TCI Wealth Advisors Inc. lessened its holdings in RTX Co. (NYSE:RTX – Free Report) by 4.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,263 shares of the company’s stock after selling 357 shares during the period. TCI Wealth Advisors Inc.’s holdings in RTX were worth $841,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. MidAtlantic Capital Management Inc. purchased a new stake in RTX in the 3rd quarter valued at approximately $29,000. Modus Advisors LLC acquired a new position in shares of RTX in the fourth quarter worth $39,000. Western Pacific Wealth Management LP acquired a new stake in shares of RTX during the third quarter valued at $41,000. ORG Wealth Partners LLC purchased a new stake in RTX during the 3rd quarter worth about $50,000. Finally, Mowery & Schoenfeld Wealth Management LLC raised its stake in RTX by 20.1% in the 3rd quarter. Mowery & Schoenfeld Wealth Management LLC now owns 514 shares of the company’s stock valued at $62,000 after purchasing an additional 86 shares during the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research firms have issued reports on RTX. JPMorgan Chase & Co. raised their price target on shares of RTX from $140.00 to $150.00 and gave the stock an “overweight” rating in a research note on Wednesday. Susquehanna increased their price target on RTX from $139.00 to $147.00 and gave the stock a “positive” rating in a research note on Wednesday. UBS Group lifted their price objective on RTX from $128.00 to $142.00 and gave the company a “neutral” rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft raised RTX from a “hold” rating to a “buy” rating and raised their price target for the stock from $131.00 to $140.00 in a research note on Thursday, January 2nd. Finally, Citigroup raised shares of RTX from a “neutral” rating to a “buy” rating and upped their price objective for the company from $132.00 to $153.00 in a research note on Tuesday, January 21st. Six equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $163.07.
RTX Stock Up 3.2 %
Shares of NYSE RTX opened at $129.14 on Friday. The stock has a fifty day moving average price of $118.97 and a 200 day moving average price of $119.00. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.63. RTX Co. has a 12-month low of $88.90 and a 12-month high of $132.43. The company has a market cap of $171.89 billion, a P/E ratio of 36.38, a P/E/G ratio of 1.99 and a beta of 0.81.
RTX (NYSE:RTX – Get Free Report) last posted its earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.19. RTX had a return on equity of 12.45% and a net margin of 5.91%. Research analysts anticipate that RTX Co. will post 6.1 EPS for the current fiscal year.
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.
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