RTX Co. (NYSE:RTX) Shares Acquired by Sivia Capital Partners LLC

Sivia Capital Partners LLC increased its holdings in RTX Co. (NYSE:RTX) by 2.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 3,588 shares of the company’s stock after buying an additional 102 shares during the quarter. Sivia Capital Partners LLC’s holdings in RTX were worth $415,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Cooper Financial Group lifted its stake in RTX by 4.6% in the 4th quarter. Cooper Financial Group now owns 12,507 shares of the company’s stock valued at $1,447,000 after buying an additional 550 shares in the last quarter. Wedmont Private Capital lifted its position in shares of RTX by 10.9% in the fourth quarter. Wedmont Private Capital now owns 16,625 shares of the company’s stock valued at $1,914,000 after acquiring an additional 1,630 shares in the last quarter. Agate Pass Investment Management LLC boosted its stake in shares of RTX by 45.0% in the fourth quarter. Agate Pass Investment Management LLC now owns 20,867 shares of the company’s stock worth $2,415,000 after acquiring an additional 6,475 shares during the last quarter. CHICAGO TRUST Co NA raised its stake in RTX by 11.2% in the 4th quarter. CHICAGO TRUST Co NA now owns 12,935 shares of the company’s stock valued at $1,497,000 after purchasing an additional 1,299 shares during the last quarter. Finally, Thomasville National Bank lifted its holdings in RTX by 1.7% in the 4th quarter. Thomasville National Bank now owns 208,419 shares of the company’s stock valued at $24,118,000 after purchasing an additional 3,558 shares in the last quarter. 86.50% of the stock is owned by hedge funds and other institutional investors.

RTX Trading Up 2.2 %

NYSE:RTX traded up $2.48 on Monday, reaching $117.59. 3,370,083 shares of the company’s stock were exchanged, compared to its average volume of 3,626,783. The firm has a market capitalization of $156.51 billion, a price-to-earnings ratio of 33.60, a price-to-earnings-growth ratio of 2.08 and a beta of 0.81. RTX Co. has a 52-week low of $84.43 and a 52-week high of $128.70. 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 business has a fifty day moving average of $118.18 and a 200-day moving average of $117.01.

RTX (NYSE:RTX) last released 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. The company had revenue of $20.09 billion for the quarter, compared to analyst estimates of $19.84 billion. RTX had a net margin of 5.97% and a return on equity of 11.96%. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.25 EPS. As a group, analysts expect that RTX Co. will post 5.56 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. TD Cowen upgraded shares of RTX to a “strong-buy” rating in a research report on Tuesday, October 8th. Wells Fargo & Company upped their price target on RTX from $140.00 to $151.00 and gave the company an “overweight” rating in a research report on Wednesday, January 8th. UBS Group raised their target price on RTX from $126.00 to $133.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Susquehanna lowered their price target on shares of RTX from $150.00 to $139.00 and set a “positive” rating on the stock in a research report on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of RTX from a “hold” rating to a “buy” rating and raised their price objective for the stock from $131.00 to $140.00 in a research report on Thursday, January 2nd. Six research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $156.87.

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.