Asset Planning Services Inc. LA ADV Has $7.13 Million Holdings in RTX Co. (NYSE:RTX)

Asset Planning Services Inc. LA ADV grew its holdings in shares of RTX Co. (NYSE:RTX) by 0.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 61,596 shares of the company’s stock after buying an additional 500 shares during the period. RTX accounts for about 3.5% of Asset Planning Services Inc. LA ADV’s investment portfolio, making the stock its 10th biggest holding. Asset Planning Services Inc. LA ADV’s holdings in RTX were worth $7,128,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Geode Capital Management LLC raised its position in shares of RTX by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 27,263,780 shares of the company’s stock worth $3,290,622,000 after buying an additional 508,344 shares in the last quarter. Fisher Asset Management LLC increased its stake in shares of RTX by 4.8% during the third quarter. Fisher Asset Management LLC now owns 18,471,471 shares of the company’s stock valued at $2,238,004,000 after acquiring an additional 852,183 shares during the period. Legal & General Group Plc raised its holdings in RTX by 4.4% during the second quarter. Legal & General Group Plc now owns 8,577,770 shares of the company’s stock worth $861,122,000 after purchasing an additional 362,340 shares in the last quarter. Ameriprise Financial Inc. lifted its position in RTX by 5.2% in the second quarter. Ameriprise Financial Inc. now owns 8,284,944 shares of the company’s stock worth $831,740,000 after purchasing an additional 408,551 shares during the period. Finally, FMR LLC boosted its stake in RTX by 8.7% during the 3rd quarter. FMR LLC now owns 6,102,848 shares of the company’s stock valued at $739,421,000 after purchasing an additional 490,109 shares in the last quarter. 86.50% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Barclays upped their price objective on RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a report on Tuesday, October 29th. UBS Group raised their price objective on shares of RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. 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 report on Wednesday, January 8th. Citigroup upgraded shares of RTX from a “neutral” rating to a “buy” rating and raised their target price for the stock from $132.00 to $153.00 in a report on Tuesday. Finally, Royal Bank of Canada raised RTX from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $130.00 to $140.00 in a report on Thursday, December 19th. Five research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $158.27.

RTX Stock Performance

Shares of RTX stock opened at $124.49 on Thursday. RTX Co. has a fifty-two week low of $87.96 and a fifty-two week high of $128.70. The stock’s 50-day moving average is $118.10 and its two-hundred day moving average is $118.06. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.99 and a quick ratio of 0.73. The firm has a market cap of $165.69 billion, a P/E ratio of 35.57, a PEG ratio of 2.01 and a beta of 0.81.

RTX (NYSE:RTX) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.11. The firm had revenue of $20.09 billion for the quarter, compared to the consensus estimate of $19.84 billion. RTX had a return on equity of 11.96% and a net margin of 5.97%. The firm’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.25 earnings per share. Analysts predict that RTX Co. will post 5.56 earnings per share for the current fiscal year.

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.