Atwood & Palmer Inc. Raises Stock Holdings in RTX Co. (NYSE:RTX)

by · The Markets Daily

Atwood & Palmer Inc. raised its position in shares of RTX Co. (NYSE:RTX – Free Report) by 0.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 13,474 shares of the company’s stock after purchasing an additional 125 shares during the period. Atwood & Palmer Inc.’s holdings in RTX were worth $1,559,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. Pure Financial Advisors LLC increased its holdings in shares of RTX by 0.7% during the fourth quarter. Pure Financial Advisors LLC now owns 16,852 shares of the company’s stock valued at $1,950,000 after acquiring an additional 114 shares in the last quarter. Tudor Financial Inc. lifted its position in RTX by 1.6% in the 4th quarter. Tudor Financial Inc. now owns 6,684 shares of the company’s stock valued at $773,000 after acquiring an additional 106 shares in the last quarter. Leonard Rickey Investment Advisors P.L.L.C. boosted its stake in RTX by 10.7% during the 4th quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 1,853 shares of the company’s stock valued at $214,000 after purchasing an additional 179 shares during the last quarter. LaFleur & Godfrey LLC increased its holdings in shares of RTX by 0.5% in the 4th quarter. LaFleur & Godfrey LLC now owns 178,191 shares of the company’s stock worth $20,620,000 after purchasing an additional 900 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its stake in shares of RTX by 2.4% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 246,437 shares of the company’s stock worth $28,518,000 after purchasing an additional 5,718 shares during the last quarter. Institutional investors own 86.50% of the company’s stock.

Wall Street Analyst Weigh In

RTX has been the topic of several research analyst reports. Barclays upped their target price on shares of RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 29th. Morgan Stanley increased their target price on RTX from $120.00 to $130.00 and gave the company an “equal weight” rating in a report on Wednesday, October 23rd. Wells Fargo & Company upped their price target on shares of RTX from $140.00 to $151.00 and gave the company an “overweight” rating in a research report on Wednesday, January 8th. UBS Group raised their price objective on shares of RTX from $126.00 to $133.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Finally, Susquehanna cut their price objective on shares of RTX from $150.00 to $139.00 and set a “positive” rating for the company in a research report on Wednesday, January 8th. Six 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $156.87.

Check Out Our Latest Stock Report on RTX

RTX Stock Performance

RTX opened at $121.30 on Tuesday. The stock has a market capitalization of $161.45 billion, a price-to-earnings ratio of 34.66, a PEG ratio of 1.93 and a beta of 0.81. RTX Co. has a fifty-two week low of $84.43 and a fifty-two week 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 company has a fifty day moving average of $118.03 and a 200 day moving average of $117.84.

RTX (NYSE:RTX – Get Free Report) last issued its earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.11. RTX had a return on equity of 11.96% and a net margin of 5.97%. The firm had revenue of $20.09 billion for the quarter, compared to analysts’ expectations of $19.84 billion. During the same period in the previous year, the firm posted $1.25 earnings per share. The business’s revenue was up 6.0% compared to the same quarter last year. As a group, sell-side analysts forecast that RTX Co. will post 5.56 earnings per share for the current fiscal year.

About RTX

(Free Report)

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.

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