Kelleher Financial Advisors Increases Stock Position in RTX Co. (NYSE:RTX)

Kelleher Financial Advisors raised its stake in shares of RTX Co. (NYSE:RTX) by 8.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,297 shares of the company’s stock after acquiring an additional 177 shares during the quarter. Kelleher Financial Advisors’ holdings in RTX were worth $266,000 at the end of the most recent quarter.

A number of 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 3rd quarter valued at about $29,000. Western Pacific Wealth Management LP bought a new position in RTX during the third quarter valued at approximately $41,000. Modus Advisors LLC bought a new position in RTX during the fourth quarter valued at approximately $39,000. ORG Wealth Partners LLC bought a new position in shares of RTX in the third quarter valued at approximately $50,000. Finally, Kimelman & Baird LLC acquired a new stake in shares of RTX in the second quarter worth $46,000. 86.50% of the stock is owned by institutional investors and hedge funds.

RTX Trading Down 1.0 %

Shares of RTX stock opened at $124.49 on Thursday. The company has a market cap of $165.69 billion, a price-to-earnings ratio of 35.57, a PEG ratio of 2.01 and a beta of 0.81. 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 fifty day moving average price of $118.10 and a 200-day moving average price of $118.06. RTX Co. has a 1 year low of $87.96 and a 1 year high of $128.70.

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

Analysts Set New Price Targets

Several brokerages have recently commented on RTX. Barclays boosted their target price on shares of RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 29th. Morgan Stanley boosted their target price on RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 23rd. Royal Bank of Canada upgraded RTX from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $130.00 to $140.00 in a research report on Thursday, December 19th. Deutsche Bank Aktiengesellschaft raised RTX from a “hold” rating to a “buy” rating and upped their price target for the stock from $131.00 to $140.00 in a research report on Thursday, January 2nd. 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 investment 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 stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $158.27.

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.