Beaumont Financial Advisors LLC Increases Position in RTX Co. (NYSE:RTX)

Beaumont Financial Advisors LLC increased its stake in shares of RTX Co. (NYSE:RTX) by 2.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,660 shares of the company’s stock after buying an additional 243 shares during the quarter. Beaumont Financial Advisors LLC’s holdings in RTX were worth $1,349,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. MCF Advisors LLC raised its stake in shares of RTX by 0.9% during the fourth quarter. MCF Advisors LLC now owns 10,053 shares of the company’s stock worth $1,163,000 after purchasing an additional 87 shares during the last quarter. Enclave Advisors LLC increased its stake in RTX by 5.5% in the 4th quarter. Enclave Advisors LLC now owns 3,898 shares of the company’s stock valued at $451,000 after buying an additional 204 shares during the period. Atomi Financial Group Inc. raised its position in RTX by 0.9% during the 4th quarter. Atomi Financial Group Inc. now owns 40,138 shares of the company’s stock worth $4,645,000 after buying an additional 364 shares during the last quarter. Monterey Private Wealth Inc. lifted its stake in shares of RTX by 4.2% in the 4th quarter. Monterey Private Wealth Inc. now owns 4,881 shares of the company’s stock worth $565,000 after acquiring an additional 195 shares during the period. Finally, Chesley Taft & Associates LLC boosted its holdings in shares of RTX by 1.4% in the fourth quarter. Chesley Taft & Associates LLC now owns 84,828 shares of the company’s stock valued at $9,816,000 after acquiring an additional 1,175 shares in the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Stock Up 3.8 %

Shares of RTX stock opened at $125.75 on Wednesday. RTX Co. has a 12-month low of $85.01 and a 12-month high of $128.70. The firm has a market capitalization of $167.37 billion, a PE ratio of 35.93, a price-to-earnings-growth ratio of 1.93 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. The stock’s fifty day moving average is $118.08 and its 200-day moving average is $118.01.

RTX (NYSE:RTX) last released its earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, beating 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 company had revenue of $20.09 billion during the quarter, compared to analyst estimates of $19.84 billion. During the same quarter in the prior year, the company earned $1.25 earnings per share. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. Equities analysts anticipate that RTX Co. will post 5.56 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on RTX. Barclays increased their price target on shares of RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a report on Tuesday, October 29th. Citigroup upgraded shares of RTX from a “neutral” rating to a “buy” rating and lifted their price target for the company from $132.00 to $153.00 in a research report on Tuesday. TD Cowen upgraded RTX to a “strong-buy” rating in a report on Tuesday, October 8th. Wells Fargo & Company lifted their price objective on RTX from $140.00 to $151.00 and gave the stock an “overweight” rating in a report on Wednesday, January 8th. Finally, Royal Bank of Canada raised RTX from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $130.00 to $140.00 in a report on Thursday, December 19th. Five equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $158.27.

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.