Financial Partners Group LLC Has $1.27 Million Holdings in RTX Co. (NYSE:RTX)

Financial Partners Group LLC raised its position in shares of RTX Co. (NYSE:RTX) by 20.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,940 shares of the company’s stock after buying an additional 1,858 shares during the period. Financial Partners Group LLC’s holdings in RTX were worth $1,266,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of RTX. MidAtlantic Capital Management Inc. bought a new position in RTX in the 3rd quarter valued at $29,000. Western Pacific Wealth Management LP bought a new position in shares of RTX in the third quarter valued at about $41,000. Modus Advisors LLC acquired a new position in RTX during the 4th quarter worth about $39,000. ORG Wealth Partners LLC bought a new stake in RTX during the 3rd quarter worth about $50,000. Finally, Kimelman & Baird LLC acquired a new stake in RTX in the 2nd quarter valued at about $46,000. Institutional investors own 86.50% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on RTX. Susquehanna reduced 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, January 8th. UBS Group increased their price objective on RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Barclays boosted their target price on RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft upgraded RTX from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $131.00 to $140.00 in a research report on Thursday, January 2nd. Finally, 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. Five research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $158.27.

RTX Price Performance

RTX stock opened at $126.34 on Friday. The stock has a 50-day moving average price of $118.25 and a two-hundred day moving average price of $118.12. RTX Co. has a 1 year low of $88.70 and a 1 year high of $128.70. The stock has a market cap of $168.17 billion, a PE ratio of 36.10, a price-to-earnings-growth ratio of 1.99 and a beta of 0.81. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.62.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.11. The business had revenue of $20.09 billion during 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%. RTX’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period last year, the company earned $1.25 earnings per share. Equities analysts forecast that RTX Co. will post 5.56 EPS for the current fiscal year.

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.