Baker Tilly Wealth Management LLC Has $1.12 Million Position in RTX Co. (NYSE:RTX)

Baker Tilly Wealth Management LLC boosted its stake in RTX Co. (NYSE:RTX) by 6.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,662 shares of the company’s stock after buying an additional 610 shares during the quarter. Baker Tilly Wealth Management LLC’s holdings in RTX were worth $1,118,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in RTX. Marshall Wace LLP lifted its position in RTX by 1,247.1% during the 2nd quarter. Marshall Wace LLP now owns 2,053,706 shares of the company’s stock worth $206,172,000 after buying an additional 1,901,256 shares in the last quarter. International Assets Investment Management LLC lifted its position in RTX by 11,235.6% during the 3rd quarter. International Assets Investment Management LLC now owns 1,701,013 shares of the company’s stock valued at $206,095,000 after purchasing an additional 1,686,007 shares during the period. Fisher Asset Management LLC boosted its stake in shares of RTX by 4.8% in the 3rd quarter. Fisher Asset Management LLC now owns 18,471,471 shares of the company’s stock valued at $2,238,004,000 after purchasing an additional 852,183 shares during the last quarter. Hsbc Holdings PLC grew its position in shares of RTX by 47.9% during the 2nd quarter. Hsbc Holdings PLC now owns 2,448,780 shares of the company’s stock worth $246,300,000 after buying an additional 792,830 shares during the period. Finally, Janus Henderson Group PLC raised its stake in shares of RTX by 256.6% during the third quarter. Janus Henderson Group PLC now owns 976,527 shares of the company’s stock worth $118,309,000 after buying an additional 702,699 shares during the last quarter. Institutional investors own 86.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on RTX shares. Barclays upped their target price on shares of RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 29th. Citigroup increased their target price on shares of RTX from $122.00 to $132.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Morgan Stanley lifted their target price on RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 23rd. Wells Fargo & Company increased their price target on RTX from $140.00 to $151.00 and gave the stock an “overweight” rating in a report on Wednesday. Finally, Susquehanna cut their price objective on RTX from $150.00 to $139.00 and set a “positive” rating on the stock in a report on Wednesday. Six investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $156.87.

RTX Stock Down 0.1 %

Shares of NYSE:RTX traded down $0.07 during midday trading on Friday, reaching $115.85. The company had a trading volume of 616,920 shares, compared to its average volume of 3,056,910. The business’s 50 day moving average price is $118.26 and its 200 day moving average price is $116.71. RTX Co. has a 1-year low of $84.43 and a 1-year high of $128.70. 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 stock has a market cap of $154.20 billion, a PE ratio of 33.10, a P/E/G ratio of 2.08 and a beta of 0.81.

RTX (NYSE:RTX) last announced its quarterly earnings data 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. 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 analysts’ expectations of $19.84 billion. During the same quarter in the prior year, the business posted $1.25 EPS. The business’s revenue was up 6.0% compared to the same quarter last year. Research analysts forecast that RTX Co. will post 5.56 EPS for the current fiscal year.

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.