RTX Co. (NYSE:RTX) Shares Acquired by Rice Partnership LLC

Rice Partnership LLC increased its position in shares of RTX Co. (NYSE:RTX) by 49.2% in the 4th quarter, Holdings Channel reports. The firm owned 76,461 shares of the company’s stock after purchasing an additional 25,207 shares during the period. RTX accounts for approximately 1.7% of Rice Partnership LLC’s portfolio, making the stock its 18th largest position. Rice Partnership LLC’s holdings in RTX were worth $8,848,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. MidAtlantic Capital Management Inc. acquired a new position in RTX during the 3rd quarter worth about $29,000. Modus Advisors LLC purchased a new position in RTX during the 4th quarter worth approximately $39,000. Western Pacific Wealth Management LP purchased a new position in shares of RTX in the 3rd quarter valued at approximately $41,000. ORG Wealth Partners LLC acquired a new stake in shares of RTX in the 3rd quarter valued at approximately $50,000. Finally, Mowery & Schoenfeld Wealth Management LLC raised its holdings in RTX by 20.1% during the third quarter. Mowery & Schoenfeld Wealth Management LLC now owns 514 shares of the company’s stock worth $62,000 after purchasing an additional 86 shares during the last quarter. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

RTX Price Performance

Shares of NYSE:RTX opened at $129.08 on Monday. The business has a fifty day simple moving average of $119.14 and a 200-day simple moving average of $119.40. RTX Co. has a 52 week low of $88.90 and a 52 week high of $132.43. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. The company has a market cap of $171.81 billion, a P/E ratio of 36.36, a P/E/G ratio of 2.17 and a beta of 0.82.

RTX (NYSE:RTX) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.19. RTX had a return on equity of 12.45% and a net margin of 5.91%. Equities research analysts forecast that RTX Co. will post 6.12 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on RTX shares. Susquehanna lifted their price objective on RTX from $139.00 to $147.00 and gave the stock a “positive” rating in a report on Wednesday, January 29th. Wells Fargo & Company lifted their price objective on RTX from $151.00 to $156.00 and gave the stock an “overweight” rating in a report on Thursday. TD Cowen raised RTX to a “strong-buy” rating in a research report on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft raised RTX from a “hold” rating to a “buy” rating and raised their price target for the stock from $131.00 to $140.00 in a research report on Thursday, January 2nd. Finally, Bank of America raised their price target on RTX from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Thursday. Six equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $163.07.

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.