RTX Co. (NYSE:RTX) Shares Sold by Gradient Investments LLC

Gradient Investments LLC lowered its holdings in RTX Co. (NYSE:RTX) by 6.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 119,521 shares of the company’s stock after selling 8,413 shares during the quarter. Gradient Investments LLC’s holdings in RTX were worth $13,831,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Harel Insurance Investments & Financial Services Ltd. grew its position in RTX by 4.8% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 441,079 shares of the company’s stock worth $51,042,000 after purchasing an additional 20,182 shares during the period. Exchange Traded Concepts LLC grew its holdings in RTX by 7.3% during the fourth quarter. Exchange Traded Concepts LLC now owns 90,506 shares of the company’s stock worth $10,473,000 after acquiring an additional 6,139 shares during the period. CX Institutional raised its position in RTX by 21.9% during the fourth quarter. CX Institutional now owns 65,150 shares of the company’s stock valued at $7,539,000 after acquiring an additional 11,706 shares in the last quarter. LexAurum Advisors LLC lifted its holdings in RTX by 5.6% in the fourth quarter. LexAurum Advisors LLC now owns 7,897 shares of the company’s stock valued at $914,000 after acquiring an additional 422 shares during the period. Finally, RFG Advisory LLC boosted its position in RTX by 1.4% in the 4th quarter. RFG Advisory LLC now owns 19,901 shares of the company’s stock worth $2,303,000 after purchasing an additional 284 shares in the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on RTX shares. TD Cowen raised shares of RTX to a “strong-buy” rating in a report on Tuesday, October 8th. Royal Bank of Canada raised shares of RTX from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from $130.00 to $140.00 in a report on Thursday, December 19th. Susquehanna lowered their target price on shares of RTX from $150.00 to $139.00 and set a “positive” rating on the stock in a research note on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft raised RTX from a “hold” rating to a “buy” rating and upped their price target for the stock from $131.00 to $140.00 in a report on Thursday, January 2nd. Finally, Morgan Stanley raised their price objective on 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 issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $158.27.

RTX Stock Performance

RTX opened at $125.23 on Friday. RTX Co. has a twelve month low of $88.90 and a twelve month high of $128.70. The firm has a market capitalization of $166.69 billion, a PE ratio of 35.78, a PEG ratio of 1.99 and a beta of 0.81. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.62. The firm’s 50-day moving average price is $118.38 and its 200 day moving average price is $118.29.

RTX (NYSE:RTX) last issued its earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.11. RTX had a return on equity of 11.96% and a net margin of 5.97%. The business had revenue of $20.09 billion for the quarter, compared to analysts’ expectations of $19.84 billion. During the same period in the previous year, the firm posted $1.25 EPS. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. As a group, sell-side analysts expect that RTX Co. will post 5.56 EPS for the current fiscal year.

RTX 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.