Kera Capital Partners Inc. Invests $4.97 Million in RTX Co. (NYSE:RTX)

Kera Capital Partners Inc. purchased a new stake in RTX Co. (NYSE:RTX) in the 4th quarter, HoldingsChannel reports. The fund purchased 42,952 shares of the company’s stock, valued at approximately $4,970,000. RTX accounts for 1.4% of Kera Capital Partners Inc.’s portfolio, making the stock its 21st biggest position.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Barclays increased their price target on RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft upgraded shares of RTX from a “hold” rating to a “buy” rating and increased their target price for the company from $131.00 to $140.00 in a report on Thursday, January 2nd. Royal Bank of Canada upgraded shares of RTX from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from $130.00 to $140.00 in a report on Thursday, December 19th. Wells Fargo & Company lifted their target price on shares of RTX from $140.00 to $151.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 8th. Finally, Citigroup upped their target price on RTX from $122.00 to $132.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Six analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $156.87.

RTX Stock Performance

Shares of RTX stock opened at $121.30 on Friday. RTX Co. has a 12 month low of $84.43 and a 12 month high of $128.70. The stock has a market capitalization of $161.45 billion, a P/E ratio of 34.66, a PEG ratio of 1.84 and a beta of 0.81. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.62. The firm’s 50 day moving average is $118.10 and its 200 day moving average is $117.57.

RTX (NYSE:RTX) last announced its quarterly earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of $19.84 billion. During the same period in the previous year, the business earned $1.25 earnings per share. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. On average, sell-side analysts anticipate that RTX Co. will post 5.55 earnings per share for the current year.

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.