RTX Co. (NYSE:RTX) Shares Purchased by Monterey Private Wealth Inc.

Monterey Private Wealth Inc. boosted its holdings in shares of RTX Co. (NYSE:RTX) by 4.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 4,881 shares of the company’s stock after buying an additional 195 shares during the period. Monterey Private Wealth Inc.’s holdings in RTX were worth $565,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in RTX. MidAtlantic Capital Management Inc. acquired a new stake in shares of RTX in the 3rd quarter valued at $29,000. Western Pacific Wealth Management LP purchased a new position in RTX in the third quarter valued at $41,000. Modus Advisors LLC purchased a new stake in RTX during the 4th quarter worth about $39,000. ORG Wealth Partners LLC acquired a new position in shares of RTX during the 3rd quarter worth about $50,000. Finally, Kimelman & Baird LLC purchased a new position in shares of RTX in the 2nd quarter valued at about $46,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Analyst Ratings Changes

RTX has been the subject of several research reports. UBS Group boosted their target price on RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft raised shares of RTX from a “hold” rating to a “buy” rating and lifted their target price for the company from $131.00 to $140.00 in a report on Thursday, January 2nd. Wells Fargo & Company raised their price objective 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. Barclays increased their target price on RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 29th. Finally, Royal Bank of Canada raised RTX from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $130.00 to $140.00 in a report on Thursday, December 19th. Five analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, RTX has a consensus rating of “Moderate Buy” and a consensus price target of $158.27.

RTX Stock Up 0.7 %

Shares of NYSE RTX opened at $121.30 on Tuesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.99 and a quick ratio of 0.73. The firm’s 50-day moving average is $118.03 and its two-hundred day moving average is $117.84. RTX Co. has a 12-month low of $84.43 and a 12-month high of $128.70. The company has a market capitalization of $161.45 billion, a PE ratio of 34.66, a price-to-earnings-growth ratio of 1.93 and a beta of 0.81.

RTX (NYSE:RTX) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.11. The company had revenue of $20.09 billion during the quarter, compared to analysts’ expectations of $19.84 billion. RTX had a return on equity of 11.96% and a net margin of 5.97%. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.25 earnings per share. Equities analysts anticipate that RTX Co. will post 5.56 EPS for the current fiscal year.

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.