RTX Co. (NYSE:RTX) Shares Purchased by KPP Advisory Services LLC

KPP Advisory Services LLC boosted its holdings in RTX Co. (NYSE:RTX) by 6.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,800 shares of the company’s stock after purchasing an additional 341 shares during the quarter. KPP Advisory Services LLC’s holdings in RTX were worth $671,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the business. Avestar Capital LLC increased its stake in RTX by 0.6% in the third quarter. Avestar Capital LLC now owns 14,461 shares of the company’s stock valued at $1,752,000 after purchasing an additional 85 shares during the last quarter. Arbor Wealth Advisors LLC increased its stake in RTX by 3.7% in the fourth quarter. Arbor Wealth Advisors LLC now owns 2,382 shares of the company’s stock valued at $276,000 after purchasing an additional 85 shares during the last quarter. Mowery & Schoenfeld Wealth Management LLC increased its stake in RTX by 20.1% in the third 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 last quarter. Blackston Financial Advisory Group LLC increased its stake in RTX by 3.7% during the third quarter. Blackston Financial Advisory Group LLC now owns 2,403 shares of the company’s stock worth $291,000 after acquiring an additional 86 shares during the last quarter. Finally, Traveka Wealth LLC increased its stake in RTX by 3.2% during the fourth quarter. Traveka Wealth LLC now owns 2,789 shares of the company’s stock worth $323,000 after acquiring an additional 86 shares during the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

RTX has been the subject of several research analyst reports. Royal Bank of Canada upped their price target on RTX from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 29th. Citigroup upgraded RTX from a “neutral” rating to a “buy” rating and upped their price target for the stock from $132.00 to $153.00 in a research note on Tuesday, January 21st. TD Cowen upgraded RTX to a “strong-buy” rating in a research note on Tuesday, October 8th. StockNews.com lowered RTX from a “buy” rating to a “hold” rating in a research note on Wednesday, January 29th. Finally, Bank of America upped their target price on RTX from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday. Six research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $163.07.

RTX Price Performance

Shares of NYSE RTX opened at $129.08 on Monday. RTX Co. has a fifty-two week low of $88.90 and a fifty-two week high of $132.43. The business has a 50 day moving average price of $119.14 and a two-hundred day moving average price of $119.40. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. The firm has a market cap of $171.81 billion, a PE ratio of 36.36, a price-to-earnings-growth ratio of 2.17 and a beta of 0.82.

RTX (NYSE:RTX) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.19. RTX had a return on equity of 12.45% and a net margin of 5.91%. Sell-side analysts expect that RTX Co. will post 6.12 earnings per share for the current fiscal 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.