Orrstown Financial Services Inc. Increases Stock Position in RTX Co. (NYSE:RTX)

Orrstown Financial Services Inc. boosted its holdings in RTX Co. (NYSE:RTX) by 1.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,099 shares of the company’s stock after buying an additional 134 shares during the period. Orrstown Financial Services Inc.’s holdings in RTX were worth $1,284,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. CX Institutional raised its position in shares of RTX by 21.9% in the fourth quarter. CX Institutional now owns 65,150 shares of the company’s stock worth $7,539,000 after buying an additional 11,706 shares in the last quarter. LRI Investments LLC grew its holdings in shares of 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 purchasing an additional 4,732 shares in the last quarter. Napa Wealth Management bought a new position in shares of RTX in the third quarter worth approximately $1,307,000. Czech National Bank lifted its position in RTX by 6.5% during the fourth quarter. Czech National Bank now owns 288,591 shares of the company’s stock valued at $33,396,000 after purchasing an additional 17,608 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of RTX by 16.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 78,994 shares of the company’s stock worth $9,510,000 after buying an additional 11,354 shares during the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on RTX. UBS Group lifted their price target on RTX from $128.00 to $142.00 and gave the stock a “neutral” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft upgraded RTX from a “hold” rating to a “buy” rating and boosted their target price for the stock from $131.00 to $140.00 in a research report on Thursday, January 2nd. Citigroup raised shares of RTX from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $132.00 to $153.00 in a research note on Tuesday, January 21st. JPMorgan Chase & Co. increased their target price on shares of RTX from $140.00 to $150.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, Royal Bank of Canada raised shares of RTX from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from $130.00 to $140.00 in a research note on Thursday, December 19th. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $160.20.

RTX Stock Down 0.6 %

Shares of NYSE RTX traded down $0.79 during mid-day trading on Wednesday, hitting $127.56. 691,835 shares of the stock traded hands, compared to its average volume of 4,393,509. The stock has a fifty day moving average price of $118.67 and a 200-day moving average price 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 cap of $169.78 billion, a price-to-earnings ratio of 36.57, a PEG ratio of 1.99 and a beta of 0.81. RTX Co. has a 52 week low of $88.90 and a 52 week high of $132.43.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 EPS for the quarter, topping the consensus estimate of $1.35 by $0.19. RTX had a net margin of 5.97% and a return on equity of 11.96%. Research analysts anticipate that RTX Co. will post 5.56 EPS for the current 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.