Diversify Wealth Management LLC Grows Stake in RTX Co. (NYSE:RTX)

Diversify Wealth Management LLC increased its position in RTX Co. (NYSE:RTX - Free Report) by 9.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. LVW Advisors LLC increased its stake in RTX by 3.0% during the fourth quarter. LVW Advisors LLC now owns 11,207 shares of the company's stock worth $1,297,000 after acquiring an additional 329 shares during the last quarter. Terra Nova Asset Management LLC increased its position in shares of RTX by 37.3% during the 4th quarter. Terra Nova Asset Management LLC now owns 17,406 shares of the company's stock valued at $2,014,000 after purchasing an additional 4,731 shares during the last quarter. City Holding Co. raised its holdings in RTX by 2.2% during the 4th quarter. City Holding Co. now owns 14,061 shares of the company's stock valued at $1,627,000 after buying an additional 305 shares during the period. Ellsworth Advisors LLC lifted its position in RTX by 2.6% in the fourth quarter. Ellsworth Advisors LLC now owns 17,564 shares of the company's stock worth $2,033,000 after buying an additional 451 shares during the last quarter. Finally, Cascade Investment Group Inc. boosted its stake in RTX by 14.4% during the fourth quarter. Cascade Investment Group Inc. now owns 4,951 shares of the company's stock worth $573,000 after buying an additional 624 shares during the period. 86.50% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on RTX. Royal Bank of Canada upgraded shares of RTX from a "sector perform" rating to an "outperform" rating and raised their target price for the stock from $130.00 to $140.00 in a report on Thursday, December 19th. Susquehanna decreased their price objective on shares of RTX from $150.00 to $139.00 and set a "positive" rating for the company in a research note on Wednesday, January 8th. Citigroup upped their target price on RTX from $122.00 to $132.00 and gave the company a "neutral" rating in a research note on Thursday, October 10th. Deutsche Bank Aktiengesellschaft raised RTX from a "hold" rating to a "buy" rating and raised their price target for the stock from $131.00 to $140.00 in a research note on Thursday, January 2nd. Finally, Wells Fargo & Company upped their price objective on RTX from $140.00 to $151.00 and gave the company an "overweight" rating in a research report on Wednesday, January 8th. Six equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $156.87.

RTX Stock Up 0.7 %

Shares of NYSE RTX traded up $0.84 during midday trading on Monday, reaching $121.30. 4,182,063 shares of the company's stock traded hands, compared to its average volume of 3,467,505. The company has a market cap of $161.45 billion, a price-to-earnings ratio of 34.66, a P/E/G ratio of 1.84 and a beta of 0.81. RTX Co. has a one year low of $84.43 and a one year 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 stock's 50 day simple moving average is $118.10 and its 200-day simple moving average is $117.69.

RTX (NYSE:RTX - Get Free Report) last announced its earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.11. The business had revenue of $20.09 billion for the quarter, compared to analysts' expectations of $19.84 billion. RTX had a return on equity of 11.96% and a net margin of 5.97%. The business's revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.25 EPS. On average, analysts predict that RTX Co. will post 5.55 EPS for the current fiscal year.

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.