Eclectic Associates Inc. ADV Buys 173 Shares of RTX Co. (NYSE:RTX)

Eclectic Associates Inc. ADV lifted its stake in shares of RTX Co. (NYSE:RTX) by 2.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,039 shares of the company’s stock after buying an additional 173 shares during the period. Eclectic Associates Inc. ADV’s holdings in RTX were worth $699,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Avestar Capital LLC boosted its stake in shares of RTX by 0.6% during the third quarter. Avestar Capital LLC now owns 14,461 shares of the company’s stock valued at $1,752,000 after purchasing an additional 85 shares in the last quarter. Arbor Wealth Advisors LLC lifted its holdings in RTX by 3.7% during the fourth quarter. Arbor Wealth Advisors LLC now owns 2,382 shares of the company’s stock worth $276,000 after buying an additional 85 shares during the period. Mowery & Schoenfeld Wealth Management LLC boosted its position in RTX by 20.1% during the 3rd quarter. Mowery & Schoenfeld Wealth Management LLC now owns 514 shares of the company’s stock valued at $62,000 after acquiring an additional 86 shares in the last quarter. Blackston Financial Advisory Group LLC increased its holdings in shares of RTX by 3.7% in the 3rd quarter. Blackston Financial Advisory Group LLC now owns 2,403 shares of the company’s stock valued at $291,000 after acquiring an additional 86 shares during the period. Finally, Traveka Wealth LLC raised its position in shares of RTX by 3.2% in the 4th quarter. Traveka Wealth LLC now owns 2,789 shares of the company’s stock worth $323,000 after acquiring an additional 86 shares in the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. UBS Group lifted 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. Barclays lifted their price objective on shares of RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 29th. Citigroup raised shares of RTX from a “neutral” rating to a “buy” rating and increased their target price for the company from $132.00 to $153.00 in a research report on Tuesday. Royal Bank of Canada raised shares of RTX from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from $130.00 to $140.00 in a report on Thursday, December 19th. Finally, Susquehanna lowered their price objective on RTX from $150.00 to $139.00 and set a “positive” rating for the company in a research report on Wednesday, January 8th. Five research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, RTX has a consensus rating of “Moderate Buy” and a consensus price target of $158.27.

RTX Stock Down 0.8 %

Shares of RTX stock opened at $125.23 on Friday. RTX Co. has a fifty-two week low of $88.90 and a fifty-two week high of $128.70. The firm has a market capitalization of $166.69 billion, a PE ratio of 35.78, a P/E/G ratio of 1.99 and a beta of 0.81. 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 stock’s 50-day simple moving average is $118.38 and its 200-day simple moving average is $118.29.

RTX (NYSE:RTX) last posted its quarterly earnings results 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 company had revenue of $20.09 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the firm posted $1.25 EPS. Equities analysts expect that RTX Co. will post 5.56 earnings per share for the current 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.