Baker Tilly Wealth Management LLC Acquires 610 Shares of RTX Co. (NYSE:RTX)

Baker Tilly Wealth Management LLC lifted its holdings in shares of RTX Co. (NYSE:RTX) by 6.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,662 shares of the company’s stock after acquiring an additional 610 shares during the quarter. Baker Tilly Wealth Management LLC’s holdings in RTX were worth $1,118,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in RTX. Marshall Wace LLP boosted its position in RTX by 1,247.1% during the second quarter. Marshall Wace LLP now owns 2,053,706 shares of the company’s stock worth $206,172,000 after purchasing an additional 1,901,256 shares during the period. International Assets Investment Management LLC lifted its stake in shares of 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 buying an additional 1,686,007 shares during the last quarter. Fisher Asset Management LLC grew its stake in RTX by 4.8% in the 3rd quarter. Fisher Asset Management LLC now owns 18,471,471 shares of the company’s stock valued at $2,238,004,000 after buying an additional 852,183 shares during the last quarter. Hsbc Holdings PLC raised its holdings in RTX by 47.9% in the 2nd quarter. Hsbc Holdings PLC now owns 2,448,780 shares of the company’s stock valued at $246,300,000 after acquiring an additional 792,830 shares during the period. Finally, Janus Henderson Group PLC lifted its position in RTX by 256.6% during the third quarter. Janus Henderson Group PLC now owns 976,527 shares of the company’s stock worth $118,309,000 after acquiring an additional 702,699 shares during the last quarter. 86.50% of the stock is owned by institutional investors and hedge funds.

RTX Trading Down 0.1 %

Shares of RTX stock traded down $0.07 during mid-day trading on Friday, reaching $115.85. 616,920 shares of the stock traded hands, compared to its average volume of 3,056,910. The stock’s fifty day simple moving average is $118.26 and its two-hundred day simple moving average is $116.71. The company has a market cap of $154.20 billion, a price-to-earnings ratio of 33.10, a price-to-earnings-growth ratio of 2.08 and a beta of 0.81. RTX Co. has a 1-year low of $84.43 and a 1-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.

RTX (NYSE:RTX) last announced its quarterly 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 firm had revenue of $20.09 billion during 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 company’s revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.25 EPS. On average, research analysts anticipate that RTX Co. will post 5.56 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on RTX shares. TD Cowen raised RTX to a “strong-buy” rating in a research report on Tuesday, October 8th. Royal Bank of Canada upgraded RTX from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from $130.00 to $140.00 in a research report on Thursday, December 19th. Morgan Stanley raised 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. Citigroup increased their price target on RTX from $122.00 to $132.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Finally, Wells Fargo & Company boosted their target price on shares of RTX from $140.00 to $151.00 and gave the company an “overweight” rating in a research report on Wednesday. Six research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, RTX has an average rating of “Moderate Buy” and a consensus price target of $156.87.

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.