3,736 Shares in RTX Co. (NYSE:RTX) Acquired by Sax Wealth Advisors LLC

Sax Wealth Advisors LLC bought a new position in shares of RTX Co. (NYSE:RTX - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 3,736 shares of the company's stock, valued at approximately $432,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. LRI Investments LLC boosted its holdings in shares of RTX by 6.5% during the third quarter. LRI Investments LLC now owns 77,543 shares of the company's stock worth $9,221,000 after acquiring an additional 4,732 shares during the period. Napa Wealth Management bought a new stake in RTX in the 3rd quarter valued at $1,307,000. Czech National Bank grew its holdings in RTX by 6.5% in the 4th quarter. Czech National Bank now owns 288,591 shares of the company's stock valued at $33,396,000 after buying an additional 17,608 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in RTX by 16.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 78,994 shares of the company's stock worth $9,510,000 after buying an additional 11,354 shares during the period. Finally, Empirical Asset Management LLC acquired a new stake in shares of RTX during the fourth quarter worth $8,387,000. Institutional investors and hedge funds own 86.50% of the company's stock.

RTX Price Performance

RTX stock traded up $0.84 during midday trading on Friday, reaching $121.30. 4,182,063 shares of the stock were exchanged, 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 stock has a market capitalization of $161.45 billion, a PE ratio of 34.66, a P/E/G ratio of 1.84 and a beta of 0.81. RTX Co. has a 52 week low of $84.43 and a 52 week high of $128.70. The company has a fifty day moving average price of $118.10 and a 200 day moving average price of $117.57.

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

Wall Street Analysts Forecast Growth

Several research firms recently commented on RTX. Citigroup upped their price target on shares of RTX from $122.00 to $132.00 and gave the company a "neutral" rating in a research note on Thursday, October 10th. Royal Bank of Canada raised shares of RTX from a "sector perform" rating to an "outperform" rating and raised their target price for the stock from $130.00 to $140.00 in a report on Thursday, December 19th. 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 research report on Wednesday, October 23rd. Wells Fargo & Company increased their price target on RTX from $140.00 to $151.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 8th. Finally, Barclays lifted their price objective on RTX from $108.00 to $130.00 and gave the company an "equal weight" rating in a report on Tuesday, October 29th. Six equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, RTX presently has a consensus rating of "Moderate Buy" and a consensus price target of $156.87.

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.