Marshall & Sullivan Inc. WA Buys 1,016 Shares of RTX Co. (NYSE:RTX)

Marshall & Sullivan Inc. WA increased its stake in RTX Co. (NYSE:RTX) by 2.6% during the second quarter, HoldingsChannel reports. The firm owned 39,590 shares of the company’s stock after acquiring an additional 1,016 shares during the period. RTX comprises approximately 2.2% of Marshall & Sullivan Inc. WA’s portfolio, making the stock its 25th biggest holding. Marshall & Sullivan Inc. WA’s holdings in RTX were worth $3,878,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Platform Technology Partners raised its holdings in shares of RTX by 0.9% in the 2nd quarter. Platform Technology Partners now owns 19,257 shares of the company’s stock worth $1,888,000 after purchasing an additional 171 shares during the period. First Bank & Trust grew its stake in RTX by 13.8% in the 2nd quarter. First Bank & Trust now owns 2,402 shares of the company’s stock valued at $235,000 after buying an additional 291 shares in the last quarter. Ignite Planners LLC grew its stake in RTX by 5.7% in the 2nd quarter. Ignite Planners LLC now owns 5,251 shares of the company’s stock valued at $512,000 after buying an additional 284 shares in the last quarter. Thrive Wealth Management LLC grew its stake in RTX by 9.0% in the 2nd quarter. Thrive Wealth Management LLC now owns 4,083 shares of the company’s stock valued at $400,000 after buying an additional 336 shares in the last quarter. Finally, LifePro Asset Management grew its stake in RTX by 18.9% in the 2nd quarter. LifePro Asset Management now owns 2,372 shares of the company’s stock valued at $232,000 after buying an additional 377 shares in the last quarter. Institutional investors own 79.06% of the company’s stock.

RTX Stock Performance

RTX stock opened at $75.17 on Tuesday. The company has a quick ratio of 0.81, a current ratio of 1.10 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $109.41 billion, a PE ratio of 19.94, a P/E/G ratio of 1.87 and a beta of 0.97. The firm has a fifty day simple moving average of $86.75 and a two-hundred day simple moving average of $93.86. RTX Co. has a twelve month low of $73.62 and a twelve month high of $108.84.

RTX (NYSE:RTX) last posted its quarterly earnings results on Tuesday, July 25th. The company reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.11. The business had revenue of $18.32 billion during the quarter, compared to the consensus estimate of $17.68 billion. RTX had a net margin of 7.88% and a return on equity of 9.98%. The firm’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.16 earnings per share. Research analysts expect that RTX Co. will post 4.99 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently weighed in on RTX. Morgan Stanley reiterated an “equal weight” rating and issued a $95.00 price objective (down from $110.00) on shares of RTX in a research note on Wednesday, July 26th. Barclays lowered shares of RTX from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $100.00 to $75.00 in a research report on Tuesday, September 12th. DZ Bank lowered shares of RTX from a “buy” rating to a “hold” rating and set a $79.00 price target for the company. in a research report on Thursday, September 14th. StockNews.com upgraded shares of RTX from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, Susquehanna reduced their price target on shares of RTX from $117.00 to $110.00 in a research report on Wednesday, July 26th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $94.06.

RTX Company Profile

RTX Corporation, an aerospace and defense company, provides systems and services for the commercial, military, and government customers worldwide. It operates through four segments: Collins Aerospace, Pratt & Whitney, Raytheon Intelligence & Space, and Raytheon Missiles & Defense. The Collins Aerospace Systems segment offers aerospace and defense products, and aftermarket service solutions for aircraft manufacturers and airlines, as well as regional, business, and general aviation; and for defense and commercial space operations.