City Holding Co. Acquires 305 Shares of RTX Co. (NYSE:RTX)

City Holding Co. grew its position in RTX Co. (NYSE:RTX) by 2.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 14,061 shares of the company’s stock after acquiring an additional 305 shares during the period. City Holding Co.’s holdings in RTX were worth $1,627,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MidAtlantic Capital Management Inc. acquired a new stake in shares of RTX during the third quarter worth $29,000. Modus Advisors LLC acquired a new position in RTX during the fourth quarter worth $39,000. Western Pacific Wealth Management LP bought a new position in RTX in the 3rd quarter valued at about $41,000. Kimelman & Baird LLC purchased a new position in shares of RTX during the second quarter valued at approximately $46,000. Finally, ORG Wealth Partners LLC purchased a new stake in shares of RTX in the third quarter valued at about $50,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

RTX Price Performance

Shares of RTX stock opened at $121.30 on Monday. RTX Co. has a 1-year low of $84.43 and a 1-year high of $128.70. The stock’s 50-day moving average is $118.10 and its 200 day moving average is $117.69. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.99 and a quick ratio of 0.73. The company has a market cap of $161.45 billion, a P/E ratio of 34.66, a PEG ratio of 1.84 and a beta of 0.81.

RTX (NYSE:RTX) last issued its earnings results on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.34 by $0.11. The firm had revenue of $20.09 billion for the quarter, compared to analyst estimates of $19.84 billion. RTX had a return on equity of 11.96% and a net margin of 5.97%. RTX’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.25 earnings per share. Research analysts predict that RTX Co. will post 5.55 earnings per share for the current fiscal year.

Analyst Ratings Changes

RTX has been the topic of several research analyst reports. Citigroup upped their price objective on RTX from $122.00 to $132.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Barclays raised 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 upped their target price on shares of RTX from $140.00 to $151.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 8th. Royal Bank of Canada raised shares of RTX from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $130.00 to $140.00 in a research note on Thursday, December 19th. Finally, Susquehanna dropped their price objective on RTX from $150.00 to $139.00 and set a “positive” rating for the company in a research note on Wednesday, January 8th. Six analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock 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.