Union Bancaire Privee UBP SA Takes $3.17 Million Position in RTX Co. (NYSE:RTX)

Union Bancaire Privee UBP SA purchased a new position in RTX Co. (NYSE:RTX) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 27,373 shares of the company’s stock, valued at approximately $3,168,000.

Several other institutional investors have also added to or reduced their stakes in RTX. Capital Asset Advisory Services LLC increased its holdings in RTX by 2.1% during the 4th quarter. Capital Asset Advisory Services LLC now owns 27,982 shares of the company’s stock valued at $3,242,000 after purchasing an additional 564 shares during the period. Blue Trust Inc. raised its holdings in RTX by 11.2% in the 4th quarter. Blue Trust Inc. now owns 23,382 shares of the company’s stock worth $2,833,000 after purchasing an additional 2,354 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in shares of RTX by 51.5% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 17,451 shares of the company’s stock worth $2,019,000 after purchasing an additional 5,929 shares during the period. OLIO Financial Planning bought a new stake in shares of RTX during the 4th quarter valued at about $260,000. Finally, Embree Financial Group increased its position in shares of RTX by 3.4% during the fourth quarter. Embree Financial Group now owns 10,166 shares of the company’s stock valued at $1,176,000 after buying an additional 339 shares during the period. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

RTX Price Performance

NYSE:RTX opened at $125.23 on Monday. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.62. RTX Co. has a 12 month low of $88.90 and a 12 month high of $128.70. The business’s 50-day moving average is $118.38 and its 200 day moving average is $118.54. The company has a market capitalization of $166.69 billion, a P/E ratio of 35.78, a P/E/G ratio of 1.99 and a beta of 0.81.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on RTX shares. UBS Group raised their price objective on RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft raised RTX from a “hold” rating to a “buy” rating and boosted their target price for the stock from $131.00 to $140.00 in a report on Thursday, January 2nd. TD Cowen upgraded shares of RTX to a “strong-buy” rating in a research note on Tuesday, October 8th. 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. Finally, Wells Fargo & Company increased their target price on RTX from $140.00 to $151.00 and gave the company an “overweight” rating in a research note on Wednesday, January 8th. Five investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.