Wealth Enhancement Advisory Services LLC Boosts Holdings in RTX Co. (NYSE:RTX)

Wealth Enhancement Advisory Services LLC boosted its holdings in shares of RTX Co. (NYSE:RTX) by 3.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 679,565 shares of the company’s stock after buying an additional 19,970 shares during the quarter. Wealth Enhancement Advisory Services LLC owned 0.05% of RTX worth $82,336,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Acadian Asset Management LLC increased its stake in shares of RTX by 26.4% during the second quarter. Acadian Asset Management LLC now owns 1,700 shares of the company’s stock worth $170,000 after buying an additional 355 shares during the period. Prudential PLC purchased a new stake in shares of RTX in the 2nd quarter valued at approximately $309,000. AGF Management Ltd. raised its holdings in shares of RTX by 32.9% in the 2nd quarter. AGF Management Ltd. now owns 33,332 shares of the company’s stock valued at $3,346,000 after purchasing an additional 8,248 shares in the last quarter. BOKF NA lifted its position in shares of RTX by 3.0% during the 2nd quarter. BOKF NA now owns 65,402 shares of the company’s stock worth $6,566,000 after purchasing an additional 1,883 shares during the last quarter. Finally, PFG Advisors grew its stake in shares of RTX by 2.1% during the second quarter. PFG Advisors now owns 19,047 shares of the company’s stock worth $1,912,000 after purchasing an additional 383 shares in the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Price Performance

Shares of NYSE:RTX opened at $115.06 on Friday. RTX Co. has a 52 week low of $84.43 and a 52 week high of $128.70. The company has a 50-day moving average price of $118.26 and a 200 day moving average price of $116.71. The company has a market cap of $153.15 billion, a P/E ratio of 32.87, a PEG ratio of 2.08 and a beta of 0.81. 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, October 22nd. The company reported $1.45 EPS for the quarter, beating the consensus estimate of $1.34 by $0.11. RTX had a return on equity of 11.96% and a net margin of 5.97%. The business had revenue of $20.09 billion during the quarter, compared to analysts’ expectations of $19.84 billion. During the same period last year, the firm earned $1.25 EPS. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. Research analysts predict that RTX Co. will post 5.56 earnings per share for the current year.

Analysts Set New Price Targets

RTX has been the subject of a number of recent analyst reports. Barclays lifted their price target on RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 29th. Morgan Stanley upped their price target on RTX from $120.00 to $130.00 and gave the company an “equal weight” rating in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft raised shares of 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 report on Thursday, January 2nd. Susquehanna dropped their target price on shares of RTX from $150.00 to $139.00 and set a “positive” rating on the stock in a research report on Wednesday. Finally, TD Cowen raised shares of RTX to a “strong-buy” rating in a research report on Tuesday, October 8th. Six equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company 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.