Diversify Wealth Management LLC Acquires 3,123 Shares of RTX Co. (NYSE:RTX)

Diversify Wealth Management LLC boosted its holdings in RTX Co. (NYSE:RTX) by 9.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 37,316 shares of the company’s stock after buying an additional 3,123 shares during the period. Diversify Wealth Management LLC’s holdings in RTX were worth $4,295,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. 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 valued at $9,221,000 after acquiring an additional 4,732 shares in the last quarter. Napa Wealth Management bought a new position in RTX in the third quarter worth $1,307,000. Czech National Bank boosted its stake in RTX by 6.5% during the fourth quarter. Czech National Bank now owns 288,591 shares of the company’s stock worth $33,396,000 after buying an additional 17,608 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in RTX by 16.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 78,994 shares of the company’s stock valued at $9,510,000 after buying an additional 11,354 shares during the period. Finally, Empirical Asset Management LLC bought a new position in shares of RTX during the 4th quarter worth about $8,387,000. 86.50% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on RTX shares. Susquehanna dropped their price target 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. Citigroup raised their target price on RTX from $122.00 to $132.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Barclays increased their price objective on RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 29th. Royal Bank of Canada raised shares of RTX from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from $130.00 to $140.00 in a report on Thursday, December 19th. Finally, UBS Group lifted their price target on shares of RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Six investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, RTX has a consensus rating of “Moderate Buy” and an average price target of $156.87.

RTX Trading Up 0.7 %

NYSE RTX opened at $121.30 on Monday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.99 and a quick ratio of 0.73. The stock’s 50-day moving average is $118.10 and its 200-day moving average is $117.69. RTX Co. has a one year low of $84.43 and a one year high of $128.70. The firm has a market cap of $161.45 billion, a P/E ratio of 34.66, a P/E/G ratio of 1.84 and a beta of 0.81.

RTX (NYSE:RTX) last announced its earnings results 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 prior year, the business earned $1.25 EPS. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. Sell-side analysts anticipate that RTX Co. will post 5.55 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.