Private Client Services LLC Boosts Position in RTX Co. (NYSE:RTX)

Private Client Services LLC increased its position in RTX Co. (NYSE:RTX) by 6.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,806 shares of the company’s stock after acquiring an additional 164 shares during the quarter. Private Client Services LLC’s holdings in RTX were worth $325,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. MidAtlantic Capital Management Inc. bought a new position in shares of RTX in the third quarter worth $29,000. Modus Advisors LLC bought a new stake in RTX during the fourth quarter valued at approximately $39,000. Fairfield Financial Advisors LTD bought a new position in shares of RTX in the 2nd quarter worth $41,000. Western Pacific Wealth Management LP purchased a new stake in shares of RTX during the 3rd quarter valued at $41,000. Finally, Kimelman & Baird LLC bought a new stake in shares of RTX during the 2nd quarter worth $46,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on RTX shares. Wells Fargo & Company raised their price target on RTX from $140.00 to $151.00 and gave the company an “overweight” rating in a research report on Wednesday. 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. Susquehanna cut their target price on RTX from $150.00 to $139.00 and set a “positive” rating for the company in a research note on Wednesday. Royal Bank of Canada raised shares of RTX from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from $130.00 to $140.00 in a research note on Thursday, December 19th. Finally, Deutsche Bank Aktiengesellschaft raised shares of RTX from a “hold” rating to a “buy” rating and upped their price objective for the company from $131.00 to $140.00 in a research note on Thursday, January 2nd. Six analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $156.87.

RTX Trading Up 0.8 %

RTX traded up $0.89 during midday trading on Wednesday, reaching $115.69. 1,681,091 shares of the company’s stock traded hands, compared to its average volume of 3,018,451. The stock has a market capitalization of $153.99 billion, a price-to-earnings ratio of 33.05, a P/E/G ratio of 2.08 and a beta of 0.81. RTX Co. has a 52 week low of $84.43 and a 52 week high of $128.70. The firm has a fifty day moving average of $118.48 and a two-hundred day moving average of $116.72. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.99 and a quick ratio of 0.73.

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

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.