Kathmere Capital Management LLC Buys 1,322 Shares of RTX Co. (NYSE:RTX)

Kathmere Capital Management LLC grew its stake in shares of RTX Co. (NYSE:RTX) by 24.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,761 shares of the company’s stock after buying an additional 1,322 shares during the quarter. Kathmere Capital Management LLC’s holdings in RTX were worth $782,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. MidAtlantic Capital Management Inc. bought a new stake in RTX during the 3rd quarter worth $29,000. Modus Advisors LLC bought a new stake in shares of RTX during the fourth quarter worth about $39,000. Western Pacific Wealth Management LP acquired a new position in shares of RTX in the third quarter valued at approximately $41,000. Kimelman & Baird LLC bought a new position in RTX in the 2nd quarter valued at approximately $46,000. Finally, ORG Wealth Partners LLC acquired a new stake in RTX during the 3rd quarter worth approximately $50,000. Institutional investors own 86.50% of the company’s stock.

RTX Trading Down 0.3 %

NYSE:RTX opened at $119.07 on Thursday. RTX Co. has a 12 month low of $84.43 and a 12 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. The stock has a market capitalization of $158.48 billion, a price-to-earnings ratio of 34.02, a PEG ratio of 2.08 and a beta of 0.81. The firm has a fifty day simple moving average of $118.19 and a two-hundred day simple moving average of $117.27.

RTX (NYSE:RTX) last issued its earnings results on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.34 by $0.11. The business had revenue of $20.09 billion during the quarter, compared to analyst estimates 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 previous year, the company posted $1.25 EPS. Analysts expect that RTX Co. will post 5.56 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on RTX. Susquehanna decreased their price target on shares of RTX from $150.00 to $139.00 and set a “positive” rating for the company in a research report on Wednesday, January 8th. Barclays raised 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. TD Cowen upgraded RTX to a “strong-buy” rating in a research report on Tuesday, October 8th. Morgan Stanley raised their price objective on RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 23rd. Finally, Citigroup upped their target price on RTX from $122.00 to $132.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Six analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, RTX has a consensus rating of “Moderate Buy” and an average price target of $156.87.

RTX 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.