Drive Wealth Management LLC Has $633,000 Stock Holdings in RTX Co. (NYSE:RTX)

Drive Wealth Management LLC lessened its position in shares of RTX Co. (NYSE:RTX) by 12.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,466 shares of the company’s stock after selling 772 shares during the quarter. Drive Wealth Management LLC’s holdings in RTX were worth $633,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. MidAtlantic Capital Management Inc. acquired a new position in RTX during the 3rd quarter valued at about $29,000. Modus Advisors LLC acquired a new position in RTX in the fourth quarter valued at approximately $39,000. Western Pacific Wealth Management LP acquired a new position in shares of RTX in the 3rd quarter valued at $41,000. Kimelman & Baird LLC acquired a new position in shares of RTX in the 2nd quarter valued at $46,000. Finally, ORG Wealth Partners LLC acquired a new position in shares of RTX in the 3rd quarter valued at $50,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on RTX shares. Susquehanna cut their target price on RTX from $150.00 to $139.00 and set a “positive” rating on the stock in a research note on Wednesday, January 8th. Royal Bank of Canada upgraded shares of RTX from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $130.00 to $140.00 in a research report on Thursday, December 19th. 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, January 21st. Deutsche Bank Aktiengesellschaft upgraded shares of RTX from a “hold” rating to a “buy” rating and increased their target price for the stock from $131.00 to $140.00 in a report on Thursday, January 2nd. Finally, Barclays raised their price objective on RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 29th. Five investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $158.27.

RTX Stock Down 0.8 %

Shares of RTX stock opened at $125.23 on Monday. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.62. The firm’s fifty day moving average price is $118.38 and its two-hundred day moving average price is $118.54. The firm has a market capitalization of $166.69 billion, a P/E ratio of 35.78, a PEG ratio of 1.99 and a beta of 0.81. RTX Co. has a 1 year low of $88.90 and a 1 year high of $128.70.

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.