Cyndeo Wealth Partners LLC Boosts Stock Position in RTX Co. (NYSE:RTX)

Cyndeo Wealth Partners LLC boosted its holdings in shares of RTX Co. (NYSE:RTX) by 0.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,546 shares of the company’s stock after purchasing an additional 235 shares during the quarter. Cyndeo Wealth Partners LLC’s holdings in RTX were worth $3,419,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Assenagon Asset Management S.A. raised its position in RTX by 545.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 2,478,784 shares of the company’s stock worth $286,845,000 after purchasing an additional 2,094,834 shares during the period. International Assets Investment Management LLC raised its holdings in shares of RTX by 11,235.6% in the third quarter. International Assets Investment Management LLC now owns 1,701,013 shares of the company’s stock worth $206,095,000 after buying an additional 1,686,007 shares during the period. Fisher Asset Management LLC lifted its stake in shares of RTX by 4.8% during the 3rd quarter. Fisher Asset Management LLC now owns 18,471,471 shares of the company’s stock worth $2,238,004,000 after acquiring an additional 852,183 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in RTX by 256.6% during the 3rd quarter. Janus Henderson Group PLC now owns 976,527 shares of the company’s stock valued at $118,309,000 after acquiring an additional 702,699 shares during the period. Finally, abrdn plc grew its position in RTX by 527.6% in the 3rd quarter. abrdn plc now owns 605,790 shares of the company’s stock valued at $72,852,000 after acquiring an additional 509,261 shares during the last quarter. Institutional investors own 86.50% of the company’s stock.

RTX Stock Performance

RTX stock opened at $125.23 on Friday. RTX Co. has a one year low of $88.90 and a one year high of $128.70. The firm has a market cap of $166.69 billion, a price-to-earnings ratio of 35.78, a PEG ratio of 1.99 and a beta of 0.81. 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 firm has a 50-day simple moving average of $118.38 and a two-hundred day simple moving average of $118.29.

RTX (NYSE:RTX) last announced its earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share for the quarter, beating 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 net margin of 5.97% and a return on equity of 11.96%. RTX’s revenue was up 6.0% compared to the same quarter last year. During the same period last year, the firm earned $1.25 earnings per share. On average, equities analysts forecast that RTX Co. will post 5.56 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on RTX shares. Wells Fargo & Company lifted their target price on RTX from $140.00 to $151.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 8th. Morgan Stanley lifted 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. Susquehanna dropped their target price on shares of RTX from $150.00 to $139.00 and set a “positive” rating on the stock in a research note on Wednesday, January 8th. Royal Bank of Canada upgraded RTX from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from $130.00 to $140.00 in a report on Thursday, December 19th. Finally, Barclays raised their price objective on RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 29th. Five investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average 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.