Pacer Advisors Inc. Buys 23,140 Shares of RTX Co. (NYSE:RTX)

Pacer Advisors Inc. raised its position in shares of RTX Co. (NYSE:RTX) by 23.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 122,105 shares of the company’s stock after purchasing an additional 23,140 shares during the quarter. Pacer Advisors Inc.’s holdings in RTX were worth $14,130,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. MidAtlantic Capital Management Inc. bought a new position in RTX during the third quarter worth $29,000. Modus Advisors LLC bought a new position in shares of RTX in the 4th quarter worth about $39,000. Western Pacific Wealth Management LP bought a new stake in shares of RTX during the 3rd quarter valued at about $41,000. Kimelman & Baird LLC acquired a new stake in RTX during the second quarter worth approximately $46,000. Finally, ORG Wealth Partners LLC bought a new stake in RTX in the third quarter worth approximately $50,000. Institutional investors own 86.50% of the company’s stock.

RTX Price Performance

Shares of NYSE RTX opened at $128.21 on Wednesday. The firm has a market cap of $170.65 billion, a price-to-earnings ratio of 36.63, a price-to-earnings-growth ratio of 1.99 and a beta of 0.81. The stock has a fifty day simple moving average of $118.67 and a two-hundred day simple moving average of $118.89. 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 1-year low of $88.90 and a 1-year high of $132.43.

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

Analysts Set New Price Targets

Several analysts have recently commented on RTX shares. Citigroup raised shares of RTX from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $132.00 to $153.00 in a research report on Tuesday, January 21st. Wells Fargo & Company lifted their price target on shares of RTX from $140.00 to $151.00 and gave the company an “overweight” rating in a research note on Wednesday, January 8th. Morgan Stanley raised their target price on RTX from $120.00 to $130.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 23rd. Susquehanna dropped their price target on RTX from $150.00 to $139.00 and set a “positive” rating on the stock in a research note on Wednesday, January 8th. Finally, Royal Bank of Canada raised RTX from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $130.00 to $140.00 in a research note on Thursday, December 19th. Five investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, RTX currently has an average rating of “Moderate Buy” and a consensus price target of $158.27.

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.