Eads & Heald Wealth Management Acquires 115 Shares of RTX Co. (NYSE:RTX)

Eads & Heald Wealth Management boosted its holdings in shares of RTX Co. (NYSE:RTX) by 1.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,245 shares of the company’s stock after buying an additional 115 shares during the quarter. Eads & Heald Wealth Management’s holdings in RTX were worth $954,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Nisa Investment Advisors LLC increased its stake in shares of RTX by 57.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 619,174 shares of the company’s stock worth $71,651,000 after purchasing an additional 226,843 shares in the last quarter. Traphagen Investment Advisors LLC grew its holdings in RTX by 8.7% during the fourth quarter. Traphagen Investment Advisors LLC now owns 3,472 shares of the company’s stock valued at $402,000 after purchasing an additional 278 shares during the period. Genesis Private Wealth LLC purchased a new stake in RTX in the fourth quarter worth about $280,000. Simon Quick Advisors LLC raised its stake in shares of RTX by 16.9% in the fourth quarter. Simon Quick Advisors LLC now owns 6,239 shares of the company’s stock worth $722,000 after buying an additional 901 shares during the period. Finally, Beaumont Financial Advisors LLC lifted its position in shares of RTX by 2.1% during the 4th quarter. Beaumont Financial Advisors LLC now owns 11,660 shares of the company’s stock valued at $1,349,000 after buying an additional 243 shares in the last quarter. 86.50% of the stock is owned by hedge funds and other institutional investors.

RTX Stock Up 3.8 %

NYSE RTX opened at $125.75 on Wednesday. The stock has a 50 day moving average price of $118.08 and a 200-day moving average price of $118.01. RTX Co. has a one year low of $85.01 and a one year high of $128.70. The company has a market capitalization of $167.37 billion, a P/E ratio of 35.93, a P/E/G ratio of 1.93 and a beta of 0.81. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 0.99.

RTX (NYSE:RTX) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.11. The business had revenue of $20.09 billion during the quarter, compared to analysts’ expectations of $19.84 billion. RTX had a net margin of 5.97% and a return on equity of 11.96%. The business’s revenue was up 6.0% on a year-over-year basis. During the same period last year, the company posted $1.25 EPS. As a group, equities analysts predict that RTX Co. will post 5.56 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently issued reports on RTX. Deutsche Bank Aktiengesellschaft raised shares of RTX from a “hold” rating to a “buy” rating and increased their target price for the stock from $131.00 to $140.00 in a report on Thursday, January 2nd. TD Cowen raised shares of RTX to a “strong-buy” rating in a research note on Tuesday, October 8th. Barclays lifted their target price on shares of RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 29th. Citigroup upgraded RTX from a “neutral” rating to a “buy” rating and increased their price target for the stock from $132.00 to $153.00 in a research note on Tuesday. Finally, Morgan Stanley boosted their price objective on 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 issued a strong buy rating to the company. Based on data from MarketBeat, RTX currently has an average rating of “Moderate Buy” and a consensus target price of $158.27.

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.