Harel Insurance Investments & Financial Services Ltd. Acquires 20,182 Shares of RTX Co. (NYSE:RTX)

Harel Insurance Investments & Financial Services Ltd. grew its stake in shares of RTX Co. (NYSE:RTX) by 4.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 441,079 shares of the company’s stock after buying an additional 20,182 shares during the quarter. RTX makes up 0.8% of Harel Insurance Investments & Financial Services Ltd.’s holdings, making the stock its 29th biggest holding. Harel Insurance Investments & Financial Services Ltd.’s holdings in RTX were worth $51,042,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of the stock. MidAtlantic Capital Management Inc. bought a new stake in shares of RTX during the third quarter worth about $29,000. Western Pacific Wealth Management LP bought a new stake in RTX in the 3rd quarter valued at about $41,000. Modus Advisors LLC purchased a new stake in shares of RTX during the fourth quarter worth $39,000. ORG Wealth Partners LLC bought a new position in RTX in the 3rd quarter worth about $50,000. Finally, Kimelman & Baird LLC purchased a new position in RTX during the second quarter valued at approximately $46,000. 86.50% of the stock is owned by institutional investors.

RTX Trading Down 0.8 %

Shares of NYSE RTX opened at $125.23 on Friday. The business has a fifty day moving average price of $118.38 and a 200 day moving average price of $118.29. RTX Co. has a 1-year low of $88.90 and a 1-year high of $128.70. 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 stock has a market capitalization of $166.69 billion, a P/E ratio of 35.78, a price-to-earnings-growth ratio of 1.99 and a beta of 0.81.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.11. RTX had a return on equity of 11.96% and a net margin of 5.97%. The firm had revenue of $20.09 billion during the quarter, compared to analysts’ expectations of $19.84 billion. During the same quarter last year, the firm earned $1.25 EPS. The business’s quarterly revenue was up 6.0% on a year-over-year basis. Equities research analysts expect that RTX Co. will post 5.56 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on RTX. Morgan Stanley boosted their price objective on RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 23rd. Citigroup upgraded shares of RTX from a “neutral” rating to a “buy” rating and increased their target price for the stock from $132.00 to $153.00 in a report on Tuesday. Wells Fargo & Company boosted their price target on shares of RTX from $140.00 to $151.00 and gave the company an “overweight” rating in a research report on Wednesday, January 8th. Barclays raised their price objective on RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 29th. Finally, UBS Group boosted their price target on RTX from $126.00 to $133.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Five research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, RTX currently has an average rating of “Moderate Buy” and a consensus target price of $158.27.

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.