Winch Advisory Services LLC Has $1.40 Million Holdings in RTX Co. (NYSE:RTX)

Winch Advisory Services LLC raised its stake in shares of RTX Co. (NYSE:RTX) by 3.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 12,110 shares of the company’s stock after acquiring an additional 440 shares during the quarter. Winch Advisory Services LLC’s holdings in RTX were worth $1,401,000 as of its most recent filing with the SEC.

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

Wall Street Analyst Weigh In

A number of analysts recently weighed in on RTX shares. Susquehanna lowered their target price on shares of RTX from $150.00 to $139.00 and set a “positive” rating on the stock in a research note on Wednesday, January 8th. Citigroup boosted their price target on RTX from $122.00 to $132.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. UBS Group lifted 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. Royal Bank of Canada raised shares of RTX from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from $130.00 to $140.00 in a report on Thursday, December 19th. Finally, Barclays lifted their price target on shares of RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a report on Tuesday, October 29th. 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 stock. According to MarketBeat, RTX currently has an average rating of “Moderate Buy” and an average target price of $156.87.

RTX Stock Down 0.3 %

NYSE RTX opened at $119.07 on Thursday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 0.99. RTX Co. has a 52 week low of $84.43 and a 52 week high of $128.70. The stock has a market capitalization of $158.48 billion, a P/E ratio of 34.02, a price-to-earnings-growth ratio of 1.84 and a beta of 0.81. The stock has a fifty day moving average of $118.14 and a 200-day moving average of $117.28.

RTX (NYSE:RTX) last issued its 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. RTX had a net margin of 5.97% and a return on equity of 11.96%. The company had revenue of $20.09 billion during the quarter, compared to analysts’ expectations of $19.84 billion. During the same quarter in the previous year, the company posted $1.25 EPS. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, equities research analysts forecast that RTX Co. will post 5.55 EPS for the current 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.