4,308 Shares in RTX Co. (NYSE:RTX) Bought by Wealth Management Partners LLC

Wealth Management Partners LLC bought a new position in RTX Co. (NYSE:RTX - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 4,308 shares of the company's stock, valued at approximately $499,000.

Several other hedge funds and other institutional investors have also bought and sold shares of RTX. Federated Hermes Inc. lifted its holdings in RTX by 36.1% in the second quarter. Federated Hermes Inc. now owns 9,613 shares of the company's stock valued at $965,000 after acquiring an additional 2,552 shares during the period. Edgestream Partners L.P. increased its position in shares of RTX by 140.5% during the 2nd quarter. Edgestream Partners L.P. now owns 8,022 shares of the company's stock valued at $805,000 after purchasing an additional 4,686 shares during the last quarter. Intech Investment Management LLC lifted its stake in shares of RTX by 49.4% in the 2nd quarter. Intech Investment Management LLC now owns 38,052 shares of the company's stock worth $3,820,000 after purchasing an additional 12,583 shares during the period. AE Wealth Management LLC boosted its holdings in shares of RTX by 31.4% in the second quarter. AE Wealth Management LLC now owns 79,272 shares of the company's stock worth $7,958,000 after buying an additional 18,938 shares during the last quarter. Finally, Pacer Advisors Inc. increased its holdings in RTX by 4.6% during the second quarter. Pacer Advisors Inc. now owns 95,289 shares of the company's stock valued at $9,566,000 after buying an additional 4,148 shares during the last quarter. Institutional investors own 86.50% of the company's stock.

RTX Price Performance

RTX stock traded up $0.84 during midday trading on Monday, reaching $121.30. 4,182,063 shares of the stock traded hands, compared to its average volume of 3,467,505. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 0.62. RTX Co. has a 12 month low of $84.43 and a 12 month high of $128.70. The stock's fifty day moving average is $118.10 and its 200-day moving average is $117.69. The stock has a market cap of $161.45 billion, a P/E ratio of 34.66, a PEG ratio of 1.84 and a beta of 0.81.

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, beating analysts' consensus estimates of $1.34 by $0.11. The firm had revenue of $20.09 billion during 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 for the quarter was up 6.0% compared to the same quarter last year. During the same period last year, the firm posted $1.25 earnings per share. As a group, equities research analysts anticipate that RTX Co. will post 5.55 EPS for the current year.

Wall Street Analyst Weigh In

RTX has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft upgraded shares of RTX from a "hold" rating to a "buy" rating and lifted their price target for the stock from $131.00 to $140.00 in a research note on Thursday, January 2nd. Royal Bank of Canada upgraded RTX from a "sector perform" rating to an "outperform" rating and lifted their target price for the company from $130.00 to $140.00 in a research report on Thursday, December 19th. Susquehanna reduced their price target on RTX from $150.00 to $139.00 and set a "positive" rating for the company in a research report on Wednesday, January 8th. Barclays raised their target price on shares of RTX from $108.00 to $130.00 and gave the stock an "equal weight" rating in a research note on Tuesday, October 29th. Finally, TD Cowen raised shares of RTX to a "strong-buy" rating in a report on Tuesday, October 8th. Six 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 stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus 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.