Aspiriant LLC Purchases 594 Shares of RTX Co. (NYSE:RTX)

Aspiriant LLC grew its position in RTX Co. (NYSE:RTX) by 5.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,863 shares of the company’s stock after acquiring an additional 594 shares during the quarter. Aspiriant LLC’s holdings in RTX were worth $1,257,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. MidAtlantic Capital Management Inc. acquired a new stake in RTX during the 3rd quarter valued at $29,000. Modus Advisors LLC acquired a new stake in RTX during the 4th quarter valued at $39,000. Western Pacific Wealth Management LP acquired a new stake in RTX during the 3rd 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 acquired a new stake in RTX during the 3rd quarter valued at $50,000. Institutional investors own 86.50% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on RTX shares. Wells Fargo & Company raised their price target on RTX from $140.00 to $151.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 8th. Royal Bank of Canada raised 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 research note on Thursday, December 19th. Barclays lifted their price target on RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft raised RTX from a “hold” rating to a “buy” rating and lifted their price target for the company from $131.00 to $140.00 in a research note on Thursday, January 2nd. Finally, Citigroup lifted their price target on RTX from $122.00 to $132.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Six equities 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.com, the company has a consensus rating of “Moderate Buy” and an average price target of $156.87.

RTX Stock Performance

NYSE RTX opened at $121.30 on Tuesday. RTX Co. has a 1 year low of $84.43 and a 1 year 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. The firm has a market cap of $161.45 billion, a price-to-earnings ratio of 34.66, a PEG ratio of 1.93 and a beta of 0.81. The company has a fifty day moving average price of $118.03 and a 200-day moving average price of $117.84.

RTX (NYSE:RTX) last posted its earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.11. The firm had revenue of $20.09 billion during the quarter, compared to the consensus estimate 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 quarter last year, the company earned $1.25 earnings per share. As a group, equities research analysts predict that RTX Co. will post 5.56 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.