Strategic Planning Group LLC Increases Holdings in RTX Co. (NYSE:RTX)

Strategic Planning Group LLC boosted its position in RTX Co. (NYSE:RTX) by 4.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,310 shares of the company’s stock after purchasing an additional 1,351 shares during the period. Strategic Planning Group LLC’s holdings in RTX were worth $4,086,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ascent Group LLC purchased a new stake in RTX in the 2nd quarter valued at approximately $251,000. KPP Advisory Services LLC raised its holdings in shares of RTX by 7.2% in the second quarter. KPP Advisory Services LLC now owns 5,203 shares of the company’s stock worth $522,000 after acquiring an additional 351 shares during the last quarter. Strategic Investment Solutions Inc. IL acquired a new stake in shares of RTX during the second quarter valued at $132,000. Brown Financial Advisors purchased a new stake in RTX during the 2nd quarter worth about $715,000. Finally, Sanctuary Advisors LLC acquired a new position in RTX in the 2nd quarter valued at about $35,285,000. 86.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Barclays raised their price target on shares of RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 29th. TD Cowen upgraded shares of RTX to a “strong-buy” rating in a research report on Tuesday, October 8th. Royal Bank of Canada boosted their price target on RTX from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday. UBS Group lifted their price objective on RTX from $128.00 to $142.00 and gave the company a “neutral” rating in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft upgraded RTX from a “hold” rating to a “buy” rating and upped their target price for the company from $131.00 to $140.00 in a research note on Thursday, January 2nd. Six equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $161.73.

RTX Stock Down 2.4 %

RTX opened at $125.25 on Thursday. The company has a market cap of $166.71 billion, a PE ratio of 35.79, a price-to-earnings-growth 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. RTX Co. has a 1 year low of $88.90 and a 1 year high of $132.43. The firm has a 50 day moving average price of $118.79 and a 200 day moving average price of $118.93.

RTX (NYSE:RTX) last released its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.19. RTX had a net margin of 5.97% and a return on equity of 11.96%. Sell-side analysts expect that RTX Co. will post 5.56 earnings per share for the current year.

RTX Company 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.