Essex Savings Bank Has $3.03 Million Position in RTX Co. (NYSE:RTX)

Essex Savings Bank increased its holdings in shares of RTX Co. (NYSE:RTX) by 3.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 26,154 shares of the company’s stock after acquiring an additional 816 shares during the quarter. RTX comprises about 0.7% of Essex Savings Bank’s holdings, making the stock its 27th largest position. Essex Savings Bank’s holdings in RTX were worth $3,027,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in RTX. USA Financial Formulas raised its position in shares of RTX by 3,925.2% during the fourth quarter. USA Financial Formulas now owns 5,273 shares of the company’s stock worth $610,000 after acquiring an additional 5,142 shares during the last quarter. Godsey & Gibb Inc. increased its position in RTX by 0.3% during the 4th quarter. Godsey & Gibb Inc. now owns 202,492 shares of the company’s stock valued at $23,432,000 after purchasing an additional 641 shares during the period. Cliftonlarsonallen Wealth Advisors LLC raised its holdings in RTX by 7.9% during the 4th quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 13,972 shares of the company’s stock worth $1,617,000 after purchasing an additional 1,021 shares during the last quarter. Burney Co. lifted its position in shares of RTX by 0.4% in the 4th quarter. Burney Co. now owns 121,238 shares of the company’s stock worth $14,030,000 after purchasing an additional 458 shares during the period. Finally, Wolff Wiese Magana LLC boosted its stake in shares of RTX by 1.0% in the 4th quarter. Wolff Wiese Magana LLC now owns 21,564 shares of the company’s stock valued at $2,495,000 after purchasing an additional 213 shares during the last quarter. 86.50% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on RTX shares. Morgan Stanley lifted their target price on shares of RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 23rd. Barclays boosted their price objective on RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 29th. UBS Group raised their target price on RTX from $126.00 to $133.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. 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. Finally, Citigroup raised their price objective on shares of RTX from $122.00 to $132.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Six investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, RTX presently has a consensus rating of “Moderate Buy” and an average target price of $156.87.

RTX Stock Down 0.3 %

RTX opened at $119.07 on Thursday. RTX Co. has a fifty-two week low of $84.43 and a fifty-two week high of $128.70. The firm has a market capitalization of $158.48 billion, a P/E ratio of 34.02, a PEG ratio of 1.84 and a beta of 0.81. The company’s 50-day moving average is $118.19 and its 200 day moving average is $117.27. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.99 and a quick ratio of 0.73.

RTX (NYSE:RTX) last released its earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share (EPS) 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 analyst estimates of $19.84 billion. RTX had a return on equity of 11.96% and a net margin of 5.97%. RTX’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.25 earnings per share. Research analysts expect that RTX Co. will post 5.55 earnings per share for the current fiscal 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.