Capital Asset Advisory Services LLC Purchases 564 Shares of RTX Co. (NYSE:RTX)

Capital Asset Advisory Services LLC raised its stake in RTX Co. (NYSE:RTX) by 2.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 27,982 shares of the company’s stock after purchasing an additional 564 shares during the quarter. Capital Asset Advisory Services LLC’s holdings in RTX were worth $3,242,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RTX. Assenagon Asset Management S.A. lifted its position in RTX by 545.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 2,478,784 shares of the company’s stock valued at $286,845,000 after purchasing an additional 2,094,834 shares during the last quarter. International Assets Investment Management LLC lifted its position in 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 valued at $206,095,000 after purchasing an additional 1,686,007 shares during the last quarter. Fisher Asset Management LLC lifted its position in RTX by 4.8% in the third quarter. Fisher Asset Management LLC now owns 18,471,471 shares of the company’s stock valued at $2,238,004,000 after purchasing an additional 852,183 shares during the last quarter. Janus Henderson Group PLC lifted its position in RTX by 256.6% in the third quarter. Janus Henderson Group PLC now owns 976,527 shares of the company’s stock valued at $118,309,000 after purchasing an additional 702,699 shares during the last quarter. Finally, abrdn plc lifted its position in RTX by 527.6% in the third quarter. abrdn plc now owns 605,790 shares of the company’s stock valued at $72,852,000 after purchasing an additional 509,261 shares during the last quarter. Institutional investors own 86.50% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Susquehanna decreased their target price on RTX from $150.00 to $139.00 and set a “positive” rating for the company in a report on Wednesday, January 8th. Wells Fargo & Company upped their target price on RTX from $140.00 to $151.00 and gave the company an “overweight” rating in a report on Wednesday, January 8th. Citigroup upgraded RTX from a “neutral” rating to a “buy” rating and upped their target price for the company from $132.00 to $153.00 in a report on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft upgraded RTX from a “hold” rating to a “buy” rating and upped their target price for the company from $131.00 to $140.00 in a report on Thursday, January 2nd. Finally, UBS Group upped their target price on RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. 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 company. Based on data from MarketBeat.com, RTX has an average rating of “Moderate Buy” and an average price target of $158.27.

RTX Trading Down 0.8 %

NYSE RTX opened at $125.23 on Monday. RTX Co. has a 12 month low of $88.90 and a 12 month high of $128.70. The stock has a market cap of $166.69 billion, a P/E ratio of 35.78, a P/E/G ratio of 1.99 and a beta of 0.81. The stock’s fifty day moving average price is $118.38 and its 200-day moving average price is $118.54. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.62.

About RTX

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.