RTX Co. (NYSE:RTX) Shares Purchased by Harel Insurance Investments & Financial Services Ltd.

Harel Insurance Investments & Financial Services Ltd. boosted its position in shares of RTX Co. (NYSE:RTX) by 4.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 441,079 shares of the company’s stock after buying an additional 20,182 shares during the quarter. RTX makes up 0.8% of Harel Insurance Investments & Financial Services Ltd.’s holdings, making the stock its 29th biggest position. Harel Insurance Investments & Financial Services Ltd.’s holdings in RTX were worth $51,042,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Exchange Traded Concepts LLC boosted its holdings in shares of RTX by 7.3% during the 4th quarter. Exchange Traded Concepts LLC now owns 90,506 shares of the company’s stock worth $10,473,000 after purchasing an additional 6,139 shares during the last quarter. CX Institutional boosted its position in shares of RTX by 21.9% during the 4th quarter. CX Institutional now owns 65,150 shares of the company’s stock valued at $7,539,000 after acquiring an additional 11,706 shares during the last quarter. LexAurum Advisors LLC grew its holdings in shares of RTX by 5.6% in the fourth quarter. LexAurum Advisors LLC now owns 7,897 shares of the company’s stock valued at $914,000 after purchasing an additional 422 shares during the period. RFG Advisory LLC increased its position in RTX by 1.4% during the fourth quarter. RFG Advisory LLC now owns 19,901 shares of the company’s stock worth $2,303,000 after purchasing an additional 284 shares during the last quarter. Finally, Financial Partners Group LLC raised its stake in RTX by 20.5% during the fourth quarter. Financial Partners Group LLC now owns 10,940 shares of the company’s stock worth $1,266,000 after purchasing an additional 1,858 shares during the period. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Price Performance

RTX stock opened at $125.23 on Friday. The business has a 50 day simple moving average of $118.38 and a 200-day simple moving average of $118.29. The company has a market capitalization of $166.69 billion, a P/E ratio of 35.78, a PEG ratio of 1.99 and a beta of 0.81. RTX Co. has a twelve month low of $88.90 and a twelve month high of $128.70. 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 (NYSE:RTX) last announced its earnings results on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.34 by $0.11. The business had revenue of $20.09 billion during the quarter, compared to analysts’ expectations of $19.84 billion. RTX had a net margin of 5.97% and a return on equity of 11.96%. The business’s revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.25 earnings per share. As a group, equities analysts anticipate that RTX Co. will post 5.56 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. TD Cowen upgraded RTX to a “strong-buy” rating in a report on Tuesday, October 8th. Susquehanna lowered their price target on RTX from $150.00 to $139.00 and set a “positive” rating for the company in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft upgraded shares of RTX from a “hold” rating to a “buy” rating and boosted their price objective for the company from $131.00 to $140.00 in a report on Thursday, January 2nd. Wells Fargo & Company lifted their price target on shares of RTX from $140.00 to $151.00 and gave the company an “overweight” rating in a research report on Wednesday, January 8th. Finally, Barclays upped their price objective on shares of RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 29th. Five equities research 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’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $158.27.

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.