Chicago Capital LLC Increases Stake in RTX Co. (NYSE:RTX)

Chicago Capital LLC increased its holdings in shares of RTX Co. (NYSE:RTX) by 3.5% during the fourth quarter, HoldingsChannel reports. The fund owned 16,971 shares of the company’s stock after buying an additional 578 shares during the period. Chicago Capital LLC’s holdings in RTX were worth $1,964,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. MidAtlantic Capital Management Inc. purchased a new position in shares of RTX in the 3rd quarter valued at about $29,000. Western Pacific Wealth Management LP acquired a new position in RTX during the third quarter worth about $41,000. Modus Advisors LLC purchased a new position in RTX in the fourth quarter valued at about $39,000. ORG Wealth Partners LLC purchased a new stake in shares of RTX during the 3rd quarter worth approximately $50,000. Finally, Mowery & Schoenfeld Wealth Management LLC grew its holdings in shares of RTX by 20.1% in the 3rd quarter. Mowery & Schoenfeld Wealth Management LLC now owns 514 shares of the company’s stock worth $62,000 after acquiring an additional 86 shares during the period. Institutional investors and hedge funds own 86.50% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on RTX. Deutsche Bank Aktiengesellschaft raised RTX from a “hold” rating to a “buy” rating and upped their target price for the company from $131.00 to $140.00 in a report on Thursday, January 2nd. Citigroup raised RTX from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $132.00 to $153.00 in a report on Tuesday, January 21st. UBS Group lifted their price objective on RTX from $128.00 to $142.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Barclays raised their price target on shares of RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 29th. Finally, JPMorgan Chase & Co. boosted their price target on RTX from $140.00 to $150.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Six equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, RTX presently has a consensus rating of “Moderate Buy” and a consensus price target of $163.07.

RTX Stock Up 0.1 %

Shares of NYSE:RTX opened at $129.08 on Monday. The company has a 50 day moving average of $119.14 and a two-hundred day moving average of $119.40. RTX Co. has a 52-week low of $88.90 and a 52-week high of $132.43. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $171.81 billion, a price-to-earnings ratio of 36.36, a price-to-earnings-growth ratio of 2.17 and a beta of 0.82.

RTX (NYSE:RTX) last released its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.19. RTX had a net margin of 5.91% and a return on equity of 12.45%. As a group, analysts forecast that RTX Co. will post 6.12 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 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.