Financial & Tax Architects LLC Makes New $5.77 Million Investment in RTX Co. (NYSE:RTX)

Financial & Tax Architects LLC bought a new position in RTX Co. (NYSE:RTX - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 49,882 shares of the company's stock, valued at approximately $5,772,000.

Several other large investors also recently made changes to their positions in the company. Geode Capital Management LLC raised its position in shares of RTX by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 27,263,780 shares of the company's stock worth $3,290,622,000 after buying an additional 508,344 shares in the last quarter. Fisher Asset Management LLC boosted its position in shares of RTX by 4.8% during the 3rd quarter. Fisher Asset Management LLC now owns 18,471,471 shares of the company's stock valued at $2,238,004,000 after purchasing an additional 852,183 shares in the last quarter. Legal & General Group Plc grew its stake in shares of RTX by 4.4% in the 2nd quarter. Legal & General Group Plc now owns 8,577,770 shares of the company's stock worth $861,122,000 after purchasing an additional 362,340 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in RTX by 5.2% during the second quarter. Ameriprise Financial Inc. now owns 8,284,944 shares of the company's stock worth $831,740,000 after buying an additional 408,551 shares in the last quarter. Finally, FMR LLC increased its holdings in shares of RTX by 8.7% in the third quarter. FMR LLC now owns 6,102,848 shares of the company's stock valued at $739,421,000 after buying an additional 490,109 shares in the last quarter. Institutional investors and hedge funds own 86.50% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on RTX shares. TD Cowen raised RTX to a "strong-buy" rating in a research note on Tuesday, October 8th. UBS Group raised their target price on shares of RTX from $126.00 to $133.00 and gave the stock a "neutral" rating in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft upgraded shares of RTX from a "hold" rating to a "buy" rating and boosted their price target for the company from $131.00 to $140.00 in a report on Thursday, January 2nd. Wells Fargo & Company lifted their price objective on shares of RTX from $140.00 to $151.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 8th. Finally, Susquehanna lowered their price target on RTX from $150.00 to $139.00 and set a "positive" rating on the stock in a report on Wednesday, January 8th. Six research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $156.87.

RTX Price Performance

NYSE:RTX traded up $0.84 during mid-day trading on Friday, hitting $121.30. The company's stock had a trading volume of 4,182,063 shares, compared to its average volume of 3,467,505. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.62. The stock has a fifty day moving average of $118.10 and a 200-day moving average of $117.57. The company has a market capitalization of $161.45 billion, a price-to-earnings ratio of 34.66, a P/E/G ratio of 1.84 and a beta of 0.81. RTX Co. has a fifty-two week low of $84.43 and a fifty-two week high of $128.70.

RTX (NYSE:RTX - Get Free Report) last posted its earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.11. The business had revenue of $20.09 billion for the quarter, compared to analyst estimates of $19.84 billion. RTX had a net margin of 5.97% and a return on equity of 11.96%. The firm's quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.25 EPS. As a group, equities analysts forecast that RTX Co. will post 5.55 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.