Baker Ellis Asset Management LLC Has $6.72 Million Stake in RTX Co. (NYSE:RTX)

Baker Ellis Asset Management LLC reduced its position in shares of RTX Co. (NYSE:RTX) by 1.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,029 shares of the company’s stock after selling 691 shares during the period. RTX comprises about 1.0% of Baker Ellis Asset Management LLC’s investment portfolio, making the stock its 29th largest holding. Baker Ellis Asset Management LLC’s holdings in RTX were worth $6,715,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of RTX. MidAtlantic Capital Management Inc. acquired a new position in RTX during the third quarter valued at approximately $29,000. Modus Advisors LLC acquired a new position in RTX during the fourth quarter valued at approximately $39,000. Western Pacific Wealth Management LP acquired a new position in RTX during the third quarter valued at approximately $41,000. Kimelman & Baird LLC acquired a new position in RTX during the second quarter valued at approximately $46,000. Finally, ORG Wealth Partners LLC bought a new stake in RTX in the third quarter valued at approximately $50,000. 86.50% of the stock is owned by institutional investors and hedge funds.

RTX Price Performance

RTX stock opened at $124.49 on Thursday. The stock’s fifty day moving average price is $118.10 and its two-hundred day moving average price is $118.06. RTX Co. has a one year low of $87.96 and a one year high of $128.70. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.99 and a quick ratio of 0.73. The firm has a market cap of $165.69 billion, a PE ratio of 35.57, a price-to-earnings-growth ratio of 2.01 and a beta of 0.81.

RTX (NYSE:RTX) last posted 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 firm had revenue of $20.09 billion for the quarter, compared to analyst estimates of $19.84 billion. RTX had a return on equity of 11.96% and a net margin of 5.97%. The company’s revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the company earned $1.25 EPS. As a group, research analysts expect that RTX Co. will post 5.56 EPS for the current fiscal year.

Analysts Set New Price Targets

RTX has been the topic of several research analyst reports. Wells Fargo & Company upped their price objective on RTX from $140.00 to $151.00 and gave the company an “overweight” rating in a research note on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft upgraded RTX from a “hold” rating to a “buy” rating and upped their price objective for the company from $131.00 to $140.00 in a research note on Thursday, January 2nd. Royal Bank of Canada upgraded RTX from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $130.00 to $140.00 in a research note on Thursday, December 19th. Morgan Stanley upped their price objective on RTX from $120.00 to $130.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 23rd. Finally, Susquehanna dropped their price objective on RTX from $150.00 to $139.00 and set a “positive” rating on the stock in a research note on Wednesday, January 8th. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, RTX has an average rating of “Moderate Buy” and a consensus target price of $158.27.

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.