Austin Private Wealth LLC Grows Position in RTX Co. (NYSE:RTX)

Austin Private Wealth LLC increased its position in RTX Co. (NYSE:RTX) by 13.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,531 shares of the company’s stock after buying an additional 552 shares during the quarter. Austin Private Wealth LLC’s holdings in RTX were worth $524,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. MidAtlantic Capital Management Inc. bought a new position in shares of RTX during the third quarter valued at about $29,000. Western Pacific Wealth Management LP purchased a new position in RTX during the 3rd quarter valued at about $41,000. Modus Advisors LLC purchased a new stake in RTX in the 4th quarter worth approximately $39,000. ORG Wealth Partners LLC bought a new stake in shares of RTX in the 3rd quarter worth approximately $50,000. Finally, Mowery & Schoenfeld Wealth Management LLC increased its stake in shares of RTX by 20.1% during the third quarter. Mowery & Schoenfeld Wealth Management LLC now owns 514 shares of the company’s stock valued at $62,000 after buying an additional 86 shares during the period. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on RTX. Citigroup raised RTX from a “neutral” rating to a “buy” rating and raised their price target for the stock 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 target for the stock from $131.00 to $140.00 in a research note on Thursday, January 2nd. UBS Group lifted their price objective on RTX from $128.00 to $142.00 and gave the company a “neutral” rating in a research report on Wednesday. Wells Fargo & Company increased their target price on RTX from $151.00 to $156.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, Susquehanna upped their price target on RTX from $139.00 to $147.00 and gave the stock a “positive” rating in a research note on Wednesday. Six investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $163.07.

RTX Price Performance

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

RTX (NYSE:RTX) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.19. RTX had a return on equity of 12.45% and a net margin of 5.91%. As a group, equities research analysts anticipate that RTX Co. will post 6.1 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.