RTX Co. (NYSE:RTX) Stock Holdings Increased by Ellsworth Advisors LLC

Ellsworth Advisors LLC grew its stake in shares of RTX Co. (NYSE:RTX) by 2.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 17,564 shares of the company’s stock after acquiring an additional 451 shares during the period. Ellsworth Advisors LLC’s holdings in RTX were worth $2,033,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. MidAtlantic Capital Management Inc. purchased a new position in shares of RTX in the third quarter worth approximately $29,000. Western Pacific Wealth Management LP acquired a new position in RTX in the 3rd quarter worth approximately $41,000. Modus Advisors LLC purchased a new position in RTX during the 4th quarter worth approximately $39,000. ORG Wealth Partners LLC acquired a new stake in RTX during the 3rd quarter valued at $50,000. Finally, Kimelman & Baird LLC purchased a new stake in shares of RTX in the second quarter valued at $46,000. 86.50% of the stock is owned by institutional investors.

RTX Price Performance

Shares of RTX stock opened at $121.30 on Monday. The firm’s 50-day moving average price is $118.10 and its two-hundred day moving average price is $117.69. RTX Co. has a 1-year low of $84.43 and a 1-year high of $128.70. The stock has a market capitalization of $161.45 billion, a price-to-earnings ratio of 34.66, a P/E/G 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 released its quarterly earnings results on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, beating the consensus estimate of $1.34 by $0.11. The business had revenue of $20.09 billion for the quarter, compared to analysts’ expectations of $19.84 billion. RTX had a net margin of 5.97% and a return on equity of 11.96%. RTX’s revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.25 earnings per share. On average, equities analysts predict that RTX Co. will post 5.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on RTX. Deutsche Bank Aktiengesellschaft upgraded shares of RTX from a “hold” rating to a “buy” rating and upped their price objective for the company from $131.00 to $140.00 in a research note on Thursday, January 2nd. Morgan Stanley increased their price objective on RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 23rd. UBS Group boosted their target price on RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Royal Bank of Canada raised RTX from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from $130.00 to $140.00 in a research note on Thursday, December 19th. Finally, Susquehanna lowered their price target on RTX from $150.00 to $139.00 and set a “positive” rating for the company in a research note on Wednesday, January 8th. Six investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $156.87.

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.