RTX Co. (NYSE:RTX) Shares Purchased by Phillips Wealth Planners LLC

Phillips Wealth Planners LLC grew its stake in shares of RTX Co. (NYSE:RTX) by 24.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 4,235 shares of the company’s stock after purchasing an additional 829 shares during the quarter. Phillips Wealth Planners LLC’s holdings in RTX were worth $487,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of RTX. MidAtlantic Capital Management Inc. acquired a new position in shares of RTX during the third quarter valued at about $29,000. Modus Advisors LLC acquired a new position in RTX in the 4th quarter worth approximately $39,000. Western Pacific Wealth Management LP acquired a new position in RTX in the 3rd quarter worth approximately $41,000. Kimelman & Baird LLC acquired a new position in RTX in the 2nd quarter worth approximately $46,000. Finally, ORG Wealth Partners LLC acquired a new position in RTX in the 3rd quarter worth approximately $50,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Stock Down 1.0 %

Shares of RTX opened at $124.49 on Thursday. RTX Co. has a 52-week low of $87.96 and a 52-week high of $128.70. The company has a market capitalization of $165.69 billion, a PE ratio of 35.57, a price-to-earnings-growth ratio of 2.01 and a beta of 0.81. The stock has a fifty day simple moving average of $118.10 and a two-hundred day simple moving average of $118.06. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 0.62.

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 the consensus estimate of $19.84 billion. RTX had a return on equity of 11.96% and a net margin of 5.97%. The company’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period last year, the company earned $1.25 EPS. As a group, equities analysts forecast that RTX Co. will post 5.56 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Susquehanna cut their price target on shares of RTX from $150.00 to $139.00 and set a “positive” rating on the stock in a report on Wednesday, January 8th. Citigroup upgraded shares of RTX from a “neutral” rating to a “buy” rating and increased their price target for the stock from $132.00 to $153.00 in a report on Tuesday. Wells Fargo & Company upped their price objective on RTX from $140.00 to $151.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 8th. TD Cowen upgraded RTX to a “strong-buy” rating in a research report on Tuesday, October 8th. Finally, Royal Bank of Canada upgraded RTX from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $130.00 to $140.00 in a research report on Thursday, December 19th. Five equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, RTX currently has a consensus rating of “Moderate Buy” and an average target price of $158.27.

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.