Marcum Wealth LLC Raises Stock Holdings in RTX Co. (NYSE:RTX)

Marcum Wealth LLC boosted its holdings in RTX Co. (NYSE:RTX) by 14.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,988 shares of the company’s stock after purchasing an additional 1,229 shares during the period. Marcum Wealth LLC’s holdings in RTX were worth $1,156,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. LRI Investments LLC increased its holdings in RTX by 6.5% during the third quarter. LRI Investments LLC now owns 77,543 shares of the company’s stock worth $9,221,000 after buying an additional 4,732 shares during the last quarter. Napa Wealth Management bought a new stake in shares of RTX in the 3rd quarter worth approximately $1,307,000. Czech National Bank lifted its stake in RTX by 6.5% in the fourth quarter. Czech National Bank now owns 288,591 shares of the company’s stock valued at $33,396,000 after purchasing an additional 17,608 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in RTX by 16.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 78,994 shares of the company’s stock valued at $9,510,000 after purchasing an additional 11,354 shares during the period. Finally, Kennebec Savings Bank purchased a new stake in RTX in the third quarter worth $953,000. Institutional investors own 86.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on RTX. TD Cowen upgraded RTX to a “strong-buy” rating in a research note on Tuesday, October 8th. Wells Fargo & Company increased their target price on shares of RTX from $140.00 to $151.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 8th. 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 report on Wednesday, October 23rd. Susquehanna cut their price objective on shares of RTX from $150.00 to $139.00 and set a “positive” rating for the company in a research report on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft raised shares of RTX from a “hold” rating to a “buy” rating and upped their price target for the stock from $131.00 to $140.00 in a report on Thursday, January 2nd. Six equities research 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. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $156.87.

RTX Stock Performance

NYSE:RTX opened at $117.85 on Tuesday. The company has a market capitalization of $156.86 billion, a price-to-earnings ratio of 33.67, a PEG ratio of 2.08 and a beta of 0.81. The business has a 50 day moving average of $118.18 and a 200 day moving average of $117.14. 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 $84.43 and a 1-year high of $128.70.

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

RTX Company 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.