Capital Asset Advisory Services LLC Acquires 564 Shares of RTX Co. (NYSE:RTX)

Capital Asset Advisory Services LLC raised its position in RTX Co. (NYSE:RTX) by 2.1% during the fourth quarter, Holdings Channel reports. The fund owned 27,982 shares of the company’s stock after acquiring an additional 564 shares during the period. Capital Asset Advisory Services LLC’s holdings in RTX were worth $3,242,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. Avestar Capital LLC increased its holdings in shares of RTX by 0.6% in the third quarter. Avestar Capital LLC now owns 14,461 shares of the company’s stock valued at $1,752,000 after purchasing an additional 85 shares during the period. Arbor Wealth Advisors LLC boosted its position in RTX by 3.7% during the fourth quarter. Arbor Wealth Advisors LLC now owns 2,382 shares of the company’s stock worth $276,000 after purchasing an additional 85 shares in the last quarter. Mowery & Schoenfeld Wealth Management LLC boosted its position 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 purchasing an additional 86 shares in the last quarter. Blackston Financial Advisory Group LLC boosted its position in RTX by 3.7% during the third quarter. Blackston Financial Advisory Group LLC now owns 2,403 shares of the company’s stock worth $291,000 after purchasing an additional 86 shares in the last quarter. Finally, Traveka Wealth LLC lifted its position in shares of RTX by 3.2% in the fourth quarter. Traveka Wealth LLC now owns 2,789 shares of the company’s stock valued at $323,000 after acquiring an additional 86 shares in the last quarter. Institutional investors own 86.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on RTX. UBS Group raised their target price on RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft raised RTX from a “hold” rating to a “buy” rating and raised their target price for the stock from $131.00 to $140.00 in a research note on Thursday, January 2nd. TD Cowen raised RTX to a “strong-buy” rating in a research note on Tuesday, October 8th. Royal Bank of Canada raised RTX from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $130.00 to $140.00 in a research note on Thursday, December 19th. Finally, 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, January 21st. Five investment 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, RTX presently has an average rating of “Moderate Buy” and a consensus target price of $158.27.

RTX Trading Down 0.8 %

Shares of NYSE RTX opened at $125.23 on Monday. The stock has a market capitalization of $166.69 billion, a PE ratio of 35.78, a PEG ratio of 1.99 and a beta of 0.81. The stock has a fifty day simple moving average of $118.38 and a 200-day simple moving average of $118.54. RTX Co. has a twelve month low of $88.90 and a twelve month high of $128.70. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.62.

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.