RTX Co. (NYSE:RTX) Shares Sold by LVM Capital Management Ltd. MI

LVM Capital Management Ltd. MI lowered its stake in RTX Co. (NYSE:RTX) by 6.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,727 shares of the company’s stock after selling 564 shares during the period. LVM Capital Management Ltd. MI’s holdings in RTX were worth $894,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Marshall Wace LLP boosted its holdings in RTX by 1,247.1% in the 2nd quarter. Marshall Wace LLP now owns 2,053,706 shares of the company’s stock valued at $206,172,000 after purchasing an additional 1,901,256 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of RTX by 11,235.6% in the 3rd quarter. International Assets Investment Management LLC now owns 1,701,013 shares of the company’s stock valued at $206,095,000 after buying an additional 1,686,007 shares during the period. Fisher Asset Management LLC boosted its stake in shares of RTX by 4.8% in the third quarter. Fisher Asset Management LLC now owns 18,471,471 shares of the company’s stock valued at $2,238,004,000 after buying an additional 852,183 shares in the last quarter. Hsbc Holdings PLC increased its holdings in shares of RTX by 47.9% in the 2nd quarter. Hsbc Holdings PLC now owns 2,448,780 shares of the company’s stock valued at $246,300,000 after purchasing an additional 792,830 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its position in shares of RTX by 256.6% during the 3rd quarter. Janus Henderson Group PLC now owns 976,527 shares of the company’s stock valued at $118,309,000 after acquiring an additional 702,699 shares during the period. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Trading Down 0.3 %

Shares of NYSE:RTX traded down $0.31 during trading on Friday, reaching $115.61. 1,602,033 shares of the stock were exchanged, compared to its average volume of 3,212,860. RTX Co. has a 12-month low of $84.43 and a 12-month high of $128.70. The firm’s 50-day moving average price is $118.26 and its 200 day moving average price is $116.71. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 0.99. The firm has a market cap of $153.88 billion, a price-to-earnings ratio of 33.03, a price-to-earnings-growth ratio of 2.08 and a beta of 0.81.

RTX (NYSE:RTX) last released 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 during the quarter, compared to analyst estimates of $19.84 billion. RTX had a net margin of 5.97% and a return on equity of 11.96%. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.25 earnings per share. On average, sell-side analysts anticipate that RTX Co. will post 5.56 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Royal Bank of Canada upgraded shares of 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. TD Cowen raised RTX to a “strong-buy” rating in a research note on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft raised RTX from a “hold” rating to a “buy” rating and boosted their price target for the stock from $131.00 to $140.00 in a report on Thursday, January 2nd. UBS Group increased their price objective on RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Finally, Morgan Stanley upped 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. Six investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, RTX currently has a consensus rating of “Moderate Buy” and an average price target of $156.87.

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.