ORG Wealth Partners LLC Purchases 215 Shares of RTX Co. (NYSE:RTX)

ORG Wealth Partners LLC raised its position in RTX Co. (NYSE:RTX) by 51.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 631 shares of the company’s stock after purchasing an additional 215 shares during the period. ORG Wealth Partners LLC’s holdings in RTX were worth $73,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. Acadian Asset Management LLC grew its stake in RTX by 26.4% in the second quarter. Acadian Asset Management LLC now owns 1,700 shares of the company’s stock valued at $170,000 after acquiring an additional 355 shares during the period. Prudential PLC bought a new stake in RTX during the 2nd quarter worth approximately $309,000. AGF Management Ltd. raised its holdings in RTX by 32.9% during the 2nd quarter. AGF Management Ltd. now owns 33,332 shares of the company’s stock worth $3,346,000 after buying an additional 8,248 shares during the period. BOKF NA lifted its stake in RTX by 3.0% in the second quarter. BOKF NA now owns 65,402 shares of the company’s stock valued at $6,566,000 after buying an additional 1,883 shares in the last quarter. Finally, PFG Advisors boosted its holdings in shares of RTX by 2.1% in the second quarter. PFG Advisors now owns 19,047 shares of the company’s stock valued at $1,912,000 after buying an additional 383 shares during the period. 86.50% of the stock is currently owned by institutional investors and hedge funds.

RTX Stock Down 0.7 %

RTX stock opened at $115.06 on Friday. RTX Co. has a 1-year low of $84.43 and a 1-year high of $128.70. The business’s 50 day simple moving average is $118.26 and its 200 day simple moving average is $116.71. 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 capitalization of $153.15 billion, a PE ratio of 32.87, a PEG ratio of 2.08 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, beating the consensus estimate of $1.34 by $0.11. The firm had revenue of $20.09 billion for the quarter, compared to the consensus estimate of $19.84 billion. RTX had a net margin of 5.97% and a return on equity of 11.96%. The company’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.25 earnings per share. As a group, research analysts anticipate that RTX Co. will post 5.56 EPS for the current year.

Wall Street Analysts Forecast Growth

RTX has been the topic of several research reports. Wells Fargo & Company boosted their price objective on shares of RTX from $140.00 to $151.00 and gave the company an “overweight” rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft upgraded RTX from a “hold” rating to a “buy” rating and increased their price objective for the stock from $131.00 to $140.00 in a report on Thursday, January 2nd. Morgan Stanley upped their price target on RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 23rd. TD Cowen raised shares of RTX to a “strong-buy” rating in a research report on Tuesday, October 8th. Finally, Susquehanna decreased their target price on shares of RTX from $150.00 to $139.00 and set a “positive” rating for the company in a research report on Wednesday. Six research 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’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $156.87.

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.