KMG Fiduciary Partners LLC Increases Holdings in RTX Co. (NYSE:RTX)

KMG Fiduciary Partners LLC grew its holdings in RTX Co. (NYSE:RTX) by 0.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 81,969 shares of the company’s stock after acquiring an additional 487 shares during the quarter. RTX comprises 0.8% of KMG Fiduciary Partners LLC’s investment portfolio, making the stock its 29th biggest holding. KMG Fiduciary Partners LLC’s holdings in RTX were worth $9,485,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in RTX. Assenagon Asset Management S.A. raised its holdings in RTX by 545.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,478,784 shares of the company’s stock worth $286,845,000 after purchasing an additional 2,094,834 shares in the last quarter. Marshall Wace LLP grew its position in shares of RTX by 1,247.1% in the 2nd quarter. Marshall Wace LLP now owns 2,053,706 shares of the company’s stock valued at $206,172,000 after buying an additional 1,901,256 shares during the last quarter. International Assets Investment Management LLC raised its stake in RTX by 11,235.6% during the 3rd quarter. International Assets Investment Management LLC now owns 1,701,013 shares of the company’s stock worth $206,095,000 after acquiring an additional 1,686,007 shares in the last quarter. Fisher Asset Management LLC lifted its position in RTX by 4.8% in the third quarter. Fisher Asset Management LLC now owns 18,471,471 shares of the company’s stock valued at $2,238,004,000 after acquiring an additional 852,183 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its stake in RTX by 256.6% in the third quarter. Janus Henderson Group PLC now owns 976,527 shares of the company’s stock valued at $118,309,000 after acquiring an additional 702,699 shares in the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Morgan Stanley lifted their target price on 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 lifted their price target on RTX from $126.00 to $133.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Wells Fargo & Company increased their price objective on RTX from $140.00 to $151.00 and gave the company an “overweight” rating in a report on Wednesday, January 8th. Citigroup lifted their target price on shares of RTX from $122.00 to $132.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Finally, Barclays upped their price target on shares of RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 29th. Six analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, RTX currently has a consensus rating of “Moderate Buy” and an average price target of $156.87.

RTX Stock Performance

RTX opened at $120.38 on Friday. RTX Co. has a 1-year low of $84.43 and a 1-year high of $128.70. The stock has a market cap of $160.22 billion, a P/E ratio of 34.39, a P/E/G ratio of 1.84 and a beta of 0.81. The stock’s 50 day simple moving average is $118.14 and its 200 day simple moving average is $117.30. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.99 and a quick ratio of 0.73.

RTX (NYSE:RTX) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.11. The company had revenue of $20.09 billion for the quarter, compared to analysts’ expectations of $19.84 billion. RTX had a net margin of 5.97% and a return on equity of 11.96%. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period last year, the company earned $1.25 EPS. As a group, equities analysts anticipate 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.