Marshall & Sullivan Inc. WA Has $4.53 Million Stock Position in RTX Co. (NYSE:RTX)

Marshall & Sullivan Inc. WA grew its stake in RTX Co. (NYSE:RTX) by 0.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 39,156 shares of the company’s stock after buying an additional 263 shares during the period. RTX accounts for about 2.2% of Marshall & Sullivan Inc. WA’s holdings, making the stock its 25th largest position. Marshall & Sullivan Inc. WA’s holdings in RTX were worth $4,531,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Abound Wealth Management grew its stake in shares of RTX by 21.6% in the 4th quarter. Abound Wealth Management now owns 575 shares of the company’s stock valued at $66,000 after purchasing an additional 102 shares during the period. Sivia Capital Partners LLC boosted its stake in shares of RTX by 2.9% in the 4th quarter. Sivia Capital Partners LLC now owns 3,588 shares of the company’s stock valued at $415,000 after purchasing an additional 102 shares in the last quarter. Cooper Financial Group grew its holdings in shares of RTX by 4.6% in the 4th quarter. Cooper Financial Group now owns 12,507 shares of the company’s stock worth $1,447,000 after purchasing an additional 550 shares during the last quarter. Wedmont Private Capital lifted its holdings in RTX by 10.9% during the 4th quarter. Wedmont Private Capital now owns 16,625 shares of the company’s stock valued at $1,914,000 after purchasing an additional 1,630 shares during the last quarter. Finally, Agate Pass Investment Management LLC grew its stake in RTX by 45.0% during the fourth quarter. Agate Pass Investment Management LLC now owns 20,867 shares of the company’s stock worth $2,415,000 after buying an additional 6,475 shares during the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

Wall Street Analyst Weigh In

RTX has been the topic of a number of research analyst reports. Royal Bank of Canada upgraded RTX from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from $130.00 to $140.00 in a research report on Thursday, December 19th. 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 report on Thursday, January 2nd. Wells Fargo & Company increased their price target on shares of RTX from $140.00 to $151.00 and gave the company an “overweight” rating in a research note on Wednesday, January 8th. Citigroup lifted their target price on RTX from $122.00 to $132.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Finally, TD Cowen upgraded RTX to a “strong-buy” rating in a report on Tuesday, October 8th. Six equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $156.87.

RTX Trading Up 2.2 %

RTX stock traded up $2.57 during mid-day trading on Monday, hitting $117.68. 3,428,219 shares of the company’s stock were exchanged, compared to its average volume of 3,626,783. The company’s 50 day simple moving average is $118.18 and its 200-day simple moving average is $117.01. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $156.63 billion, a P/E ratio of 33.62, a PEG ratio of 2.08 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.

RTX (NYSE:RTX) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.11. RTX had a return on equity of 11.96% and a net margin of 5.97%. The company had revenue of $20.09 billion for the quarter, compared to analyst estimates of $19.84 billion. During the same quarter last year, the firm posted $1.25 earnings per share. RTX’s revenue was up 6.0% compared to the same quarter last year. On average, equities analysts anticipate that RTX Co. will post 5.56 earnings per share for the current year.

About RTX

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.