Cooper Financial Group boosted its stake in shares of RTX Co. (NYSE:RTX – Free Report) by 4.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,507 shares of the company’s stock after acquiring an additional 550 shares during the period. Cooper Financial Group’s holdings in RTX were worth $1,447,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of the business. MidAtlantic Capital Management Inc. acquired a new position in RTX during the 3rd quarter worth about $29,000. Modus Advisors LLC acquired a new position in shares of RTX in the 4th quarter valued at about $39,000. Fairfield Financial Advisors LTD acquired a new position in shares of RTX in the 2nd quarter valued at about $41,000. Western Pacific Wealth Management LP acquired a new position in shares of RTX in the 3rd quarter valued at about $41,000. Finally, Kimelman & Baird LLC acquired a new position in shares of RTX in the 2nd quarter valued at about $46,000. Institutional investors own 86.50% of the company’s stock.
RTX Price Performance
Shares of RTX stock traded up $2.22 on Monday, reaching $117.33. 2,839,052 shares of the company were exchanged, compared to its average volume of 3,534,686. The company has a market cap of $156.17 billion, a price-to-earnings ratio of 33.52, a P/E/G ratio of 2.08 and a beta of 0.81. The business has a 50-day moving average price of $118.18 and a 200 day moving average price of $117.01. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 0.99. RTX Co. has a 1 year low of $84.43 and a 1 year high of $128.70.
Analyst Ratings Changes
A number of analysts have commented on the company. UBS Group boosted their price objective on RTX from $126.00 to $133.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Barclays upped their price objective on RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 29th. Morgan Stanley increased their target price on RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft upgraded RTX from a “hold” rating to a “buy” rating and increased their price objective for the stock from $131.00 to $140.00 in a research report on Thursday, January 2nd. Finally, Citigroup increased their price objective on RTX from $122.00 to $132.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Six research 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. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $156.87.
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.
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