Bessemer Group Inc. Has $8.93 Million Stock Holdings in RTX Corporation $RTX

Bessemer Group Inc. increased its stake in RTX Corporation (NYSE:RTXFree Report) by 9.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 53,343 shares of the company’s stock after acquiring an additional 4,726 shares during the quarter. Bessemer Group Inc.’s holdings in RTX were worth $8,926,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. LFA Lugano Financial Advisors SA acquired a new stake in shares of RTX during the second quarter worth $29,000. Valley Wealth Managers Inc. bought a new stake in RTX during the third quarter valued at $30,000. Access Investment Management LLC acquired a new stake in RTX during the 2nd quarter worth about $31,000. SOA Wealth Advisors LLC. raised its position in shares of RTX by 57.4% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 192 shares of the company’s stock worth $32,000 after acquiring an additional 70 shares in the last quarter. Finally, Clayton Financial Group LLC acquired a new position in shares of RTX in the 3rd quarter valued at about $36,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Stock Up 1.4%

Shares of NYSE RTX opened at $198.78 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.03 and a quick ratio of 0.80. The company has a 50-day moving average price of $187.63 and a 200-day moving average price of $172.10. The stock has a market capitalization of $266.52 billion, a P/E ratio of 40.08, a P/E/G ratio of 2.83 and a beta of 0.43. RTX Corporation has a 1 year low of $112.27 and a 1 year high of $206.48.

RTX (NYSE:RTXGet Free Report) last announced its quarterly earnings results on Tuesday, January 27th. The company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.08. The business had revenue of $24.24 billion for the quarter, compared to analysts’ expectations of $22.65 billion. RTX had a net margin of 7.60% and a return on equity of 13.08%. The firm’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.54 EPS. RTX has set its FY 2026 guidance at 6.600-6.800 EPS. On average, equities research analysts forecast that RTX Corporation will post 6.11 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Wall Street Zen downgraded RTX from a “strong-buy” rating to a “buy” rating in a report on Sunday, December 14th. JPMorgan Chase & Co. lifted their price objective on shares of RTX from $200.00 to $215.00 and gave the company an “overweight” rating in a research note on Wednesday, January 28th. Citigroup increased their target price on shares of RTX from $227.00 to $238.00 and gave the stock a “buy” rating in a research note on Thursday. Jefferies Financial Group reiterated a “hold” rating and set a $225.00 price objective on shares of RTX in a report on Wednesday, January 28th. Finally, Susquehanna restated a “positive” rating and issued a $230.00 target price on shares of RTX in a research note on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $199.50.

Get Our Latest Stock Analysis on RTX

Key RTX News

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RTX Profile

(Free Report)

RTX (NYSE: RTX) is a U.S.-based aerospace and defense company that designs, manufactures and services advanced systems for commercial, military and governmental customers worldwide. The company was created through the 2020 combination of Raytheon Company and United Technologies Corporation and later adopted the RTX name, positioning itself as a diversified provider across the aerospace and defense value chain.

RTX’s operations span a broad set of capabilities. Its commercial aerospace businesses include Pratt & Whitney aircraft engines and Collins Aerospace systems, which supply propulsion, avionics, aerostructures, interiors and integrated aircraft systems.

Further Reading

Institutional Ownership by Quarter for RTX (NYSE:RTX)

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