Eastover Investment Advisors LLC Has $7.25 Million Holdings in RTX Co. (NYSE:RTX)

Eastover Investment Advisors LLC decreased its position in RTX Co. (NYSE:RTX) by 2.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 62,609 shares of the company’s stock after selling 1,509 shares during the period. RTX makes up 3.4% of Eastover Investment Advisors LLC’s holdings, making the stock its 11th biggest holding. Eastover Investment Advisors LLC’s holdings in RTX were worth $7,245,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Geode Capital Management LLC increased its stake in shares of RTX by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 27,263,780 shares of the company’s stock valued at $3,290,622,000 after acquiring an additional 508,344 shares in the last quarter. Fisher Asset Management LLC grew its holdings in RTX by 4.8% in the third 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 during the period. Legal & General Group Plc increased its stake in RTX by 4.4% in the second quarter. Legal & General Group Plc now owns 8,577,770 shares of the company’s stock valued at $861,122,000 after purchasing an additional 362,340 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of RTX by 5.2% during the second quarter. Ameriprise Financial Inc. now owns 8,284,944 shares of the company’s stock valued at $831,740,000 after purchasing an additional 408,551 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of RTX by 5.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 7,444,471 shares of the company’s stock worth $747,347,000 after purchasing an additional 417,789 shares in the last quarter. Institutional investors own 86.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on RTX shares. Susquehanna dropped their price target on RTX from $150.00 to $139.00 and set a “positive” rating on the stock in a research note on Wednesday, January 8th. Morgan Stanley upped their target price on RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 23rd. Barclays lifted their price target on shares of RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 29th. Royal Bank of Canada upgraded shares of RTX from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $130.00 to $140.00 in a report on Thursday, December 19th. Finally, Citigroup lifted their price objective on shares of RTX from $122.00 to $132.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Six research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, RTX has an average rating of “Moderate Buy” and an average target price of $156.87.

RTX Price Performance

Shares of NYSE RTX opened at $115.06 on Monday. 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 company has a market capitalization of $153.15 billion, a PE ratio of 32.87, a PEG ratio of 2.08 and a beta of 0.81. The stock’s 50 day moving average price is $118.18 and its 200-day moving average price is $117.01. RTX Co. has a twelve month low of $84.43 and a twelve month high of $128.70.

RTX (NYSE:RTX) last announced its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.11. The firm had revenue of $20.09 billion during the quarter, compared to the consensus estimate of $19.84 billion. RTX had a return on equity of 11.96% and a net margin of 5.97%. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.25 EPS. On average, equities analysts anticipate that RTX Co. will post 5.56 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.