Marietta Wealth Management LLC Purchases 435 Shares of RTX Co. (NYSE:RTX)

Marietta Wealth Management LLC grew its holdings in shares of RTX Co. (NYSE:RTX) by 0.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 67,674 shares of the company’s stock after purchasing an additional 435 shares during the quarter. Marietta Wealth Management LLC’s holdings in RTX were worth $7,831,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in RTX. CX Institutional raised its position in RTX by 21.9% in the fourth quarter. CX Institutional now owns 65,150 shares of the company’s stock worth $7,539,000 after acquiring an additional 11,706 shares during the period. LRI Investments LLC raised its holdings in RTX by 6.5% in the 3rd quarter. LRI Investments LLC now owns 77,543 shares of the company’s stock worth $9,221,000 after purchasing an additional 4,732 shares during the period. Napa Wealth Management purchased a new position in RTX during the third quarter valued at $1,307,000. Czech National Bank grew its holdings in RTX by 6.5% during 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 period. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in RTX by 16.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 78,994 shares of the company’s stock worth $9,510,000 after buying an additional 11,354 shares in the last quarter. Institutional investors own 86.50% of the company’s stock.

RTX Stock Up 0.1 %

NYSE RTX opened at $129.08 on Friday. The stock has a 50 day moving average price of $119.14 and a 200-day moving average price of $119.20. RTX Co. has a one year low of $88.90 and a one year high of $132.43. The company has a market capitalization of $171.81 billion, a P/E ratio of 36.36, a P/E/G ratio of 1.99 and a beta of 0.81. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.73 and a current ratio of 0.99.

RTX (NYSE:RTX) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.19. RTX had a net margin of 5.91% and a return on equity of 12.45%. As a group, equities analysts predict that RTX Co. will post 6.1 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on RTX. 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 note on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft raised shares of RTX from a “hold” rating to a “buy” rating and increased their price objective for the stock from $131.00 to $140.00 in a research note on Thursday, January 2nd. Bank of America lifted their target price on shares of RTX from $145.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday. Royal Bank of Canada raised their price target on RTX from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. upped their price objective on RTX from $140.00 to $150.00 and gave the stock an “overweight” rating in a research note on Wednesday. Six investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $163.07.

RTX 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.