RTX Co. (NYSE:RTX) Stock Position Lifted by Diversify Wealth Management LLC

Diversify Wealth Management LLC lifted its stake in shares of RTX Co. (NYSE:RTX) by 9.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 37,316 shares of the company’s stock after purchasing an additional 3,123 shares during the quarter. Diversify Wealth Management LLC’s holdings in RTX were worth $4,295,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. MidAtlantic Capital Management Inc. acquired a new position in shares of RTX during the third quarter valued at approximately $29,000. Modus Advisors LLC acquired a new position in shares of RTX during the 4th quarter valued at $39,000. Western Pacific Wealth Management LP bought a new stake in shares of RTX in the 3rd quarter worth $41,000. Kimelman & Baird LLC acquired a new stake in shares of RTX in the second quarter valued at $46,000. Finally, ORG Wealth Partners LLC bought a new position in RTX during the third quarter valued at about $50,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of RTX from a “hold” rating to a “buy” rating and boosted their price target for the stock from $131.00 to $140.00 in a research report on Thursday, January 2nd. Citigroup boosted their target price on shares of RTX from $122.00 to $132.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. TD Cowen upgraded shares of RTX to a “strong-buy” rating in a report on Tuesday, October 8th. Royal Bank of Canada upgraded RTX from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $130.00 to $140.00 in a research report on Thursday, December 19th. Finally, Susquehanna decreased their target price on RTX from $150.00 to $139.00 and set a “positive” rating on the stock in a report on Wednesday, January 8th. Six investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $156.87.

RTX Price Performance

Shares of RTX opened at $121.30 on Monday. 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 firm has a market cap of $161.45 billion, a PE ratio of 34.66, a PEG ratio of 1.84 and a beta of 0.81. RTX Co. has a twelve month low of $84.43 and a twelve month high of $128.70. The firm’s 50 day moving average price is $118.10 and its 200 day moving average price is $117.69.

RTX (NYSE:RTX) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.11. The firm had revenue of $20.09 billion during 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 for the quarter was up 6.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.25 earnings per share. As a group, research analysts expect that RTX Co. will post 5.55 EPS 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.