LifePlan Financial LLC Sells 222 Shares of RTX Co. (NYSE:RTX)

LifePlan Financial LLC decreased its holdings in shares of RTX Co. (NYSE:RTX) by 2.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,498 shares of the company’s stock after selling 222 shares during the period. LifePlan Financial LLC’s holdings in RTX were worth $983,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. MidAtlantic Capital Management Inc. bought a new stake in RTX in the third quarter valued at $29,000. Western Pacific Wealth Management LP purchased a new stake in shares of RTX in the 3rd quarter worth about $41,000. Modus Advisors LLC purchased a new stake in shares of RTX in the 4th quarter worth about $39,000. ORG Wealth Partners LLC purchased a new position in shares of RTX during the third quarter valued at about $50,000. Finally, Kimelman & Baird LLC bought a new position in RTX in the second quarter worth about $46,000. 86.50% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

RTX has been the topic of several research reports. Citigroup raised RTX from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $132.00 to $153.00 in a research report on Tuesday. TD Cowen raised RTX to a “strong-buy” rating in a research note on Tuesday, October 8th. Barclays raised their price objective on RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 29th. UBS Group upped their target price on shares of RTX from $126.00 to $133.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Finally, Morgan Stanley lifted their price target on shares of RTX from $120.00 to $130.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 23rd. Five analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $158.27.

RTX Stock Up 0.7 %

RTX stock opened at $121.30 on Tuesday. RTX Co. has a 12 month low of $84.43 and a 12 month high of $128.70. The stock has a fifty day simple moving average of $118.03 and a two-hundred day simple moving average of $117.84. 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 has a market cap of $161.45 billion, a price-to-earnings ratio of 34.66, a PEG ratio of 1.93 and a beta of 0.81.

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

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.