Clear Creek Financial Management LLC Has $296,000 Holdings in RTX Co. (NYSE:RTX)

Clear Creek Financial Management LLC grew its holdings in shares of RTX Co. (NYSE:RTX) by 17.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,555 shares of the company’s stock after acquiring an additional 374 shares during the quarter. Clear Creek Financial Management LLC’s holdings in RTX were worth $296,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in RTX. CX Institutional boosted its position in RTX by 21.9% in the fourth quarter. CX Institutional now owns 65,150 shares of the company’s stock valued at $7,539,000 after buying an additional 11,706 shares in the last quarter. LRI Investments LLC boosted its holdings in shares of RTX by 6.5% during the 3rd quarter. LRI Investments LLC now owns 77,543 shares of the company’s stock valued at $9,221,000 after acquiring an additional 4,732 shares in the last quarter. Napa Wealth Management bought a new stake in RTX during the 3rd quarter worth $1,307,000. Czech National Bank increased its holdings in RTX by 6.5% in the 4th quarter. Czech National Bank now owns 288,591 shares of the company’s stock worth $33,396,000 after purchasing an additional 17,608 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in RTX by 16.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 78,994 shares of the company’s stock valued at $9,510,000 after purchasing an additional 11,354 shares during the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

RTX Stock Up 0.1 %

Shares of NYSE RTX opened at $129.08 on Monday. RTX Co. has a 12-month low of $88.90 and a 12-month high of $132.43. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. The firm has a market cap of $171.81 billion, a PE ratio of 36.36, a P/E/G ratio of 1.99 and a beta of 0.81. The company’s fifty day simple moving average is $119.14 and its 200 day simple moving average is $119.40.

RTX (NYSE:RTX) last issued its earnings results 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 return on equity of 12.45% and a net margin of 5.91%. As a group, sell-side analysts forecast that RTX Co. will post 6.1 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on RTX shares. Morgan Stanley upped their price objective on RTX from $130.00 to $135.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 29th. JPMorgan Chase & Co. raised their price target on shares of RTX from $140.00 to $150.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Barclays boosted their price objective 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. UBS Group lifted their target price on RTX from $128.00 to $142.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Finally, Wells Fargo & Company increased their price target on RTX from $151.00 to $156.00 and gave the company an “overweight” rating in a research note on Thursday. Six analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, RTX presently has an average rating of “Moderate Buy” and an average target price of $163.07.

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.