RTX Co. (NYSE:RTX) Shares Purchased by OLD National Bancorp IN

OLD National Bancorp IN raised its stake in shares of RTX Co. (NYSE:RTX) by 1.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 34,107 shares of the company’s stock after buying an additional 439 shares during the quarter. OLD National Bancorp IN’s holdings in RTX were worth $3,947,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of RTX. Strategic Investment Solutions Inc. IL purchased a new stake in shares of RTX during the second quarter worth about $132,000. Newbridge Financial Services Group Inc. grew its stake in RTX by 6.4% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 2,662 shares of the company’s stock worth $267,000 after acquiring an additional 159 shares during the period. Mattson Financial Services LLC acquired a new position in RTX in the 2nd quarter valued at $1,257,000. Abacus Planning Group Inc. lifted its stake in shares of RTX by 7.8% during the 3rd quarter. Abacus Planning Group Inc. now owns 2,986 shares of the company’s stock worth $362,000 after purchasing an additional 215 shares during the period. Finally, Massmutual Trust Co. FSB ADV boosted its holdings in shares of RTX by 2.6% during the third quarter. Massmutual Trust Co. FSB ADV now owns 240,719 shares of the company’s stock worth $29,166,000 after purchasing an additional 6,097 shares during the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on RTX. Bank of America increased their target price on RTX from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday. Susquehanna raised their target price on shares of RTX from $139.00 to $147.00 and gave the stock a “positive” rating in a research report on Wednesday. UBS Group upped their price target on shares of RTX from $128.00 to $142.00 and gave the stock a “neutral” rating in a research report on Wednesday. Wells Fargo & Company lifted their price target on shares of RTX from $151.00 to $156.00 and gave the company an “overweight” rating in a report on Thursday. Finally, StockNews.com downgraded RTX from a “buy” rating to a “hold” rating in a report on Wednesday. Six equities 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. Based on data from MarketBeat, RTX presently has an average rating of “Moderate Buy” and an average price target of $163.07.

RTX Stock Performance

Shares of NYSE:RTX opened at $129.14 on Friday. The business’s 50-day simple moving average is $118.97 and its 200 day simple moving average is $119.00. The company has a market cap of $171.89 billion, a P/E ratio of 36.38, a PEG ratio of 1.99 and a beta of 0.81. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.73 and a current ratio of 0.99. RTX Co. has a one year low of $88.90 and a one year high of $132.43.

RTX (NYSE:RTX) last posted its earnings results on Tuesday, January 28th. The company reported $1.54 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.19. RTX had a net margin of 5.91% and a return on equity of 12.45%. On average, sell-side analysts forecast that RTX Co. will post 6.1 earnings per share for the current fiscal year.

RTX 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.