RTX Co. (NYSE:RTX) Shares Purchased by DMC Group LLC

DMC Group LLC boosted its position in shares of RTX Co. (NYSE:RTX) by 5.2% in the 4th quarter, HoldingsChannel reports. The fund owned 12,118 shares of the company’s stock after acquiring an additional 604 shares during the period. RTX accounts for about 1.1% of DMC Group LLC’s portfolio, making the stock its 23rd biggest holding. DMC Group LLC’s holdings in RTX were worth $1,402,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Legacy Trust grew its stake in shares of RTX by 2.7% during the fourth quarter. Legacy Trust now owns 55,310 shares of the company’s stock worth $6,400,000 after purchasing an additional 1,442 shares in the last quarter. Strategic Planning Group LLC boosted its holdings in RTX by 4.0% in the fourth quarter. Strategic Planning Group LLC now owns 35,310 shares of the company’s stock valued at $4,086,000 after purchasing an additional 1,351 shares in the last quarter. Gries Financial LLC increased its stake in RTX by 17.6% in the fourth quarter. Gries Financial LLC now owns 9,765 shares of the company’s stock valued at $1,130,000 after purchasing an additional 1,463 shares during the last quarter. Reston Wealth Management LLC raised its holdings in RTX by 3,888.1% during the fourth quarter. Reston Wealth Management LLC now owns 2,672 shares of the company’s stock worth $309,000 after purchasing an additional 2,605 shares in the last quarter. Finally, Orrstown Financial Services Inc. lifted its position in shares of RTX by 1.2% during the 4th quarter. Orrstown Financial Services Inc. now owns 11,099 shares of the company’s stock worth $1,284,000 after buying an additional 134 shares during the last quarter. 86.50% of the stock is owned by hedge funds and other institutional investors.

RTX Stock Down 2.4 %

Shares of NYSE:RTX opened at $125.25 on Thursday. RTX Co. has a fifty-two week low of $88.90 and a fifty-two week high of $132.43. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 0.62. The firm’s 50-day simple moving average is $118.79 and its 200-day simple moving average is $118.93. The company has a market cap of $166.71 billion, a price-to-earnings ratio of 35.79, a PEG ratio of 1.99 and a beta of 0.81.

RTX (NYSE:RTX) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 earnings per share for the quarter, beating 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, equities research analysts predict that RTX Co. will post 5.56 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on RTX. TD Cowen upgraded shares of RTX to a “strong-buy” rating in a research note on Tuesday, October 8th. Wells Fargo & Company boosted their target price on RTX from $140.00 to $151.00 and gave the company an “overweight” rating in a report on Wednesday, January 8th. Barclays raised their price target on RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 29th. JPMorgan Chase & Co. boosted their price objective on RTX from $140.00 to $150.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, StockNews.com cut shares of RTX from a “buy” rating to a “hold” rating in a report on Wednesday. Six research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $161.73.

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.