Gateway Wealth Partners LLC Purchases 5,100 Shares of RTX Co. (NYSE:RTX)

Gateway Wealth Partners LLC grew its position in RTX Co. (NYSE:RTX) by 107.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,855 shares of the company’s stock after purchasing an additional 5,100 shares during the quarter. Gateway Wealth Partners LLC’s holdings in RTX were worth $1,140,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. CX Institutional boosted its stake in RTX by 21.9% during the fourth quarter. CX Institutional now owns 65,150 shares of the company’s stock worth $7,539,000 after acquiring an additional 11,706 shares in the last quarter. LRI Investments LLC boosted its stake in RTX by 6.5% during the third quarter. LRI Investments LLC now owns 77,543 shares of the company’s stock worth $9,221,000 after acquiring an additional 4,732 shares in the last quarter. Napa Wealth Management bought a new position in RTX during the third quarter worth $1,307,000. Czech National Bank boosted its stake in RTX by 6.5% during the fourth quarter. Czech National Bank now owns 288,591 shares of the company’s stock worth $33,396,000 after acquiring an additional 17,608 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in RTX by 16.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 78,994 shares of the company’s stock worth $9,510,000 after acquiring an additional 11,354 shares in the last quarter. 86.50% of the stock is owned by institutional investors.

RTX Stock Performance

NYSE RTX opened at $128.21 on Wednesday. RTX Co. has a 52-week low of $88.90 and a 52-week high of $132.43. The company has a 50-day simple moving average of $118.67 and a 200 day simple moving average of $118.89. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 0.99. The company has a market capitalization of $170.65 billion, a PE ratio of 36.63, a price-to-earnings-growth ratio of 1.99 and a beta of 0.81.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 earnings per share (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%. On average, research analysts predict that RTX Co. will post 5.56 EPS for the current year.

Analyst Upgrades and Downgrades

RTX has been the topic of several research analyst reports. Susquehanna cut their target price on shares of RTX from $150.00 to $139.00 and set a “positive” rating on the stock in a research note on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft raised shares of RTX from a “hold” rating to a “buy” rating and raised their price objective for the company from $131.00 to $140.00 in a research note on Thursday, January 2nd. Wells Fargo & Company raised their price objective on shares of RTX from $140.00 to $151.00 and gave the company an “overweight” rating in a research note on Wednesday, January 8th. Citigroup raised shares of RTX from a “neutral” rating to a “buy” rating and raised their price objective for the company from $132.00 to $153.00 in a research note on Tuesday, January 21st. Finally, Morgan Stanley raised their price objective on shares of RTX from $120.00 to $130.00 and gave the company an “equal weight” rating in a research note 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $158.27.

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.