Revolve Wealth Partners LLC Buys 159 Shares of RTX Co. (NYSE:RTX)

Revolve Wealth Partners LLC grew its position in RTX Co. (NYSE:RTX) by 3.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,873 shares of the company’s stock after buying an additional 159 shares during the quarter. Revolve Wealth Partners LLC’s holdings in RTX were worth $564,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RTX. MidAtlantic Capital Management Inc. acquired a new position in shares of RTX during the third quarter worth $29,000. Modus Advisors LLC bought a new stake in RTX in the fourth quarter worth approximately $39,000. Western Pacific Wealth Management LP acquired a new position in shares of RTX during the 3rd quarter valued at $41,000. Kimelman & Baird LLC bought a new position in shares of RTX during the 2nd quarter worth about $46,000. Finally, ORG Wealth Partners LLC acquired a new position in shares of RTX during the third quarter worth approximately $50,000. 86.50% of the stock is currently owned by institutional investors.

RTX Stock Down 0.5 %

RTX stock opened at $124.72 on Tuesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 0.99. The company has a market capitalization of $166.00 billion, a price-to-earnings ratio of 35.63, a price-to-earnings-growth ratio of 1.99 and a beta of 0.81. The business’s 50 day moving average price is $118.49 and its two-hundred day moving average price is $118.70. RTX Co. has a fifty-two week low of $88.90 and a fifty-two week high of $128.70.

RTX (NYSE:RTX) last issued its quarterly earnings results 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 return on equity of 11.96% and a net margin of 5.97%. As a group, analysts forecast that RTX Co. will post 5.56 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of RTX from a “hold” rating to a “buy” rating and increased their target price for the company from $131.00 to $140.00 in a report on Thursday, January 2nd. Citigroup upgraded RTX from a “neutral” rating to a “buy” rating and raised their target price for the stock from $132.00 to $153.00 in a research note on Tuesday, January 21st. Wells Fargo & Company increased their price objective on RTX from $140.00 to $151.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 8th. Susquehanna decreased their price target on shares of RTX from $150.00 to $139.00 and set a “positive” rating on the stock in a report on Wednesday, January 8th. Finally, TD Cowen upgraded shares of RTX to a “strong-buy” rating in a research report on Tuesday, October 8th. Five research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $158.27.

RTX 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.