Clarity Financial LLC Grows Stock Holdings in RTX Co. (NYSE:RTX)

Clarity Financial LLC increased its stake in RTX Co. (NYSE:RTX) by 0.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 91,084 shares of the company’s stock after purchasing an additional 583 shares during the quarter. RTX accounts for 1.3% of Clarity Financial LLC’s portfolio, making the stock its 29th largest position. Clarity Financial LLC’s holdings in RTX were worth $10,540,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Strategic Investment Solutions Inc. IL bought a new stake in RTX during the second quarter valued at approximately $132,000. Newbridge Financial Services Group Inc. grew its position in shares of RTX by 6.4% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 2,662 shares of the company’s stock valued at $267,000 after acquiring an additional 159 shares during the period. Mattson Financial Services LLC purchased a new stake in shares of RTX in the 2nd quarter worth $1,257,000. Abacus Planning Group Inc. raised its holdings in RTX by 7.8% in the 3rd quarter. Abacus Planning Group Inc. now owns 2,986 shares of the company’s stock worth $362,000 after purchasing an additional 215 shares during the period. Finally, Massmutual Trust Co. FSB ADV lifted its position in RTX by 2.6% during the third quarter. Massmutual Trust Co. FSB ADV now owns 240,719 shares of the company’s stock valued at $29,166,000 after purchasing an additional 6,097 shares in the last quarter. Institutional investors own 86.50% of the company’s stock.

RTX Stock Performance

NYSE:RTX opened at $129.14 on Friday. The company has a market cap of $171.89 billion, a price-to-earnings ratio of 36.38, a PEG ratio of 1.99 and a beta of 0.81. RTX Co. has a 1 year low of $88.90 and a 1 year high of $132.43. The stock’s 50 day simple moving average is $118.97 and its two-hundred day simple moving average is $119.00. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.73.

RTX (NYSE:RTX) last released its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 EPS for the quarter, beating 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, equities analysts anticipate that RTX Co. will post 6.1 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently commented on RTX. TD Cowen raised RTX to a “strong-buy” rating in a research note on Tuesday, October 8th. StockNews.com downgraded shares of RTX from a “buy” rating to a “hold” rating in a report on Wednesday. Royal Bank of Canada upped their price target on shares of RTX from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday. Bank of America lifted their target price on shares of RTX from $145.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. increased their price target on RTX from $140.00 to $150.00 and gave the stock an “overweight” rating in a research note on Wednesday. Six analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $163.07.

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.