Cadinha & Co. LLC Increases Holdings in RTX Co. (NYSE:RTX)

Cadinha & Co. LLC boosted its stake in shares of RTX Co. (NYSE:RTX) by 40.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,665 shares of the company’s stock after buying an additional 1,050 shares during the quarter. Cadinha & Co. LLC’s holdings in RTX were worth $424,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Stillwater Capital Advisors LLC boosted its stake in RTX by 0.7% in the fourth quarter. Stillwater Capital Advisors LLC now owns 181,564 shares of the company’s stock valued at $21,011,000 after acquiring an additional 1,301 shares during the last quarter. Clarius Group LLC raised its holdings in shares of RTX by 9.0% in the 4th quarter. Clarius Group LLC now owns 8,474 shares of the company’s stock worth $981,000 after purchasing an additional 699 shares during the period. Joule Financial LLC lifted its stake in RTX by 3.1% in the fourth quarter. Joule Financial LLC now owns 3,256 shares of the company’s stock valued at $377,000 after purchasing an additional 97 shares during the last quarter. Aaron Wealth Advisors LLC grew its holdings in RTX by 9.9% during the fourth quarter. Aaron Wealth Advisors LLC now owns 9,480 shares of the company’s stock valued at $1,097,000 after purchasing an additional 855 shares during the period. Finally, Sandy Cove Advisors LLC increased its position in RTX by 8.1% in the fourth quarter. Sandy Cove Advisors LLC now owns 3,175 shares of the company’s stock worth $367,000 after buying an additional 238 shares during the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Trading Up 0.7 %

RTX stock opened at $121.30 on Friday. The stock has a market cap of $161.45 billion, a P/E ratio of 34.66, a PEG ratio of 1.84 and a beta of 0.81. RTX Co. has a fifty-two week low of $84.43 and a fifty-two week high of $128.70. The firm’s fifty day moving average price is $118.10 and its 200-day moving average price is $117.57. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 0.99.

RTX (NYSE:RTX) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.11. RTX had a return on equity of 11.96% and a net margin of 5.97%. The firm had revenue of $20.09 billion for the quarter, compared to analysts’ expectations of $19.84 billion. During the same quarter last year, the firm posted $1.25 EPS. The company’s revenue was up 6.0% compared to the same quarter last year. Equities research analysts forecast that RTX Co. will post 5.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. UBS Group upped their price target on RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Barclays upped their price objective on shares of RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a report on Tuesday, October 29th. Susquehanna reduced their target price on shares of RTX from $150.00 to $139.00 and set a “positive” rating for the company in a research note on Wednesday, January 8th. Royal Bank of Canada raised shares of RTX from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from $130.00 to $140.00 in a research report on Thursday, December 19th. Finally, TD Cowen raised shares of RTX to a “strong-buy” rating in a report on Tuesday, October 8th. Six equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $156.87.

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.