3,439 Shares in RTX Co. (NYSE:RTX) Bought by Flywheel Private Wealth LLC

Flywheel Private Wealth LLC bought a new stake in RTX Co. (NYSE:RTX - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 3,439 shares of the company's stock, valued at approximately $398,000.

A number of other institutional investors and hedge funds also recently modified their holdings of RTX. Geode Capital Management LLC raised its holdings in RTX by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 27,263,780 shares of the company's stock valued at $3,290,622,000 after acquiring an additional 508,344 shares during the period. Fisher Asset Management LLC raised its holdings in RTX by 4.8% in 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 acquiring an additional 852,183 shares during the period. Legal & General Group Plc raised its holdings in RTX by 4.4% in the 2nd quarter. Legal & General Group Plc now owns 8,577,770 shares of the company's stock valued at $861,122,000 after acquiring an additional 362,340 shares during the period. Ameriprise Financial Inc. raised its holdings in RTX by 5.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 8,284,944 shares of the company's stock valued at $831,740,000 after acquiring an additional 408,551 shares during the period. Finally, FMR LLC increased its holdings in shares of RTX by 8.7% during the third quarter. FMR LLC now owns 6,102,848 shares of the company's stock worth $739,421,000 after purchasing an additional 490,109 shares during the period. 86.50% of the stock is owned by institutional investors.

Analysts Set New Price Targets

RTX has been the topic of several recent research reports. Citigroup raised their target price on shares of RTX from $122.00 to $132.00 and gave the stock a "neutral" rating in a report on Thursday, October 10th. Wells Fargo & Company raised their target price on shares of RTX from $140.00 to $151.00 and gave the stock an "overweight" rating in a report on Wednesday, January 8th. Susquehanna lowered their target price on shares of RTX from $150.00 to $139.00 and set a "positive" rating on the stock in a report on Wednesday, January 8th. Morgan Stanley raised their target price on shares of RTX from $120.00 to $130.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of RTX from a "hold" rating to a "buy" rating and increased their price target for the stock from $131.00 to $140.00 in a research report on Thursday, January 2nd. Six equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, RTX currently has a consensus rating of "Moderate Buy" and a consensus price target of $156.87.

RTX Price Performance

RTX stock traded up $1.29 during mid-day trading on Thursday, reaching $120.38. The company had a trading volume of 3,896,678 shares, compared to its average volume of 3,950,874. RTX Co. has a fifty-two week low of $84.43 and a fifty-two week high of $128.70. 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 company has a market cap of $160.22 billion, a P/E ratio of 34.39, a P/E/G ratio of 1.84 and a beta of 0.81. The business has a fifty day simple moving average of $118.14 and a 200 day simple moving average of $117.28.

RTX (NYSE:RTX - Get Free Report) last issued its quarterly earnings results on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, topping analysts' consensus estimates of $1.34 by $0.11. The company 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%. RTX's revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.25 earnings per share. On average, equities research analysts predict that RTX Co. will post 5.55 earnings per share for the current year.

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.