Cascade Investment Group Inc. Purchases 624 Shares of RTX Co. (NYSE:RTX)

Cascade Investment Group Inc. boosted its position in shares of RTX Co. (NYSE:RTX) by 14.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,951 shares of the company’s stock after acquiring an additional 624 shares during the quarter. Cascade Investment Group Inc.’s holdings in RTX were worth $573,000 at the end of the most recent reporting period.

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

RTX Trading Up 0.7 %

Shares of RTX opened at $121.30 on Monday. RTX Co. has a twelve month low of $84.43 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. The company’s fifty day simple moving average is $118.10 and its 200-day simple moving average is $117.69. The company has a market cap 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 (NYSE:RTX) last announced its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, beating the consensus estimate of $1.34 by $0.11. RTX had a return on equity of 11.96% and a net margin of 5.97%. The company had revenue of $20.09 billion for the quarter, compared to the consensus estimate of $19.84 billion. During the same quarter in the prior year, the company posted $1.25 EPS. RTX’s quarterly revenue was up 6.0% on a year-over-year basis. As a group, analysts expect that RTX Co. will post 5.55 EPS for the current year.

Analyst Ratings Changes

RTX has been the subject of a number of recent research reports. Susquehanna decreased their price objective on RTX from $150.00 to $139.00 and set a “positive” rating for the company in a report on Wednesday, January 8th. Wells Fargo & Company upped their target price on RTX from $140.00 to $151.00 and gave the company an “overweight” rating in a research report on Wednesday, January 8th. Royal Bank of Canada upgraded RTX from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from $130.00 to $140.00 in a report on Thursday, December 19th. Morgan Stanley raised their price objective on shares of RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 23rd. Finally, UBS Group boosted their target price on shares of RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Six research 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. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.