Cornell Pochily Investment Advisors Inc. Boosts Stake in RTX Co. (NYSE:RTX)

Cornell Pochily Investment Advisors Inc. grew its stake in shares of RTX Co. (NYSE:RTX) by 0.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,416 shares of the company’s stock after buying an additional 119 shares during the period. Cornell Pochily Investment Advisors Inc.’s holdings in RTX were worth $1,668,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. MidAtlantic Capital Management Inc. bought a new stake in RTX in the 3rd quarter valued at $29,000. Modus Advisors LLC bought a new stake in shares of RTX in the fourth quarter worth about $39,000. Western Pacific Wealth Management LP purchased a new stake in shares of RTX in the third quarter worth about $41,000. Kimelman & Baird LLC bought a new position in RTX during the second quarter valued at approximately $46,000. Finally, ORG Wealth Partners LLC purchased a new position in RTX during the 3rd quarter valued at approximately $50,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Trading Down 0.8 %

RTX stock opened at $125.23 on Monday. The company has a market capitalization of $166.69 billion, a PE ratio of 35.78, a P/E/G ratio of 1.99 and a beta of 0.81. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.99 and a quick ratio of 0.73. RTX Co. has a 12 month low of $88.90 and a 12 month high of $128.70. The firm’s 50-day moving average is $118.38 and its 200 day moving average is $118.54.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on RTX. Morgan Stanley raised their target price on shares of RTX from $120.00 to $130.00 and gave the company an “equal weight” rating in a report on Wednesday, October 23rd. Royal Bank of Canada upgraded shares of RTX from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $130.00 to $140.00 in a research report on Thursday, December 19th. Deutsche Bank Aktiengesellschaft raised RTX from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $131.00 to $140.00 in a research note on Thursday, January 2nd. Wells Fargo & Company lifted their target price on RTX from $140.00 to $151.00 and gave the stock an “overweight” rating in a report on Wednesday, January 8th. Finally, UBS Group increased their price target on RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Five equities research 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, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.