Cetera Trust Company N.A Purchases 150 Shares of RTX Co. (NYSE:RTX)

Cetera Trust Company N.A increased its holdings in RTX Co. (NYSE:RTX) by 0.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 18,802 shares of the company’s stock after acquiring an additional 150 shares during the period. RTX comprises about 1.4% of Cetera Trust Company N.A’s portfolio, 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.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Thrivent Financial for Lutherans increased its holdings in RTX by 23.5% in the 2nd quarter. Thrivent Financial for Lutherans now owns 289,915 shares of the company’s stock worth $29,105,000 after buying an additional 55,196 shares in the last quarter. ProShare Advisors LLC grew its stake in shares of RTX by 6.8% during the 2nd quarter. ProShare Advisors LLC now owns 183,653 shares of the company’s stock valued at $18,437,000 after purchasing an additional 11,770 shares during the period. Frank Rimerman Advisors LLC grew its stake in shares of RTX by 3,170.6% during the 2nd quarter. Frank Rimerman Advisors LLC now owns 8,569 shares of the company’s stock valued at $860,000 after purchasing an additional 8,307 shares during the period. Gabelli Funds LLC grew its stake in shares of RTX by 5.6% during the 2nd quarter. Gabelli Funds LLC now owns 56,640 shares of the company’s stock valued at $5,686,000 after purchasing an additional 3,000 shares during the period. Finally, DRW Securities LLC bought a new stake in shares of RTX during the 2nd quarter valued at about $357,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Stock Performance

Shares of RTX stock 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 market cap of $165.03 billion, a price-to-earnings ratio of 35.43, a PEG ratio of 1.93 and a beta of 0.81. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 0.99. The business’s 50 day moving average price is $118.08 and its 200 day moving average price is $118.01.

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. The business had revenue of $20.09 billion during the quarter, compared to analysts’ expectations of $19.84 billion. RTX had a return on equity of 11.96% and a net margin of 5.97%. The company’s revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.25 earnings per share. On average, research analysts predict that RTX Co. will post 5.56 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on RTX. Wells Fargo & Company boosted their price objective on RTX from $140.00 to $151.00 and gave the company an “overweight” rating in a research note on Wednesday, January 8th. Citigroup raised RTX from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $132.00 to $153.00 in a report on Tuesday. Barclays boosted their target price on RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 29th. Royal Bank of Canada raised RTX from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $130.00 to $140.00 in a research report on Thursday, December 19th. Finally, Deutsche Bank Aktiengesellschaft raised RTX from a “hold” rating to a “buy” rating and increased their price target for the stock from $131.00 to $140.00 in a research report on Thursday, January 2nd. Five investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, RTX currently has an average rating of “Moderate Buy” and an average target price of $158.27.

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.