Keudell Morrison Wealth Management Decreases Stock Holdings in RTX Co. (NYSE:RTX)

Keudell Morrison Wealth Management lessened its stake in shares of RTX Co. (NYSE:RTX) by 0.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,962 shares of the company’s stock after selling 108 shares during the quarter. Keudell Morrison Wealth Management’s holdings in RTX were worth $1,847,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Evernest Financial Advisors LLC grew its position in RTX by 2.8% in the 4th quarter. Evernest Financial Advisors LLC now owns 6,564 shares of the company’s stock worth $760,000 after purchasing an additional 177 shares during the period. Boomfish Wealth Group LLC boosted its stake in shares of RTX by 1.6% in the 4th quarter. Boomfish Wealth Group LLC now owns 14,341 shares of the company’s stock worth $1,660,000 after buying an additional 228 shares during the last quarter. Clarity Financial LLC grew its holdings in shares of RTX by 0.6% in the fourth quarter. Clarity Financial LLC now owns 91,084 shares of the company’s stock worth $10,540,000 after acquiring an additional 583 shares during the period. Mediolanum International Funds Ltd increased its position in RTX by 108.5% during the fourth quarter. Mediolanum International Funds Ltd now owns 61,290 shares of the company’s stock valued at $7,044,000 after acquiring an additional 31,890 shares during the last quarter. Finally, Crews Bank & Trust bought a new position in RTX in the fourth quarter valued at about $341,000. 86.50% of the stock is currently owned by institutional investors.

RTX Stock Performance

RTX stock opened at $129.14 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.73. The company has a market capitalization of $171.89 billion, a P/E ratio of 36.38, a PEG ratio of 1.99 and a beta of 0.81. The business has a 50-day moving average price of $118.97 and a 200 day moving average price of $119.00. RTX Co. has a 1-year low of $88.90 and a 1-year high of $132.43.

RTX (NYSE:RTX) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.19. RTX had a net margin of 5.91% and a return on equity of 12.45%. As a group, equities research analysts forecast that RTX Co. will post 6.1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

RTX has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their price target on RTX from $140.00 to $150.00 and gave the company an “overweight” rating in a research note on Wednesday. Vertical Research upgraded shares of RTX to a “strong-buy” rating in a research report on Tuesday. Citigroup upgraded shares of RTX from a “neutral” rating to a “buy” rating and increased their price target for the stock from $132.00 to $153.00 in a research report on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft raised shares of RTX from a “hold” rating to a “buy” rating and boosted their price objective for the company from $131.00 to $140.00 in a research report on Thursday, January 2nd. Finally, Morgan Stanley raised their target price on RTX from $130.00 to $135.00 and gave the stock an “equal weight” rating in a report on Wednesday. Six equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $163.07.

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.