Cliftonlarsonallen Wealth Advisors LLC Increases Holdings in RTX Co. (NYSE:RTX)

Cliftonlarsonallen Wealth Advisors LLC increased its position in shares of RTX Co. (NYSE:RTXFree Report) by 7.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 13,972 shares of the company’s stock after purchasing an additional 1,021 shares during the quarter. Cliftonlarsonallen Wealth Advisors LLC’s holdings in RTX were worth $1,617,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Acadian Asset Management LLC boosted its position in shares of RTX by 26.4% in the 2nd quarter. Acadian Asset Management LLC now owns 1,700 shares of the company’s stock worth $170,000 after buying an additional 355 shares in the last quarter. Federated Hermes Inc. lifted its holdings in shares of RTX by 36.1% in the second quarter. Federated Hermes Inc. now owns 9,613 shares of the company’s stock valued at $965,000 after purchasing an additional 2,552 shares in the last quarter. One Capital Management LLC lifted its holdings in shares of RTX by 115.7% in the second quarter. One Capital Management LLC now owns 6,768 shares of the company’s stock valued at $679,000 after purchasing an additional 3,631 shares in the last quarter. Edgestream Partners L.P. increased its stake in shares of RTX by 140.5% during the 2nd quarter. Edgestream Partners L.P. now owns 8,022 shares of the company’s stock worth $805,000 after purchasing an additional 4,686 shares in the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of RTX during the 2nd quarter worth approximately $5,623,000. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

RTX Trading Up 0.5 %

RTX stock traded up $0.55 during midday trading on Wednesday, reaching $120.02. The stock had a trading volume of 253,966 shares, compared to its average volume of 3,486,635. The stock has a market capitalization of $159.75 billion, a PE ratio of 34.29, a price-to-earnings-growth ratio of 2.08 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. The stock’s 50-day simple moving average is $118.18 and its 200 day simple moving average is $117.14. RTX Co. has a twelve month low of $84.43 and a twelve month high of $128.70.

RTX (NYSE:RTXGet Free Report) last issued its earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.11. RTX had a return on equity of 11.96% and a net margin of 5.97%. The business had revenue of $20.09 billion during the quarter, compared to analysts’ expectations of $19.84 billion. During the same quarter in the previous year, the business earned $1.25 EPS. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. Analysts expect that RTX Co. will post 5.56 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have weighed in on RTX shares. TD Cowen raised RTX to a “strong-buy” rating in a research report on Tuesday, October 8th. Royal Bank of Canada raised RTX from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $130.00 to $140.00 in a research note on Thursday, December 19th. Morgan Stanley boosted their target price on shares of RTX from $120.00 to $130.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft raised shares of RTX from a “hold” rating to a “buy” rating and raised their price target for the stock from $131.00 to $140.00 in a research note on Thursday, January 2nd. Finally, Citigroup upped their price objective on shares of RTX from $122.00 to $132.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Six research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, RTX has a consensus rating of “Moderate Buy” and an average target price of $156.87.

Get Our Latest Research Report on RTX

RTX Profile

(Free Report)

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.

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Institutional Ownership by Quarter for RTX (NYSE:RTX)

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