Perigon Wealth Management LLC Has $8.83 Million Stake in RTX Co. (NYSE:RTX)

Perigon Wealth Management LLC lifted its holdings in RTX Co. (NYSE:RTX) by 1.7% during the fourth quarter, HoldingsChannel reports. The firm owned 73,277 shares of the company’s stock after purchasing an additional 1,245 shares during the period. Perigon Wealth Management LLC’s holdings in RTX were worth $8,827,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in RTX. Dark Forest Capital Management LP acquired a new stake in RTX during the second quarter worth about $248,000. Ascent Group LLC acquired a new stake in RTX during the second quarter valued at approximately $251,000. Creative Planning boosted its holdings in shares of RTX by 7.2% in the 2nd quarter. Creative Planning now owns 484,665 shares of the company’s stock worth $48,656,000 after acquiring an additional 32,473 shares in the last quarter. Magnolia Capital Advisors LLC acquired a new position in shares of RTX in the 2nd quarter worth approximately $253,000. Finally, NewEdge Advisors LLC boosted its holdings in shares of RTX by 0.3% in the 2nd quarter. NewEdge Advisors LLC now owns 126,267 shares of the company’s stock worth $12,676,000 after acquiring an additional 375 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors.

RTX Price Performance

Shares of NYSE RTX opened at $124.72 on Tuesday. The firm has a market cap of $166.00 billion, a PE ratio of 35.63, a PEG ratio of 1.99 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 1-year low of $88.90 and a 1-year high of $128.70. The company has a fifty day moving average price of $118.49 and a 200 day moving average price of $118.70.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.19. RTX had a net margin of 5.97% and a return on equity of 11.96%. Research analysts predict that RTX Co. will post 5.56 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on RTX. TD Cowen upgraded shares of RTX to a “strong-buy” rating in a research report on Tuesday, October 8th. Wells Fargo & Company upped their target price 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. Royal Bank of Canada upgraded shares of RTX from a “sector perform” rating to an “outperform” rating and upped their target price 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 upped their target price for the company from $132.00 to $153.00 in a research report on Tuesday, January 21st. Finally, Morgan Stanley upped their target price on shares of RTX from $120.00 to $130.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 23rd. Five investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $158.27.

RTX Company Profile

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.