Joule Financial LLC Has $377,000 Stock Position in RTX Co. (NYSE:RTX)

Joule Financial LLC increased its position in shares of RTX Co. (NYSE:RTX) by 3.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,256 shares of the company’s stock after acquiring an additional 97 shares during the quarter. Joule Financial LLC’s holdings in RTX were worth $377,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Geode Capital Management LLC increased its holdings in shares of RTX by 1.9% in the third quarter. Geode Capital Management LLC now owns 27,263,780 shares of the company’s stock worth $3,290,622,000 after acquiring an additional 508,344 shares in the last quarter. Fisher Asset Management LLC increased its position in shares of RTX by 4.8% during the third quarter. Fisher Asset Management LLC now owns 18,471,471 shares of the company’s stock worth $2,238,004,000 after acquiring an additional 852,183 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of RTX by 4.4% during the second quarter. Legal & General Group Plc now owns 8,577,770 shares of the company’s stock worth $861,122,000 after acquiring an additional 362,340 shares during the period. Ameriprise Financial Inc. lifted its position in RTX by 5.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 8,284,944 shares of the company’s stock valued at $831,740,000 after acquiring an additional 408,551 shares in the last quarter. Finally, FMR LLC boosted its stake in RTX by 8.7% in the 3rd quarter. FMR LLC now owns 6,102,848 shares of the company’s stock worth $739,421,000 after purchasing an additional 490,109 shares during the period. Institutional investors own 86.50% of the company’s stock.

Analysts Set New Price Targets

RTX has been the topic of a number of research reports. TD Cowen upgraded RTX to a “strong-buy” rating in a report on Tuesday, October 8th. Susquehanna lowered their price objective on shares of RTX from $150.00 to $139.00 and set a “positive” rating on the stock in a report on Wednesday, January 8th. Citigroup increased their target price on shares of RTX from $122.00 to $132.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Royal Bank of Canada upgraded shares of RTX from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $130.00 to $140.00 in a research note on Thursday, December 19th. Finally, Barclays raised their price objective on RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a report on Tuesday, October 29th. Six analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $156.87.

RTX Trading Up 0.7 %

Shares of RTX stock opened at $121.30 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.99 and a quick ratio of 0.73. The business has a fifty day simple moving average of $118.10 and a two-hundred day simple moving average of $117.57. RTX Co. has a 1 year low of $84.43 and a 1 year high of $128.70. The company has a market capitalization of $161.45 billion, a price-to-earnings ratio of 34.66, a P/E/G ratio of 1.84 and a beta of 0.81.

RTX (NYSE:RTX) last announced its earnings results on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, topping the consensus estimate of $1.34 by $0.11. The business 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 quarter in the previous year, the firm posted $1.25 EPS. Research analysts forecast that RTX Co. will post 5.55 EPS for the current 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.