RTX Co. (NYSE:RTX) Shares Acquired by Heritage Family Offices LLP

Heritage Family Offices LLP lifted its holdings in RTX Co. (NYSE:RTX) by 0.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,115 shares of the company’s stock after acquiring an additional 101 shares during the quarter. Heritage Family Offices LLP’s holdings in RTX were worth $1,402,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in RTX. MidAtlantic Capital Management Inc. acquired a new stake in RTX during the 3rd quarter worth about $29,000. Modus Advisors LLC purchased a new stake in shares of RTX in the fourth quarter worth about $39,000. Western Pacific Wealth Management LP acquired a new stake in RTX during the third quarter worth about $41,000. Kimelman & Baird LLC purchased a new position in RTX during the second quarter valued at approximately $46,000. Finally, ORG Wealth Partners LLC acquired a new position in RTX in the third quarter valued at approximately $50,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on RTX. Royal Bank of Canada raised shares of RTX from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from $130.00 to $140.00 in a research note on Thursday, December 19th. TD Cowen upgraded shares of RTX to a “strong-buy” rating in a research report on Tuesday, October 8th. Wells Fargo & Company upped their price objective 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. UBS Group raised their target price on RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Finally, Barclays upped their price target on RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 29th. Six research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, RTX has a consensus rating of “Moderate Buy” and a consensus target price of $156.87.

RTX Stock Down 0.3 %

NYSE RTX opened at $119.07 on Thursday. RTX Co. has a one year low of $84.43 and a one year high of $128.70. 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 business has a fifty day moving average price of $118.14 and a 200 day moving average price of $117.28. The company has a market cap of $158.48 billion, a P/E ratio of 34.02, a P/E/G ratio of 1.84 and a beta of 0.81.

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 the consensus estimate of $1.34 by $0.11. RTX had a net margin of 5.97% and a return on equity of 11.96%. The firm had revenue of $20.09 billion for the quarter, compared to the consensus estimate of $19.84 billion. During the same period last year, the firm posted $1.25 earnings per share. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. Research analysts anticipate 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.