Mediolanum International Funds Ltd Acquires 31,890 Shares of RTX Co. (NYSE:RTX)

Mediolanum International Funds Ltd lifted its holdings in RTX Co. (NYSE:RTX) by 108.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 61,290 shares of the company’s stock after acquiring an additional 31,890 shares during the quarter. Mediolanum International Funds Ltd’s holdings in RTX were worth $7,044,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in RTX. Geode Capital Management LLC grew its stake in shares of RTX by 1.9% during the third quarter. Geode Capital Management LLC now owns 27,263,780 shares of the company’s stock valued at $3,290,622,000 after buying an additional 508,344 shares during the last quarter. Fisher Asset Management LLC increased its stake in shares of RTX by 4.8% in the third quarter. Fisher Asset Management LLC now owns 18,471,471 shares of the company’s stock worth $2,238,004,000 after buying an additional 852,183 shares during the period. FMR LLC raised its holdings in RTX by 8.7% during the 3rd quarter. FMR LLC now owns 6,102,848 shares of the company’s stock valued at $739,421,000 after buying an additional 490,109 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in RTX by 2.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,886,614 shares of the company’s stock worth $713,222,000 after acquiring an additional 140,697 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its position in shares of RTX by 1.3% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,937,660 shares of the company’s stock valued at $355,927,000 after acquiring an additional 38,930 shares during the period. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Price Performance

NYSE RTX opened at $129.08 on Friday. The stock has a 50-day moving average of $119.14 and a 200 day moving average of $119.20. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.73 and a current ratio of 0.99. The company has a market capitalization of $171.81 billion, a price-to-earnings ratio of 36.36, a PEG ratio of 1.99 and a beta of 0.81. RTX Co. has a one year low of $88.90 and a one year high of $132.43.

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

Analyst Ratings Changes

Several analysts recently issued reports on the company. StockNews.com cut RTX from a “buy” rating to a “hold” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft upgraded RTX from a “hold” rating to a “buy” rating and upped their target price for the company from $131.00 to $140.00 in a report on Thursday, January 2nd. Susquehanna lifted their price target on shares of RTX from $139.00 to $147.00 and gave the company a “positive” rating in a report on Wednesday. Vertical Research raised shares of RTX to a “strong-buy” rating in a research note on Tuesday. Finally, Citigroup upgraded RTX from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $132.00 to $153.00 in a report on Tuesday, January 21st. Six analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $163.07.

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.