Franklin Street Advisors Inc. NC Purchases 10,542 Shares of RTX Co. (NYSE:RTX)

Franklin Street Advisors Inc. NC lifted its position in shares of RTX Co. (NYSE:RTX) by 5.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 191,743 shares of the company’s stock after purchasing an additional 10,542 shares during the period. RTX accounts for approximately 1.5% of Franklin Street Advisors Inc. NC’s investment portfolio, making the stock its 22nd biggest holding. Franklin Street Advisors Inc. NC’s holdings in RTX were worth $22,189,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Marshall Wace LLP increased its stake in RTX by 1,247.1% during the 2nd quarter. Marshall Wace LLP now owns 2,053,706 shares of the company’s stock worth $206,172,000 after acquiring an additional 1,901,256 shares during the period. International Assets Investment Management LLC increased its stake in RTX by 11,235.6% during the 3rd quarter. International Assets Investment Management LLC now owns 1,701,013 shares of the company’s stock worth $206,095,000 after acquiring an additional 1,686,007 shares during the period. Fisher Asset Management LLC increased its stake in RTX by 4.8% during the 3rd quarter. Fisher Asset Management LLC now owns 18,471,471 shares of the company’s stock worth $2,238,004,000 after acquiring an additional 852,183 shares during the period. Hsbc Holdings PLC increased its stake in RTX by 47.9% during the 2nd quarter. Hsbc Holdings PLC now owns 2,448,780 shares of the company’s stock worth $246,300,000 after acquiring an additional 792,830 shares during the period. Finally, Janus Henderson Group PLC increased its stake in RTX by 256.6% during the 3rd quarter. Janus Henderson Group PLC now owns 976,527 shares of the company’s stock worth $118,309,000 after acquiring an additional 702,699 shares during the period. Institutional investors own 86.50% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. UBS Group raised their target price on RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Royal Bank of Canada raised RTX from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from $130.00 to $140.00 in a research report on Thursday, December 19th. Morgan Stanley lifted their price objective on RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 23rd. Citigroup lifted their price objective on RTX from $122.00 to $132.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Finally, Wells Fargo & Company lifted their price objective on RTX from $140.00 to $151.00 and gave the stock an “overweight” rating in a research report on Wednesday. Six 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 stock. According to data from MarketBeat.com, RTX has a consensus rating of “Moderate Buy” and a consensus price target of $156.87.

RTX Stock Performance

Shares of RTX stock traded down $0.63 during trading on Friday, hitting $115.29. The company’s stock had a trading volume of 1,060,984 shares, compared to its average volume of 3,129,380. The company has a market cap of $153.45 billion, a PE ratio of 32.94, a P/E/G ratio of 2.08 and a beta of 0.81. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.62. The business has a fifty day moving average of $118.26 and a 200-day moving average of $116.71. RTX Co. has a 52 week low of $84.43 and a 52 week high of $128.70.

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

About RTX

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.