RTX Co. (NYSE:RTX) Stake Boosted by Empirical Financial Services LLC d.b.a. Empirical Wealth Management

Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its position in RTX Co. (NYSE:RTXFree Report) by 51.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 17,451 shares of the company’s stock after purchasing an additional 5,929 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in RTX were worth $2,019,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. MidAtlantic Capital Management Inc. purchased a new position in RTX during the 3rd quarter worth approximately $29,000. Western Pacific Wealth Management LP acquired a new stake in shares of RTX in the third quarter worth $41,000. Modus Advisors LLC purchased a new position in shares of RTX during the fourth quarter valued at $39,000. ORG Wealth Partners LLC purchased a new stake in RTX in the 3rd quarter worth about $50,000. Finally, Kimelman & Baird LLC acquired a new stake in RTX during the 2nd quarter worth about $46,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

RTX Price Performance

Shares of RTX stock opened at $124.72 on Tuesday. RTX Co. has a 1-year low of $88.90 and a 1-year high of $128.70. The firm has a fifty day simple moving average of $118.49 and a 200-day simple moving average of $118.70. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $166.00 billion, a price-to-earnings ratio of 35.63, a PEG ratio of 1.99 and a beta of 0.81.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on RTX. Wells Fargo & Company upped their target price on RTX from $140.00 to $151.00 and gave the company an “overweight” rating in a report on Wednesday, January 8th. TD Cowen upgraded shares of RTX to a “strong-buy” rating in a research report on Tuesday, October 8th. UBS Group upped their price target on shares of RTX from $126.00 to $133.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Susquehanna reduced their price objective on RTX from $150.00 to $139.00 and set a “positive” rating for the company in a research report on Wednesday, January 8th. Finally, Barclays upped 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. 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 company’s stock. According to data from MarketBeat.com, RTX presently has a consensus rating of “Moderate Buy” and a consensus price target of $158.27.

Read Our Latest Report on RTX

RTX Profile

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding RTX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for RTX Co. (NYSE:RTXFree Report).

Institutional Ownership by Quarter for RTX (NYSE:RTX)

Receive News & Ratings for RTX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RTX and related companies with MarketBeat.com's FREE daily email newsletter.