2,248 Shares in RTX Co. (NYSE:RTX) Bought by OLIO Financial Planning

OLIO Financial Planning purchased a new stake in RTX Co. (NYSE:RTX) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,248 shares of the company’s stock, valued at approximately $260,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. MidAtlantic Capital Management Inc. acquired a new stake in RTX during the third quarter worth about $29,000. Modus Advisors LLC acquired a new stake in shares of RTX during the 4th quarter worth approximately $39,000. Western Pacific Wealth Management LP acquired a new position in shares of RTX in the 3rd quarter valued at $41,000. Kimelman & Baird LLC purchased a new stake in RTX during the second quarter worth $46,000. Finally, ORG Wealth Partners LLC acquired a new stake in RTX during the third quarter valued at $50,000. 86.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. UBS Group upped their price objective on shares of RTX from $126.00 to $133.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Royal Bank of Canada upgraded RTX from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from $130.00 to $140.00 in a research report on Thursday, December 19th. Citigroup upgraded RTX from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $132.00 to $153.00 in a research report on Tuesday, January 21st. Wells Fargo & Company increased their target price on RTX from $140.00 to $151.00 and gave the company an “overweight” rating in a research report on Wednesday, January 8th. Finally, Susquehanna cut their price target on shares of RTX from $150.00 to $139.00 and set a “positive” rating for the company in a report on Wednesday, January 8th. Five research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, RTX presently has a consensus rating of “Moderate Buy” and an average price target of $158.27.

RTX Stock Down 0.8 %

Shares of NYSE RTX opened at $125.23 on Monday. 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 company has a 50-day moving average of $118.38 and a 200 day moving average of $118.54. RTX Co. has a 12-month low of $88.90 and a 12-month high of $128.70. The stock has a market cap of $166.69 billion, a PE ratio of 35.78, a P/E/G ratio of 1.99 and a beta of 0.81.

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.