FSM Wealth Advisors LLC Grows Stock Holdings in RTX Co. (NYSE:RTX)

FSM Wealth Advisors LLC grew its position in RTX Co. (NYSE:RTX) by 3.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 5,855 shares of the company’s stock after acquiring an additional 216 shares during the period. FSM Wealth Advisors LLC’s holdings in RTX were worth $705,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. MidAtlantic Capital Management Inc. purchased a new stake in RTX during the third quarter worth about $29,000. Western Pacific Wealth Management LP acquired a new position in shares of RTX in the third quarter valued at approximately $41,000. Modus Advisors LLC purchased a new stake in RTX during the 4th quarter worth approximately $39,000. ORG Wealth Partners LLC acquired a new stake in RTX during the 3rd quarter worth approximately $50,000. Finally, Mowery & Schoenfeld Wealth Management LLC grew its stake in shares of RTX by 20.1% in the third quarter. Mowery & Schoenfeld Wealth Management LLC now owns 514 shares of the company’s stock worth $62,000 after acquiring an additional 86 shares in the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Trading Up 0.1 %

NYSE:RTX opened at $129.08 on Monday. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. RTX Co. has a 52-week low of $88.90 and a 52-week high of $132.43. The stock’s 50 day moving average price is $119.14 and its 200 day moving average price is $119.40. The company has a market capitalization of $171.81 billion, a PE ratio of 36.36, a P/E/G ratio of 2.17 and a beta of 0.82.

RTX (NYSE:RTX) last announced its earnings results on Tuesday, January 28th. The company reported $1.54 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.19. RTX had a net margin of 5.91% and a return on equity of 12.45%. On average, research analysts anticipate that RTX Co. will post 6.12 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on RTX shares. Citigroup upgraded RTX from a “neutral” rating to a “buy” rating and increased their price objective for the company from $132.00 to $153.00 in a research note on Tuesday, January 21st. UBS Group lifted their price objective on RTX from $128.00 to $142.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Barclays upped their target price on shares of RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft upgraded shares of RTX from a “hold” rating to a “buy” rating and lifted their price target for the stock from $131.00 to $140.00 in a research note on Thursday, January 2nd. Finally, StockNews.com downgraded shares of RTX from a “buy” rating to a “hold” rating in a research report on Wednesday, January 29th. Six research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $163.07.

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.