72,478 Shares in RTX Co. (NYSE:RTX) Purchased by Empirical Asset Management LLC

Empirical Asset Management LLC purchased a new stake in RTX Co. (NYSE:RTX) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 72,478 shares of the company’s stock, valued at approximately $8,387,000.

A number of other institutional investors also recently made changes to their positions in RTX. MidAtlantic Capital Management Inc. acquired a new stake in RTX during the 3rd quarter worth approximately $29,000. Modus Advisors LLC bought a new position in RTX during the 4th quarter worth $39,000. Western Pacific Wealth Management LP acquired a new stake in shares of RTX during the third quarter worth $41,000. Kimelman & Baird LLC bought a new stake in shares of RTX in the second quarter valued at about $46,000. Finally, ORG Wealth Partners LLC acquired a new position in shares of RTX in the third quarter valued at about $50,000. Institutional investors own 86.50% of the company’s stock.

RTX Stock Up 1.1 %

Shares of NYSE RTX opened at $120.38 on Friday. The company has a market cap of $160.22 billion, a price-to-earnings ratio of 34.39, a PEG ratio of 1.84 and a beta of 0.81. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.62. RTX Co. has a 12 month low of $84.43 and a 12 month high of $128.70. The stock has a 50-day moving average price of $118.14 and a two-hundred day moving average price of $117.30.

RTX (NYSE:RTX) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 earnings per share (EPS) 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 business had revenue of $20.09 billion during the quarter, compared to analysts’ expectations of $19.84 billion. During the same period in the prior year, the company earned $1.25 EPS. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. As a group, analysts forecast that RTX Co. will post 5.55 earnings per share for the current fiscal year.

Analyst Ratings Changes

RTX has been the subject of several analyst reports. Morgan Stanley lifted their price objective on shares of RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 23rd. Citigroup boosted their price target on RTX from $122.00 to $132.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Wells Fargo & Company raised their price objective on RTX from $140.00 to $151.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 8th. UBS Group upped their target price on RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Finally, Barclays raised their price target on RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 29th. Six investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $156.87.

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.