Jeppson Wealth Management LLC Sells 236 Shares of RTX Co. (NYSE:RTX)

Jeppson Wealth Management LLC reduced its stake in RTX Co. (NYSE:RTX) by 1.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 20,425 shares of the company’s stock after selling 236 shares during the quarter. RTX makes up approximately 0.9% of Jeppson Wealth Management LLC’s investment portfolio, making the stock its 24th biggest position. Jeppson Wealth Management LLC’s holdings in RTX were worth $2,364,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Dark Forest Capital Management LP purchased a new position in shares of RTX during the 2nd quarter valued at about $248,000. Ascent Group LLC purchased a new position in RTX during the second quarter valued at approximately $251,000. Creative Planning boosted its position in shares of RTX by 7.2% in the second quarter. Creative Planning now owns 484,665 shares of the company’s stock worth $48,656,000 after purchasing an additional 32,473 shares during the period. Magnolia Capital Advisors LLC purchased a new stake in shares of RTX in the second quarter worth $253,000. Finally, NewEdge Advisors LLC raised its position in shares of RTX by 0.3% during the 2nd quarter. NewEdge Advisors LLC now owns 126,267 shares of the company’s stock valued at $12,676,000 after purchasing an additional 375 shares during the period. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

RTX Stock Performance

NYSE:RTX opened at $124.72 on Tuesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 0.99. The stock’s fifty day moving average is $118.49 and its 200 day moving average is $118.70. The firm has a market capitalization of $166.00 billion, a PE ratio of 35.63, a PEG ratio of 1.99 and a beta of 0.81. RTX Co. has a fifty-two week low of $88.90 and a fifty-two week high of $128.70.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.19. RTX had a net margin of 5.97% and a return on equity of 11.96%. On average, sell-side analysts anticipate that RTX Co. will post 5.56 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on RTX. Citigroup upgraded 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 note on Tuesday, January 21st. UBS Group increased their target price on RTX from $126.00 to $133.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. TD Cowen raised RTX to a “strong-buy” rating in a report on Tuesday, October 8th. 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. Finally, Wells Fargo & Company upped their target price on shares of RTX from $140.00 to $151.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 8th. Five equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $158.27.

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.