Purus Wealth Management LLC Acquires 266 Shares of RTX Co. (NYSE:RTX)

Purus Wealth Management LLC lifted its holdings in shares of RTX Co. (NYSE:RTX) by 1.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,675 shares of the company’s stock after purchasing an additional 266 shares during the quarter. Purus Wealth Management LLC’s holdings in RTX were worth $1,698,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. MidAtlantic Capital Management Inc. bought a new position in RTX in the 3rd quarter valued at about $29,000. Western Pacific Wealth Management LP acquired a new stake in shares of RTX during the 3rd quarter worth approximately $41,000. Modus Advisors LLC acquired a new position in RTX during the fourth quarter valued at approximately $39,000. ORG Wealth Partners LLC bought a new position in shares of RTX in the 3rd quarter valued at $50,000. Finally, Kimelman & Baird LLC bought a new stake in shares of RTX during the 2nd quarter worth $46,000. 86.50% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on RTX. Susquehanna decreased their price target on shares of RTX from $150.00 to $139.00 and set a “positive” rating on the stock in a report on Wednesday, January 8th. Citigroup upped their price target on shares of RTX from $122.00 to $132.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. UBS Group raised their price objective on RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft raised RTX from a “hold” rating to a “buy” rating and upped their target price for the stock from $131.00 to $140.00 in a report on Thursday, January 2nd. Finally, Royal Bank of Canada raised RTX from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $130.00 to $140.00 in a research note on Thursday, December 19th. Six equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $156.87.

RTX Trading Up 0.7 %

RTX opened at $121.30 on Monday. The company has a fifty day moving average price of $118.10 and a two-hundred day moving average price of $117.69. RTX Co. has a 1-year low of $84.43 and a 1-year high of $128.70. The company has a market cap of $161.45 billion, a P/E ratio of 34.66, a price-to-earnings-growth ratio of 1.84 and a beta of 0.81. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.62.

RTX (NYSE:RTX) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.11. RTX had a return on equity of 11.96% and a net margin of 5.97%. The business had revenue of $20.09 billion for the quarter, compared to the consensus estimate of $19.84 billion. During the same period in the prior year, the business earned $1.25 EPS. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. Analysts predict that RTX Co. will post 5.55 EPS for the current fiscal year.

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.