RTX Co. (NYSE:RTX) Shares Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC increased its position in shares of RTX Co. (NYSE:RTX) by 3.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 679,565 shares of the company’s stock after purchasing an additional 19,970 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in RTX were worth $82,336,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. ORG Partners LLC raised its stake in shares of RTX by 16.8% during the 4th quarter. ORG Partners LLC now owns 2,201 shares of the company’s stock worth $255,000 after buying an additional 317 shares during the last quarter. Baker Tilly Wealth Management LLC raised its position in RTX by 6.7% during the fourth quarter. Baker Tilly Wealth Management LLC now owns 9,662 shares of the company’s stock worth $1,118,000 after acquiring an additional 610 shares during the last quarter. Fortitude Family Office LLC lifted its holdings in shares of RTX by 211.0% in the fourth quarter. Fortitude Family Office LLC now owns 2,998 shares of the company’s stock valued at $347,000 after purchasing an additional 2,034 shares in the last quarter. Legacy Private Trust Co. acquired a new stake in shares of RTX in the fourth quarter valued at approximately $393,000. Finally, First Hawaiian Bank increased its stake in shares of RTX by 2.1% during the 4th quarter. First Hawaiian Bank now owns 68,639 shares of the company’s stock worth $7,943,000 after purchasing an additional 1,440 shares in the last quarter. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

RTX Price Performance

RTX stock opened at $115.06 on Friday. The stock has a 50-day moving average price of $118.26 and a two-hundred day moving average price of $116.71. The company has a market cap of $153.15 billion, a PE ratio of 32.87, a price-to-earnings-growth ratio of 2.08 and a beta of 0.81. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.62. RTX Co. has a 12-month low of $84.43 and a 12-month high of $128.70.

RTX (NYSE:RTX) last posted its earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.11. The firm 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%. The company’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.25 EPS. As a group, research analysts predict that RTX Co. will post 5.56 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. UBS Group upped their target price on RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Citigroup increased their price objective on RTX from $122.00 to $132.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Wells Fargo & Company boosted their target price on shares of RTX from $140.00 to $151.00 and gave the company an “overweight” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft raised shares of RTX from a “hold” rating to a “buy” rating and raised their price target for the stock from $131.00 to $140.00 in a research note on Thursday, January 2nd. Finally, Royal Bank of Canada raised shares of RTX from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from $130.00 to $140.00 in a research report on Thursday, December 19th. Six analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $156.87.

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.