Everett Harris & Co. CA Has $13.11 Million Stock Position in RTX Co. (NYSE:RTX)

Everett Harris & Co. CA boosted its holdings in shares of RTX Co. (NYSE:RTX) by 11.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 113,328 shares of the company’s stock after buying an additional 11,680 shares during the quarter. Everett Harris & Co. CA’s holdings in RTX were worth $13,114,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Assenagon Asset Management S.A. lifted its holdings in shares of RTX by 545.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,478,784 shares of the company’s stock worth $286,845,000 after buying an additional 2,094,834 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in RTX by 11,235.6% in the 3rd quarter. International Assets Investment Management LLC now owns 1,701,013 shares of the company’s stock valued at $206,095,000 after purchasing an additional 1,686,007 shares during the period. Fisher Asset Management LLC grew its position in shares of 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 purchasing an additional 852,183 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of RTX by 256.6% during the third quarter. Janus Henderson Group PLC now owns 976,527 shares of the company’s stock worth $118,309,000 after purchasing an additional 702,699 shares during the period. Finally, abrdn plc boosted its stake in shares of RTX by 527.6% in the third quarter. abrdn plc now owns 605,790 shares of the company’s stock valued at $72,852,000 after buying an additional 509,261 shares during the period. 86.50% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Bank of America lifted their price objective on RTX from $145.00 to $155.00 and gave the company a “buy” rating in a report on Thursday. StockNews.com lowered shares of RTX from a “buy” rating to a “hold” rating in a report on Wednesday. JPMorgan Chase & Co. increased their price target on shares of RTX from $140.00 to $150.00 and gave the stock an “overweight” rating in a research report on Wednesday. TD Cowen upgraded RTX to a “strong-buy” rating in a research note on Tuesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft upgraded RTX from a “hold” rating to a “buy” rating and upped their price objective for the stock from $131.00 to $140.00 in a research report on Thursday, January 2nd. Six equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $163.07.

RTX Price Performance

RTX stock opened at $129.08 on Friday. The firm has a market cap of $171.81 billion, a P/E ratio of 36.36, a P/E/G ratio of 1.99 and a beta of 0.81. The stock’s 50 day moving average is $119.14 and its 200 day moving average is $119.20. 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 Co. has a one year low of $88.90 and a one year high of $132.43.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 earnings per share for the quarter, topping 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%. As a group, research analysts expect that RTX Co. will post 6.1 EPS 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.