Leonard Rickey Investment Advisors P.L.L.C. Boosts Stock Position in RTX Co. (NYSE:RTX)

Leonard Rickey Investment Advisors P.L.L.C. boosted its holdings in shares of RTX Co. (NYSE:RTX) by 10.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,853 shares of the company’s stock after acquiring an additional 179 shares during the period. Leonard Rickey Investment Advisors P.L.L.C.’s holdings in RTX were worth $214,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Pacer Advisors Inc. increased its position in shares of RTX by 4.6% during the 2nd quarter. Pacer Advisors Inc. now owns 95,289 shares of the company’s stock valued at $9,566,000 after purchasing an additional 4,148 shares during the last quarter. Sei Investments Co. boosted its stake in RTX by 1.7% during the second quarter. Sei Investments Co. now owns 637,707 shares of the company’s stock worth $64,018,000 after buying an additional 10,928 shares during the period. Thrivent Financial for Lutherans boosted its stake in RTX by 23.5% during the second quarter. Thrivent Financial for Lutherans now owns 289,915 shares of the company’s stock worth $29,105,000 after buying an additional 55,196 shares during the period. ProShare Advisors LLC raised its stake in shares of RTX by 6.8% in the second quarter. ProShare Advisors LLC now owns 183,653 shares of the company’s stock valued at $18,437,000 after acquiring an additional 11,770 shares during the period. Finally, Frank Rimerman Advisors LLC lifted its holdings in shares of RTX by 3,170.6% in the 2nd quarter. Frank Rimerman Advisors LLC now owns 8,569 shares of the company’s stock worth $860,000 after acquiring an additional 8,307 shares during the last quarter. Institutional investors own 86.50% of the company’s stock.

RTX Stock Performance

Shares of NYSE:RTX opened at $121.30 on Tuesday. 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 $161.45 billion, a price-to-earnings ratio of 34.66, a price-to-earnings-growth ratio of 1.93 and a beta of 0.81. RTX Co. has a 52 week low of $84.43 and a 52 week high of $128.70. The firm has a 50 day moving average of $118.03 and a 200 day moving average of $117.84.

RTX (NYSE:RTX) last announced its 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. The company had revenue of $20.09 billion during the quarter, compared to the consensus estimate of $19.84 billion. RTX had a net margin of 5.97% and a return on equity of 11.96%. RTX’s revenue was up 6.0% compared to the same quarter last year. During the same period last year, the firm earned $1.25 earnings per share. On average, sell-side analysts predict that RTX Co. will post 5.56 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently commented on RTX shares. Deutsche Bank Aktiengesellschaft upgraded shares of RTX from a “hold” rating to a “buy” rating and upped their price target for the company from $131.00 to $140.00 in a report on Thursday, January 2nd. Susquehanna reduced their price target on RTX from $150.00 to $139.00 and set a “positive” rating on the stock in a report on Wednesday, January 8th. Wells Fargo & Company boosted their price objective on RTX from $140.00 to $151.00 and gave the company an “overweight” rating in a report on Wednesday, January 8th. TD Cowen upgraded RTX to a “strong-buy” rating in a research note on Tuesday, October 8th. Finally, Royal Bank of Canada raised shares of RTX from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $130.00 to $140.00 in a research note on Thursday, December 19th. Six equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.