Clarius Group LLC Boosts Stake in RTX Co. (NYSE:RTX)

Clarius Group LLC boosted its position in shares of RTX Co. (NYSE:RTX) by 9.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,474 shares of the company’s stock after buying an additional 699 shares during the period. Clarius Group LLC’s holdings in RTX were worth $981,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in RTX. Joule Financial LLC grew its holdings in shares of RTX by 3.1% in the fourth quarter. Joule Financial LLC now owns 3,256 shares of the company’s stock valued at $377,000 after purchasing an additional 97 shares in the last quarter. Aaron Wealth Advisors LLC lifted its position in RTX by 9.9% during the fourth quarter. Aaron Wealth Advisors LLC now owns 9,480 shares of the company’s stock valued at $1,097,000 after purchasing an additional 855 shares during the last quarter. Sandy Cove Advisors LLC grew its stake in shares of RTX by 8.1% in the 4th quarter. Sandy Cove Advisors LLC now owns 3,175 shares of the company’s stock worth $367,000 after buying an additional 238 shares in the last quarter. Wealth Alliance Advisory Group LLC increased its holdings in shares of RTX by 19.7% in the 4th quarter. Wealth Alliance Advisory Group LLC now owns 17,281 shares of the company’s stock worth $2,000,000 after buying an additional 2,840 shares during the last quarter. Finally, Moss Adams Wealth Advisors LLC raised its position in shares of RTX by 5.8% during the 4th quarter. Moss Adams Wealth Advisors LLC now owns 4,177 shares of the company’s stock valued at $483,000 after buying an additional 229 shares in the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Stock Up 0.7 %

Shares of NYSE RTX opened at $121.30 on Friday. RTX Co. has a 52-week low of $84.43 and a 52-week high of $128.70. The firm has a market capitalization of $161.45 billion, a price-to-earnings ratio of 34.66, a PEG ratio of 1.84 and a beta of 0.81. The stock has a 50 day moving average price of $118.10 and a 200 day moving average price of $117.57. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 0.99.

RTX (NYSE:RTX) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.25 EPS. Sell-side analysts expect that RTX Co. will post 5.55 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently commented on the company. Susquehanna reduced their price objective on RTX from $150.00 to $139.00 and set a “positive” rating on the stock in a research note 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. 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 research note on Wednesday, January 8th. Royal Bank of Canada upgraded shares of RTX from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from $130.00 to $140.00 in a research report on Thursday, December 19th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of RTX from a “hold” rating to a “buy” rating and raised their target price for the stock from $131.00 to $140.00 in a report on Thursday, January 2nd. Six equities 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 company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.