Orrstown Financial Services Inc. Purchases 134 Shares of RTX Co. (NYSE:RTX)

Orrstown Financial Services Inc. grew its holdings in shares of RTX Co. (NYSE:RTX) by 1.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,099 shares of the company’s stock after purchasing an additional 134 shares during the quarter. Orrstown Financial Services Inc.’s holdings in RTX were worth $1,284,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the business. MidAtlantic Capital Management Inc. bought a new position in shares of RTX during the 3rd quarter valued at approximately $29,000. Modus Advisors LLC purchased a new position in shares of RTX during the 4th quarter valued at $39,000. Western Pacific Wealth Management LP bought a new position in RTX in the 3rd quarter worth $41,000. Kimelman & Baird LLC bought a new stake in RTX during the second quarter valued at about $46,000. Finally, ORG Wealth Partners LLC purchased a new position in shares of RTX in the third quarter valued at about $50,000. 86.50% of the stock is currently owned by institutional investors.

RTX Trading Down 0.6 %

Shares of NYSE RTX traded down $0.79 during trading hours on Wednesday, reaching $127.56. The stock had a trading volume of 691,835 shares, compared to its average volume of 4,393,509. The firm has a market cap of $169.78 billion, a price-to-earnings ratio of 36.57, a P/E/G ratio of 1.99 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 52-week low of $88.90 and a 52-week high of $132.43. The business’s fifty day moving average price is $118.67 and its two-hundred day moving average price is $118.89.

RTX (NYSE:RTX) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 EPS 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%. Analysts expect that RTX Co. will post 5.56 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have issued reports on RTX shares. Wells Fargo & Company boosted their price target on shares of RTX from $140.00 to $151.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 8th. Barclays increased their price target on RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 29th. Morgan Stanley lifted their price objective on RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 23rd. UBS Group increased their target price on RTX from $128.00 to $142.00 and gave the company a “neutral” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. increased their price objective on shares of RTX from $140.00 to $150.00 and gave the company an “overweight” rating in a research report on Wednesday. Five investment 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’s stock. According to MarketBeat.com, RTX has an average rating of “Moderate Buy” and a consensus target price of $160.20.

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.