RTX Co. (NYSE:RTX) Shares Purchased by Hamilton Point Investment Advisors LLC

Hamilton Point Investment Advisors LLC increased its position in shares of RTX Co. (NYSE:RTX) by 0.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 120,667 shares of the company’s stock after buying an additional 1,134 shares during the period. RTX accounts for about 2.5% of Hamilton Point Investment Advisors LLC’s investment portfolio, making the stock its 7th largest holding. Hamilton Point Investment Advisors LLC’s holdings in RTX were worth $13,964,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. MidAtlantic Capital Management Inc. acquired a new position in RTX during the third quarter worth $29,000. Modus Advisors LLC bought a new stake in shares of RTX in the 4th quarter worth about $39,000. Western Pacific Wealth Management LP acquired a new stake in shares of RTX during the 3rd quarter worth about $41,000. ORG Wealth Partners LLC bought a new stake in RTX during the third quarter worth about $50,000. Finally, Mowery & Schoenfeld Wealth Management LLC grew its stake in RTX by 20.1% during the third quarter. Mowery & Schoenfeld Wealth Management LLC now owns 514 shares of the company’s stock worth $62,000 after buying an additional 86 shares during the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

RTX has been the topic of several recent analyst reports. Barclays boosted their target price on RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 29th. Vertical Research upgraded RTX to a “strong-buy” rating in a report on Tuesday. Royal Bank of Canada lifted their price target on RTX from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday. Citigroup upgraded shares of RTX from a “neutral” rating to a “buy” rating and upped their price target for the stock from $132.00 to $153.00 in a research report on Tuesday, January 21st. Finally, TD Cowen upgraded shares of RTX to a “strong-buy” rating in a research report on Tuesday, October 8th. Six investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $163.07.

RTX Price Performance

Shares of NYSE RTX opened at $129.14 on Friday. RTX Co. has a twelve month low of $88.90 and a twelve month high of $132.43. The company has a market cap of $171.89 billion, a PE ratio of 36.38, a price-to-earnings-growth ratio of 1.99 and a beta of 0.81. The business’s 50 day moving average price is $118.97 and its two-hundred day moving average price is $119.00. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 0.63.

RTX (NYSE:RTX) last announced its earnings results 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 5.91% and a return on equity of 12.45%. On average, analysts predict that RTX Co. will post 6.1 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.