Monarch Capital Management Inc. Boosts Position in RTX Co. (NYSE:RTX)

Monarch Capital Management Inc. raised its stake in RTX Co. (NYSE:RTX) by 1.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,869 shares of the company’s stock after purchasing an additional 165 shares during the period. Monarch Capital Management Inc.’s holdings in RTX were worth $1,952,000 as of its most recent SEC filing.

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

RTX Trading Up 0.7 %

Shares of RTX stock opened at $121.30 on Friday. The company has a 50-day moving average of $118.10 and a two-hundred day moving average of $117.57. The stock has a market cap of $161.45 billion, a PE ratio of 34.66, a price-to-earnings-growth ratio of 1.84 and a beta of 0.81. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.62. RTX Co. has a 12-month low of $84.43 and a 12-month high of $128.70.

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 the consensus estimate of $1.34 by $0.11. The firm had revenue of $20.09 billion during the quarter, compared to analysts’ expectations of $19.84 billion. RTX had a return on equity of 11.96% and a net margin of 5.97%. RTX’s revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.25 earnings per share. On average, research analysts anticipate that RTX Co. will post 5.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on RTX shares. Citigroup boosted their price objective on RTX from $122.00 to $132.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Susquehanna decreased their price target on shares of RTX from $150.00 to $139.00 and set a “positive” rating for the company in a research note on Wednesday, January 8th. UBS Group lifted their price objective on shares of RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Wells Fargo & Company increased their target price on shares of RTX from $140.00 to $151.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft upgraded RTX from a “hold” rating to a “buy” rating and boosted their price target for the company from $131.00 to $140.00 in a research report on Thursday, January 2nd. Six analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, RTX currently has a consensus rating of “Moderate Buy” and a consensus price target 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.