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

Marshall & Sullivan Inc. WA boosted its holdings in shares of RTX Co. (NYSE:RTX) by 2.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 39,590 shares of the company’s stock after acquiring an additional 1,016 shares during the period. RTX makes up approximately 2.2% of Marshall & Sullivan Inc. WA’s investment portfolio, making the stock its 25th largest holding. Marshall & Sullivan Inc. WA’s holdings in RTX were worth $3,878,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. IAG Wealth Partners LLC bought a new stake in shares of RTX in the first quarter valued at about $27,000. Quarry LP bought a new stake in shares of RTX in the first quarter valued at about $28,000. Pin Oak Investment Advisors Inc. lifted its holdings in shares of RTX by 60.5% in the fourth quarter. Pin Oak Investment Advisors Inc. now owns 353 shares of the company’s stock valued at $36,000 after purchasing an additional 133 shares in the last quarter. Rebalance LLC bought a new stake in shares of RTX in the fourth quarter valued at about $36,000. Finally, Tanglewood Legacy Advisors LLC bought a new stake in shares of RTX in the fourth quarter valued at about $41,000. 79.06% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

RTX has been the topic of several analyst reports. Royal Bank of Canada lowered RTX from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from $105.00 to $82.00 in a report on Tuesday, September 12th. Barclays lowered RTX from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $100.00 to $75.00 in a report on Tuesday, September 12th. JPMorgan Chase & Co. lowered their price target on RTX from $100.00 to $87.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 13th. TD Cowen lowered their price target on RTX from $109.00 to $99.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 12th. Finally, StockNews.com raised RTX from a “hold” rating to a “buy” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $94.06.

RTX Stock Down 0.8 %

NYSE RTX opened at $75.17 on Tuesday. The business has a fifty day moving average price of $86.75 and a two-hundred day moving average price of $93.86. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.10 and a quick ratio of 0.81. RTX Co. has a fifty-two week low of $73.62 and a fifty-two week high of $108.84. The stock has a market capitalization of $109.41 billion, a PE ratio of 19.94, a PEG ratio of 1.87 and a beta of 0.97.

RTX (NYSE:RTX) last released its 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. RTX had a return on equity of 9.98% and a net margin of 7.88%. The firm had revenue of $18.32 billion during the quarter, compared to analysts’ expectations of $17.68 billion. During the same period in the prior year, the company earned $1.16 earnings per share. The company’s quarterly revenue was up 12.3% on a year-over-year basis. Equities analysts expect that RTX Co. will post 4.99 earnings per share for the current fiscal year.

About RTX

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.