RTX Co. (NYSE:RTX) Shares Bought by Sandy Cove Advisors LLC

Sandy Cove Advisors LLC increased its stake in RTX Co. (NYSE:RTX) by 8.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,175 shares of the company’s stock after acquiring an additional 238 shares during the period. Sandy Cove Advisors LLC’s holdings in RTX were worth $367,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Elgethun Capital Management raised its holdings in shares of RTX by 3.8% during the second quarter. Elgethun Capital Management now owns 2,326 shares of the company’s stock valued at $233,000 after acquiring an additional 85 shares during the period. Avestar Capital LLC grew its position in RTX by 0.6% during the 3rd quarter. Avestar Capital LLC now owns 14,461 shares of the company’s stock worth $1,752,000 after purchasing an additional 85 shares in the last quarter. Arbor Wealth Advisors LLC raised its stake in RTX by 3.7% during the 4th quarter. Arbor Wealth Advisors LLC now owns 2,382 shares of the company’s stock valued at $276,000 after purchasing an additional 85 shares during the period. Mowery & Schoenfeld Wealth Management LLC boosted its position in shares of RTX by 20.1% in the third quarter. Mowery & Schoenfeld Wealth Management LLC now owns 514 shares of the company’s stock worth $62,000 after buying an additional 86 shares during the period. Finally, Blackston Financial Advisory Group LLC grew its holdings in shares of RTX by 3.7% during the third quarter. Blackston Financial Advisory Group LLC now owns 2,403 shares of the company’s stock valued at $291,000 after buying an additional 86 shares in the last quarter. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

RTX has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft upgraded RTX from a “hold” rating to a “buy” rating and raised their price objective for the stock from $131.00 to $140.00 in a research report on Thursday, January 2nd. Citigroup boosted their price objective on shares of RTX from $122.00 to $132.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Barclays increased their target price on shares of RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 29th. Wells Fargo & Company boosted their price target on shares of RTX from $140.00 to $151.00 and gave the company an “overweight” rating in a report on Wednesday, January 8th. Finally, UBS Group increased their price objective on RTX from $126.00 to $133.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Six 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 company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $156.87.

RTX Price Performance

Shares of NYSE:RTX opened at $121.30 on Friday. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 0.62. The business has a 50 day moving average price of $118.10 and a 200 day moving average price of $117.57. The company has a market cap of $161.45 billion, a price-to-earnings ratio of 34.66, a PEG ratio of 1.84 and a beta of 0.81. RTX Co. has a twelve month low of $84.43 and a twelve month high of $128.70.

RTX (NYSE:RTX) last released its earnings results on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, beating the consensus estimate of $1.34 by $0.11. The firm had revenue of $20.09 billion during the quarter, compared to analysts’ expectations of $19.84 billion. RTX had a net margin of 5.97% and a return on equity of 11.96%. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.25 EPS. Research analysts predict that RTX Co. will post 5.55 earnings per share for the current year.

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.