SeaBridge Investment Advisors LLC Acquires 1,936 Shares of RTX Co. (NYSE:RTX)

SeaBridge Investment Advisors LLC increased its holdings in shares of RTX Co. (NYSE:RTX) by 8.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 23,641 shares of the company’s stock after acquiring an additional 1,936 shares during the quarter. SeaBridge Investment Advisors LLC’s holdings in RTX were worth $2,736,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its position in RTX by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 27,263,780 shares of the company’s stock worth $3,290,622,000 after buying an additional 508,344 shares in the last quarter. Fisher Asset Management LLC boosted its stake in RTX by 4.8% in the 3rd quarter. Fisher Asset Management LLC now owns 18,471,471 shares of the company’s stock valued at $2,238,004,000 after purchasing an additional 852,183 shares during the period. FMR LLC raised its stake in RTX by 8.7% in the 3rd quarter. FMR LLC now owns 6,102,848 shares of the company’s stock worth $739,421,000 after purchasing an additional 490,109 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of RTX by 2.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,886,614 shares of the company’s stock valued at $713,222,000 after buying an additional 140,697 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. increased its holdings in RTX by 1.3% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,937,660 shares of the company’s stock valued at $355,927,000 after buying an additional 38,930 shares during the period. 86.50% of the stock is currently owned by institutional investors.

RTX Trading Up 0.1 %

Shares of RTX stock opened at $129.08 on Friday. The company has a 50 day simple moving average of $119.14 and a two-hundred day simple moving average of $119.20. The firm has a market cap of $171.81 billion, a PE ratio of 36.36, a PEG ratio of 1.99 and a beta of 0.81. RTX Co. has a 1 year low of $88.90 and a 1 year high of $132.43. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.73.

RTX (NYSE:RTX) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 EPS for the quarter, beating the consensus estimate of $1.35 by $0.19. RTX had a return on equity of 12.45% and a net margin of 5.91%. Analysts expect that RTX Co. will post 6.1 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on RTX shares. Barclays raised their price objective on RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a report on Tuesday, October 29th. Citigroup raised shares of RTX from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $132.00 to $153.00 in a research report on Tuesday, January 21st. TD Cowen raised shares of RTX to a “strong-buy” rating in a research report on Tuesday, October 8th. Vertical Research raised RTX to a “strong-buy” rating in a research note on Tuesday. Finally, Wells Fargo & Company increased their target price on RTX from $151.00 to $156.00 and gave the stock an “overweight” rating in a report on Thursday. Six research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, RTX has an average rating of “Moderate Buy” and a consensus price target of $163.07.

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.