Dakota Wealth Management Lowers Stake in RTX Co. (NYSE:RTX)

Dakota Wealth Management decreased its position in RTX Co. (NYSE:RTX) by 0.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,289 shares of the company’s stock after selling 121 shares during the quarter. Dakota Wealth Management’s holdings in RTX were worth $3,736,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in RTX. Eads & Heald Wealth Management lifted its stake in RTX by 1.4% during the 4th quarter. Eads & Heald Wealth Management now owns 8,245 shares of the company’s stock worth $954,000 after acquiring an additional 115 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of RTX by 57.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 619,174 shares of the company’s stock valued at $71,651,000 after purchasing an additional 226,843 shares during the period. Traphagen Investment Advisors LLC grew its holdings in shares of RTX by 8.7% in the fourth quarter. Traphagen Investment Advisors LLC now owns 3,472 shares of the company’s stock valued at $402,000 after purchasing an additional 278 shares in the last quarter. Genesis Private Wealth LLC purchased a new stake in RTX during the 4th quarter worth approximately $280,000. Finally, Simon Quick Advisors LLC lifted its holdings in RTX by 16.9% during the 4th quarter. Simon Quick Advisors LLC now owns 6,239 shares of the company’s stock worth $722,000 after buying an additional 901 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

RTX has been the subject of several research reports. TD Cowen upgraded shares of RTX to a “strong-buy” rating in a research note on Tuesday, October 8th. Susquehanna lowered their target price on RTX from $150.00 to $139.00 and set a “positive” rating for the company in a research note on Wednesday, January 8th. Citigroup raised RTX from a “neutral” rating to a “buy” rating and increased their price target for the company from $132.00 to $153.00 in a research report on Tuesday. Royal Bank of Canada raised RTX from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from $130.00 to $140.00 in a research report on Thursday, December 19th. Finally, Morgan Stanley raised their target price on shares of RTX from $120.00 to $130.00 and gave the company an “equal weight” rating in a report on Wednesday, October 23rd. Five investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $158.27.

RTX Trading Down 1.0 %

NYSE RTX opened at $124.49 on Thursday. RTX Co. has a 12 month low of $87.96 and a 12 month high of $128.70. The company has a market capitalization of $165.69 billion, a price-to-earnings ratio of 35.57, a price-to-earnings-growth ratio of 2.01 and a beta of 0.81. 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 firm’s fifty day moving average price is $118.10 and its 200 day moving average price is $118.06.

RTX (NYSE:RTX) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.11. The company 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%. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.25 earnings per share. On average, sell-side analysts expect that RTX Co. will post 5.56 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.