Arthur M. Cohen & Associates LLC Has $4.02 Million Stake in RTX Co. (NYSE:RTX)

Arthur M. Cohen & Associates LLC boosted its holdings in RTX Co. (NYSE:RTX) by 0.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 34,710 shares of the company’s stock after buying an additional 300 shares during the period. RTX makes up about 0.7% of Arthur M. Cohen & Associates LLC’s investment portfolio, making the stock its 25th biggest position. Arthur M. Cohen & Associates LLC’s holdings in RTX were worth $4,017,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. MidAtlantic Capital Management Inc. bought a new position in shares of RTX in the 3rd quarter worth $29,000. Modus Advisors LLC bought a new position in RTX during the fourth quarter worth about $39,000. Western Pacific Wealth Management LP acquired a new position in shares of RTX during the 3rd quarter worth about $41,000. Kimelman & Baird LLC bought a new stake in shares of RTX in the 2nd quarter valued at about $46,000. Finally, ORG Wealth Partners LLC acquired a new stake in shares of RTX in the 3rd quarter valued at approximately $50,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Price Performance

Shares of RTX opened at $121.30 on Friday. The company has a 50 day moving average of $118.10 and a 200-day moving average of $117.45. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $161.45 billion, a P/E ratio of 34.66, a P/E/G ratio of 1.84 and a beta of 0.81. RTX Co. has a twelve month low of $84.43 and a twelve month high of $128.70.

RTX (NYSE:RTX) last released its earnings results 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. RTX had a net margin of 5.97% and a return on equity of 11.96%. The business had revenue of $20.09 billion during the quarter, compared to the consensus estimate of $19.84 billion. During the same quarter last year, the firm earned $1.25 earnings per share. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. As a group, equities research analysts forecast that RTX Co. will post 5.55 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently issued reports on RTX. UBS Group boosted their price objective on shares of RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Wells Fargo & Company boosted their price target on shares of RTX from $140.00 to $151.00 and gave the company an “overweight” rating in a report on Wednesday, January 8th. Royal Bank of Canada raised RTX from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from $130.00 to $140.00 in a research note on Thursday, December 19th. Susquehanna decreased their target price on RTX from $150.00 to $139.00 and set a “positive” rating for the company in a research note on Wednesday, January 8th. Finally, Morgan Stanley raised their price target on RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 23rd. Six research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target 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.