Ellsworth Advisors LLC Has $2.03 Million Stock Position in RTX Co. (NYSE:RTX)

Ellsworth Advisors LLC grew its stake in RTX Co. (NYSE:RTX) by 2.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 17,564 shares of the company’s stock after buying an additional 451 shares during the quarter. Ellsworth Advisors LLC’s holdings in RTX were worth $2,033,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in RTX. MidAtlantic Capital Management Inc. bought a new stake in shares of RTX in the third quarter valued at about $29,000. Western Pacific Wealth Management LP acquired a new stake in RTX in the 3rd quarter valued at approximately $41,000. Modus Advisors LLC bought a new stake in RTX in the 4th quarter valued at approximately $39,000. ORG Wealth Partners LLC acquired a new position in RTX during the 3rd quarter worth approximately $50,000. Finally, Kimelman & Baird LLC bought a new position in shares of RTX during the 2nd quarter worth approximately $46,000. Institutional investors own 86.50% of the company’s stock.

RTX Trading Up 0.7 %

Shares of RTX stock opened at $121.30 on Monday. RTX Co. has a 12-month low of $84.43 and a 12-month high of $128.70. The firm has a 50 day moving average price of $118.10 and a two-hundred day moving average price of $117.69. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $161.45 billion, a PE ratio of 34.66, a price-to-earnings-growth ratio of 1.84 and a beta of 0.81.

RTX (NYSE:RTX) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.11. The business had revenue of $20.09 billion during the quarter, compared to the consensus estimate of $19.84 billion. RTX had a return on equity of 11.96% and a net margin of 5.97%. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.25 EPS. As a group, analysts predict that RTX Co. will post 5.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on RTX shares. Deutsche Bank Aktiengesellschaft upgraded shares of RTX from a “hold” rating to a “buy” rating and lifted their price target for the company from $131.00 to $140.00 in a research note on Thursday, January 2nd. Barclays upped their target price on RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 29th. Wells Fargo & Company boosted their price target on RTX from $140.00 to $151.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 8th. UBS Group upped their price objective on RTX from $126.00 to $133.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Finally, Citigroup boosted their target price on shares of RTX from $122.00 to $132.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Six equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $156.87.

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.