RTX Co. (NYSE:RTX) Shares Purchased by Cooper Financial Group

Cooper Financial Group increased its holdings in shares of RTX Co. (NYSE:RTX) by 4.6% in the fourth quarter, Holdings Channel reports. The firm owned 12,507 shares of the company’s stock after buying an additional 550 shares during the quarter. Cooper Financial Group’s holdings in RTX were worth $1,447,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of the business. MidAtlantic Capital Management Inc. acquired a new stake in shares of RTX in the 3rd quarter worth $29,000. Modus Advisors LLC purchased a new position in shares of RTX in the 4th quarter valued at about $39,000. Fairfield Financial Advisors LTD purchased a new position in RTX during the 2nd quarter valued at about $41,000. Western Pacific Wealth Management LP purchased a new stake in shares of RTX during the third quarter worth about $41,000. Finally, Kimelman & Baird LLC purchased a new stake in shares of RTX during the second quarter worth about $46,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Stock Up 1.9 %

Shares of RTX traded up $2.22 during trading hours on Monday, reaching $117.33. The company’s stock had a trading volume of 2,839,052 shares, compared to its average volume of 3,534,686. The company has a 50 day moving average of $118.18 and a two-hundred day moving average of $117.01. RTX Co. has a 1-year low of $84.43 and a 1-year high of $128.70. The firm has a market cap of $156.17 billion, a price-to-earnings ratio of 33.52, a P/E/G ratio of 2.08 and a beta of 0.81. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 0.62.

RTX (NYSE:RTX) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.11. RTX had a return on equity of 11.96% and a net margin of 5.97%. The firm had revenue of $20.09 billion for the quarter, compared to the consensus estimate of $19.84 billion. During the same quarter in the prior year, the company posted $1.25 earnings per share. The firm’s revenue was up 6.0% on a year-over-year basis. As a group, research analysts predict that RTX Co. will post 5.56 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on RTX. Barclays raised their target price 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. Wells Fargo & Company lifted their price target 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. Citigroup lifted their price target on shares of RTX from $122.00 to $132.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. TD Cowen upgraded shares of RTX to a “strong-buy” rating in a research note on Tuesday, October 8th. Finally, Morgan Stanley boosted their target price on shares of RTX from $120.00 to $130.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 23rd. Six analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company 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.