’ expectations of $19.84 billion. During the same period last year, the business earned $1.25 earnings per share. The business’s quarterly revenue was up 6.0% on a year-over-year basis. As a group, analysts expect that RTX Co. will post 5.56 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently commented on RTX. TD Cowen raised RTX to a “strong-buy” rating in a research report on Tuesday, October 8th. UBS Group raised their price target on shares of RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Royal Bank of Canada upgraded shares of RTX from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $130.00 to $140.00 in a report on Thursday, December 19th. Wells Fargo & Company lifted their price objective on shares of RTX from $140.00 to $151.00 and gave the company an “overweight” rating in a research note on Wednesday, January 8th. Finally, Susquehanna reduced their price target on shares of RTX from $150.00 to $139.00 and set a “positive” rating for the company in a research report on Wednesday, January 8th. Five equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $158.27.

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.