Financial Partners Group LLC Has $1.27 Million Stock Position in RTX Co. (NYSE:RTX)

Financial Partners Group LLC lifted its position in shares of RTX Co. (NYSE:RTX) by 20.5% during the 4th quarter, Holdings Channel reports. The firm owned 10,940 shares of the company’s stock after purchasing an additional 1,858 shares during the quarter. Financial Partners Group LLC’s holdings in RTX were worth $1,266,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of RTX. MidAtlantic Capital Management Inc. acquired a new stake in shares of RTX during the 3rd quarter worth about $29,000. Modus Advisors LLC acquired a new position in RTX in the 4th quarter valued at about $39,000. Western Pacific Wealth Management LP bought a new position in RTX in the 3rd quarter valued at about $41,000. Kimelman & Baird LLC acquired a new stake in RTX during the second quarter worth approximately $46,000. Finally, ORG Wealth Partners LLC bought a new stake in shares of RTX during the third quarter worth approximately $50,000. 86.50% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on RTX shares. Susquehanna lowered their target price on RTX from $150.00 to $139.00 and set a “positive” rating on the stock in a research note on Wednesday, January 8th. Morgan Stanley increased their price objective on RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft raised shares of RTX from a “hold” rating to a “buy” rating and boosted their target price for the company from $131.00 to $140.00 in a research report on Thursday, January 2nd. TD Cowen raised shares of RTX to a “strong-buy” rating in a research report on Tuesday, October 8th. Finally, UBS Group lifted their price objective on shares of RTX from $126.00 to $133.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Five investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $158.27.

RTX Stock Up 1.6 %

NYSE RTX opened at $126.34 on Friday. RTX Co. has a fifty-two week low of $88.70 and a fifty-two week high of $128.70. The business has a fifty day moving average price of $118.25 and a two-hundred day moving average price of $118.12. 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 stock has a market capitalization of $168.17 billion, a PE ratio of 36.10, a PEG ratio of 1.99 and a beta of 0.81.

RTX (NYSE:RTX) last released its quarterly earnings data 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 business had revenue of $20.09 billion for the quarter, compared to analyst estimates of $19.84 billion. RTX had a return on equity of 11.96% and a net margin of 5.97%. RTX’s revenue was up 6.0% compared to the same quarter last year. During the same period last year, the firm posted $1.25 earnings per share. Equities analysts expect that RTX Co. will post 5.56 earnings per share for the current fiscal 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.