RTX Co. (NYSE:RTX) Shares Acquired by Cyndeo Wealth Partners LLC

Cyndeo Wealth Partners LLC lifted its stake in shares of RTX Co. (NYSE:RTX) by 0.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,546 shares of the company’s stock after buying an additional 235 shares during the period. Cyndeo Wealth Partners LLC’s holdings in RTX were worth $3,419,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on RTX shares. TD Cowen raised shares of RTX to a “strong-buy” rating in a research note on Tuesday, October 8th. UBS Group lifted their price objective on RTX from $126.00 to $133.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Wells Fargo & Company boosted their price objective on RTX from $140.00 to $151.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 8th. Citigroup raised 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 research note on Tuesday. Finally, Morgan Stanley boosted their price target on shares of RTX from $120.00 to $130.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 23rd. Five investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, RTX has an average rating of “Moderate Buy” and a consensus target price of $158.27.

RTX Stock Performance

Shares of RTX stock opened at $125.23 on Friday. 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 firm has a market cap of $166.69 billion, a P/E ratio of 35.78, a P/E/G ratio of 1.99 and a beta of 0.81. The firm’s 50 day moving average price is $118.38 and its 200-day moving average price is $118.29. RTX Co. has a one year low of $88.90 and a one year high of $128.70.

RTX (NYSE:RTX) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.11. The company had revenue of $20.09 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.25 earnings per share. As a group, equities research analysts predict that RTX Co. will post 5.56 EPS for the current 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.