MassMutual Private Wealth & Trust FSB Purchases 5,718 Shares of RTX Co. (NYSE:RTX)

MassMutual Private Wealth & Trust FSB raised its stake in RTX Co. (NYSE:RTX - Free Report) by 2.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 246,437 shares of the company's stock after purchasing an additional 5,718 shares during the period. MassMutual Private Wealth & Trust FSB's holdings in RTX were worth $28,518,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Elgethun Capital Management increased its stake in RTX by 3.8% in the 2nd quarter. Elgethun Capital Management now owns 2,326 shares of the company's stock worth $233,000 after buying an additional 85 shares in the last quarter. Avestar Capital LLC boosted its stake in shares of RTX by 0.6% in the third quarter. Avestar Capital LLC now owns 14,461 shares of the company's stock worth $1,752,000 after acquiring an additional 85 shares during the period. Arbor Wealth Advisors LLC grew its position in shares of RTX by 3.7% during the fourth quarter. Arbor Wealth Advisors LLC now owns 2,382 shares of the company's stock worth $276,000 after purchasing an additional 85 shares in the last quarter. Mowery & Schoenfeld Wealth Management LLC raised its stake in RTX by 20.1% during 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 period. Finally, Blackston Financial Advisory Group LLC lifted its holdings in RTX by 3.7% in the 3rd quarter. Blackston Financial Advisory Group LLC now owns 2,403 shares of the company's stock worth $291,000 after purchasing an additional 86 shares in the last quarter. 86.50% of the stock is owned by institutional investors.

RTX Stock Up 0.7 %

Shares of RTX stock traded up $0.84 during mid-day trading on Monday, hitting $121.30. The stock had a trading volume of 4,182,063 shares, compared to its average volume of 3,467,505. 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 $118.10 and its two-hundred day moving average is $117.69. The firm has a market capitalization of $161.45 billion, a P/E ratio of 34.66, a price-to-earnings-growth ratio of 1.84 and a beta of 0.81. RTX Co. has a 12-month low of $84.43 and a 12-month high of $128.70.

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

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on RTX. Barclays lifted their price objective on shares of RTX from $108.00 to $130.00 and gave the company an "equal weight" rating in a research report on Tuesday, October 29th. Morgan Stanley lifted their price target on shares of RTX from $120.00 to $130.00 and gave the company an "equal weight" rating in a report on Wednesday, October 23rd. Royal Bank of Canada raised shares of RTX from a "sector perform" rating to an "outperform" rating and increased their price objective for the company from $130.00 to $140.00 in a report on Thursday, December 19th. Wells Fargo & Company lifted their target price on RTX from $140.00 to $151.00 and gave the stock an "overweight" rating in a report on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft raised RTX from a "hold" rating to a "buy" rating and increased their price target for the company from $131.00 to $140.00 in a research note on Thursday, January 2nd. 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 stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $156.87.

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.