Phillips Wealth Planners LLC Acquires 829 Shares of RTX Co. (NYSE:RTX)

Phillips Wealth Planners LLC increased its holdings in RTX Co. (NYSE:RTX) by 24.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,235 shares of the company’s stock after acquiring an additional 829 shares during the quarter. Phillips Wealth Planners LLC’s holdings in RTX were worth $487,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of RTX. Kelleher Financial Advisors boosted its holdings in shares of RTX by 8.3% during the 4th quarter. Kelleher Financial Advisors now owns 2,297 shares of the company’s stock valued at $266,000 after acquiring an additional 177 shares during the last quarter. Cetera Trust Company N.A boosted its holdings in shares of RTX by 0.8% during the 4th quarter. Cetera Trust Company N.A now owns 18,802 shares of the company’s stock valued at $2,176,000 after acquiring an additional 150 shares during the last quarter. Magnus Financial Group LLC boosted its holdings in shares of RTX by 8.5% during the 4th quarter. Magnus Financial Group LLC now owns 10,217 shares of the company’s stock valued at $1,182,000 after acquiring an additional 804 shares during the last quarter. Advisory Alpha LLC purchased a new stake in shares of RTX during the 4th quarter valued at about $466,000. Finally, Eads & Heald Wealth Management boosted its holdings in shares of RTX by 1.4% during the 4th quarter. Eads & Heald Wealth Management now owns 8,245 shares of the company’s stock valued at $954,000 after acquiring an additional 115 shares during the last quarter. 86.50% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on RTX shares. Citigroup raised shares of RTX from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $132.00 to $153.00 in a report on Tuesday. Barclays raised their price objective on shares of RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 29th. Wells Fargo & Company raised their price objective on shares of RTX from $140.00 to $151.00 and gave the stock an “overweight” rating in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft raised shares of RTX from a “hold” rating to a “buy” rating and raised their price objective for the stock from $131.00 to $140.00 in a report on Thursday, January 2nd. Finally, TD Cowen raised shares of RTX to a “strong-buy” rating in a report on Tuesday, October 8th. Five 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 MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $158.27.

RTX Stock Down 1.0 %

Shares of RTX opened at $124.49 on Thursday. The firm has a market capitalization of $165.69 billion, a P/E ratio of 35.57, a P/E/G ratio of 2.01 and a beta of 0.81. RTX Co. has a 12-month low of $87.96 and a 12-month high of $128.70. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.62. The firm has a fifty day moving average price of $118.10 and a 200-day moving average price of $118.06.

RTX (NYSE:RTX) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $19.84 billion. During the same period in the prior year, the firm earned $1.25 earnings per share. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. Equities research 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.