Austin Private Wealth LLC Boosts Stock Holdings in RTX Co. (NYSE:RTX)

Austin Private Wealth LLC grew its position in shares of RTX Co. (NYSE:RTX) by 13.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,531 shares of the company’s stock after acquiring 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 and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of RTX. MidAtlantic Capital Management Inc. bought a new position in RTX in the 3rd quarter valued at $29,000. Modus Advisors LLC purchased a new stake in RTX during the fourth quarter worth about $39,000. Western Pacific Wealth Management LP purchased a new position in RTX in the third quarter valued at about $41,000. ORG Wealth Partners LLC bought a new position in shares of RTX during the 3rd quarter valued at approximately $50,000. Finally, Mowery & Schoenfeld Wealth Management LLC increased its stake in shares of RTX by 20.1% during the 3rd quarter. Mowery & Schoenfeld Wealth Management LLC now owns 514 shares of the company’s stock worth $62,000 after purchasing an additional 86 shares during the last quarter. 86.50% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on RTX shares. Wells Fargo & Company increased their price objective on RTX from $151.00 to $156.00 and gave the company an “overweight” rating in a report on Thursday. Bank of America boosted their price objective on RTX from $145.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft upgraded shares of 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 note on Thursday, January 2nd. TD Cowen raised shares of RTX to a “strong-buy” rating in a report on Tuesday, October 8th. Finally, Vertical Research raised shares of RTX to a “strong-buy” rating in a report on Tuesday. Six research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $163.07.

RTX Stock Up 0.1 %

Shares of NYSE:RTX opened at $129.08 on Friday. The firm has a market capitalization of $171.81 billion, a PE ratio of 36.36, a price-to-earnings-growth ratio of 1.99 and a beta of 0.81. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.73 and a current ratio of 0.99. RTX Co. has a 52-week low of $88.90 and a 52-week high of $132.43. The firm has a fifty day moving average of $119.14 and a 200 day moving average of $119.20.

RTX (NYSE:RTX) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 EPS for the quarter, beating 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, research analysts anticipate that RTX Co. will post 6.1 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.