ORG Partners LLC Has $255,000 Position in RTX Co. (NYSE:RTX)

ORG Partners LLC boosted its position in shares of RTX Co. (NYSE:RTX) by 16.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,201 shares of the company’s stock after buying an additional 317 shares during the quarter. ORG Partners LLC’s holdings in RTX were worth $255,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

RTX has been the topic of a number of recent analyst reports. Wells Fargo & Company raised their target price on RTX from $140.00 to $151.00 and gave the stock an “overweight” rating in a report on Wednesday. Morgan Stanley boosted their price objective on shares of RTX from $120.00 to $130.00 and gave the company an “equal weight” rating in a report on Wednesday, October 23rd. Citigroup increased their target price on shares of RTX from $122.00 to $132.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. UBS Group boosted their price target on shares of RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Finally, Barclays raised their price objective on RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 29th. Six equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $156.87.

RTX Trading Down 0.7 %

NYSE RTX opened at $115.06 on Friday. RTX Co. has a 52 week low of $84.43 and a 52 week high of $128.70. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 0.99. The stock’s 50 day moving average price is $118.26 and its two-hundred day moving average price is $116.71. The stock has a market capitalization of $153.15 billion, a price-to-earnings ratio of 32.87, a PEG ratio of 2.08 and a beta of 0.81.

RTX (NYSE:RTX) last announced its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.11. The business had revenue of $20.09 billion for the quarter, compared to analyst estimates of $19.84 billion. RTX had a net margin of 5.97% and a return on equity of 11.96%. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.25 earnings per share. As a group, analysts anticipate that RTX Co. will post 5.56 earnings per share 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.