S.E.E.D. Planning Group LLC Has $2.59 Million Stock Holdings in RTX Co. (NYSE:RTX)

S.E.E.D. Planning Group LLC reduced its holdings in RTX Co. (NYSE:RTX) by 1.3% in the 4th quarter, HoldingsChannel reports. The fund owned 22,410 shares of the company’s stock after selling 296 shares during the period. S.E.E.D. Planning Group LLC’s holdings in RTX were worth $2,593,000 at the end of the most recent quarter.

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

RTX Price Performance

Shares of NYSE:RTX opened at $119.36 on Wednesday. RTX Co. has a twelve month low of $84.43 and a twelve month high of $128.70. The stock’s 50 day moving average is $118.18 and its 200-day moving average is $117.14. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $158.87 billion, a price-to-earnings ratio of 34.10, a PEG ratio of 2.08 and a beta of 0.81.

RTX (NYSE:RTX) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.11. The firm had revenue of $20.09 billion for 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%. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period last year, the firm earned $1.25 earnings per share. Sell-side analysts forecast that RTX Co. will post 5.56 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. TD Cowen upgraded shares of RTX to a “strong-buy” rating in a report on Tuesday, October 8th. UBS Group boosted their target price on shares of RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Morgan Stanley upped their price target on shares of RTX from $120.00 to $130.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 23rd. 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. Finally, Citigroup upped their target price on RTX from $122.00 to $132.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Six investment 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’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $156.87.

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.