SteelPeak Wealth LLC Buys 615 Shares of RTX Co. (NYSE:RTX)

SteelPeak Wealth LLC increased its stake in RTX Co. (NYSE:RTX) by 12.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 5,476 shares of the company’s stock after acquiring an additional 615 shares during the period. SteelPeak Wealth LLC’s holdings in RTX were worth $634,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Geode Capital Management LLC raised its position in shares of RTX by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 27,263,780 shares of the company’s stock worth $3,290,622,000 after acquiring an additional 508,344 shares in the last quarter. Fisher Asset Management LLC raised its holdings in RTX by 4.8% in the third quarter. Fisher Asset Management LLC now owns 18,471,471 shares of the company’s stock worth $2,238,004,000 after purchasing an additional 852,183 shares in the last quarter. FMR LLC lifted its position in RTX by 8.7% during the third quarter. FMR LLC now owns 6,102,848 shares of the company’s stock valued at $739,421,000 after buying an additional 490,109 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of RTX by 2.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,886,614 shares of the company’s stock valued at $713,222,000 after buying an additional 140,697 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in shares of RTX by 1.3% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,937,660 shares of the company’s stock worth $355,927,000 after buying an additional 38,930 shares during the period. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

RTX Price Performance

NYSE RTX opened at $129.14 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.99 and a quick ratio of 0.73. RTX Co. has a 1-year low of $88.90 and a 1-year high of $132.43. The stock has a market capitalization of $171.89 billion, a price-to-earnings ratio of 36.90, a PEG ratio of 1.99 and a beta of 0.81. The business’s fifty day moving average price is $118.97 and its 200-day moving average price is $119.00.

RTX (NYSE:RTX) last released its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 EPS for the quarter, beating the consensus estimate of $1.35 by $0.19. RTX had a net margin of 5.97% and a return on equity of 11.96%. On average, equities analysts predict that RTX Co. will post 5.56 earnings per share for the current year.

Analyst Upgrades and Downgrades

RTX has been the subject of a number of recent research reports. Citigroup raised shares of RTX from a “neutral” rating to a “buy” rating and lifted their price target for the company from $132.00 to $153.00 in a research report on Tuesday, January 21st. TD Cowen raised RTX to a “strong-buy” rating in a research report on Tuesday, October 8th. StockNews.com lowered RTX from a “buy” rating to a “hold” rating in a research report on Wednesday. Barclays boosted 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. Finally, Royal Bank of Canada lifted their price target on RTX from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday. 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, the company currently has an average rating of “Moderate Buy” and a consensus target price of $163.07.

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.