RTX Co. (NYSE:RTX) Shares Purchased by City Holding Co.

City Holding Co. grew its stake in RTX Co. (NYSE:RTX) by 2.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 14,061 shares of the company’s stock after buying an additional 305 shares during the quarter. City Holding Co.’s holdings in RTX were worth $1,627,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. MidAtlantic Capital Management Inc. acquired a new stake in RTX during the 3rd quarter worth approximately $29,000. Modus Advisors LLC acquired a new stake in shares of RTX in the 4th quarter worth approximately $39,000. Western Pacific Wealth Management LP purchased a new position in shares of RTX in the third quarter valued at $41,000. Kimelman & Baird LLC acquired a new stake in RTX during the 2nd quarter valued at $46,000. Finally, ORG Wealth Partners LLC purchased a new position in RTX in the 3rd quarter valued at about $50,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Trading Up 0.7 %

Shares of NYSE RTX opened at $121.30 on Monday. The company’s 50 day simple moving average is $118.10 and its 200 day simple moving average is $117.69. The firm has a market capitalization of $161.45 billion, a P/E ratio of 34.66, a P/E/G ratio of 1.84 and a beta of 0.81. RTX Co. has a fifty-two week low of $84.43 and a fifty-two week high of $128.70. 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 issued its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, topping the consensus estimate of $1.34 by $0.11. The business had revenue of $20.09 billion for the quarter, compared to the consensus estimate of $19.84 billion. RTX had a return on equity of 11.96% and a net margin of 5.97%. The firm’s revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.25 EPS. On average, analysts predict that RTX Co. will post 5.55 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on RTX shares. Royal Bank of Canada upgraded RTX from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $130.00 to $140.00 in a report on Thursday, December 19th. Susquehanna lowered their price objective on shares of RTX from $150.00 to $139.00 and set a “positive” rating for the company in a research report on Wednesday, January 8th. Barclays increased their price target on RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a report on Tuesday, October 29th. Morgan Stanley upped their target price on shares of RTX from $120.00 to $130.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 23rd. Finally, Wells Fargo & Company lifted their price objective on shares of RTX from $140.00 to $151.00 and gave the stock an “overweight” rating in a report on Wednesday, January 8th. Six research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, RTX presently has a consensus rating of “Moderate Buy” and an average target price of $156.87.

RTX Company 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.