RTX Co. (NYSE:RTX) Shares Acquired by Merit Financial Group LLC

Merit Financial Group LLC raised its position in RTX Co. (NYSE:RTX - Free Report) by 18.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 63,768 shares of the company's stock after acquiring an additional 9,762 shares during the quarter. Merit Financial Group LLC's holdings in RTX were worth $7,379,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. LRI Investments LLC lifted its stake in shares of RTX by 6.5% in the third quarter. LRI Investments LLC now owns 77,543 shares of the company's stock worth $9,221,000 after acquiring an additional 4,732 shares in the last quarter. Napa Wealth Management purchased a new stake in RTX during the 3rd quarter worth approximately $1,307,000. Czech National Bank raised its position in shares of RTX by 6.5% in the 4th 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 in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of RTX by 16.8% during 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 last quarter. Finally, Empirical Asset Management LLC acquired a new stake in shares of RTX during the fourth quarter worth approximately $8,387,000. Hedge funds and other institutional investors own 86.50% of the company's stock.

RTX Stock Performance

RTX stock traded up $0.84 on Friday, reaching $121.30. The company's stock had a trading volume of 4,182,063 shares, compared to its average volume of 3,467,505. The firm has a fifty day moving average of $118.10 and a two-hundred day moving average of $117.57. 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 company has a market capitalization of $161.45 billion, a P/E ratio of 34.66, a price-to-earnings-growth ratio of 1.84 and a beta of 0.81. RTX Co. has a 52 week low of $84.43 and a 52 week high of $128.70.

RTX (NYSE:RTX - Get Free Report) last issued its quarterly earnings results on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, beating 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 return on equity of 11.96% and a net margin of 5.97%. The company's quarterly revenue was up 6.0% compared to the same quarter last year. During the same period last year, the company earned $1.25 earnings per share. As a group, analysts predict that RTX Co. will post 5.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on RTX shares. Wells Fargo & Company increased their price objective on shares of RTX from $140.00 to $151.00 and gave the company an "overweight" rating in a research note on Wednesday, January 8th. Morgan Stanley increased their price target on shares of RTX from $120.00 to $130.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 23rd. UBS Group boosted their price objective on RTX from $126.00 to $133.00 and gave the company a "neutral" rating in a report on Wednesday, October 23rd. Barclays increased their target price on RTX from $108.00 to $130.00 and gave the stock an "equal weight" rating in a report on Tuesday, October 29th. Finally, Deutsche Bank Aktiengesellschaft upgraded RTX from a "hold" rating to a "buy" rating and lifted their target price for the stock from $131.00 to $140.00 in a research report on Thursday, January 2nd. Six equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $156.87.

About RTX

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.