RTX Co. (NYSE:RTX) Position Boosted by Perigon Wealth Management LLC

Perigon Wealth Management LLC increased its holdings in RTX Co. (NYSE:RTX) by 1.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,277 shares of the company’s stock after buying an additional 1,245 shares during the quarter. Perigon Wealth Management LLC’s holdings in RTX were worth $8,827,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in RTX. MidAtlantic Capital Management Inc. acquired a new stake in RTX in the third quarter worth approximately $29,000. Modus Advisors LLC acquired a new stake in RTX in the fourth quarter worth approximately $39,000. Western Pacific Wealth Management LP acquired a new stake in RTX in the third quarter worth approximately $41,000. Kimelman & Baird LLC acquired a new stake in RTX in the second quarter worth approximately $46,000. Finally, ORG Wealth Partners LLC acquired a new stake in RTX in the third quarter worth approximately $50,000. 86.50% of the stock is owned by institutional investors.

RTX Price Performance

RTX opened at $124.72 on Tuesday. The stock has a fifty day moving average of $118.49 and a 200-day moving average of $118.70. The firm has a market capitalization of $166.00 billion, a P/E ratio of 35.63, a PEG ratio of 1.99 and a beta of 0.81. RTX Co. has a 12-month low of $88.90 and a 12-month high of $128.70. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 0.62.

RTX (NYSE:RTX) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.19. RTX had a net margin of 5.97% and a return on equity of 11.96%. Equities analysts forecast that RTX Co. will post 5.56 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on RTX. Barclays upped their target price on RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft upgraded RTX from a “hold” rating to a “buy” rating and upped their target price for the stock from $131.00 to $140.00 in a research report on Thursday, January 2nd. Susquehanna cut their price objective on RTX from $150.00 to $139.00 and set a “positive” rating for the company in a research report on Wednesday, January 8th. Wells Fargo & Company increased their price objective on RTX from $140.00 to $151.00 and gave the company an “overweight” rating in a research report on Wednesday, January 8th. Finally, Morgan Stanley increased their price objective on RTX from $120.00 to $130.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 23rd. Five analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.