RTX Co. (NYSE:RTX) Shares Sold by Bar Harbor Wealth Management

Bar Harbor Wealth Management reduced its position in RTX Co. (NYSE:RTX) by 7.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 23,786 shares of the company’s stock after selling 1,894 shares during the period. Bar Harbor Wealth Management’s holdings in RTX were worth $2,753,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. MidAtlantic Capital Management Inc. acquired a new position in RTX during the third quarter worth approximately $29,000. Western Pacific Wealth Management LP acquired a new position in shares of RTX in the 3rd quarter valued at $41,000. Modus Advisors LLC purchased a new stake in RTX in the 4th quarter valued at $39,000. Fairfield Financial Advisors LTD acquired a new stake in RTX during the 2nd quarter worth $41,000. Finally, ORG Wealth Partners LLC purchased a new position in RTX during the 3rd quarter worth $50,000. 86.50% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on RTX shares. Citigroup raised their price target on RTX from $122.00 to $132.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. UBS Group lifted their target price on RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Barclays increased their price target on RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft raised shares of RTX from a “hold” rating to a “buy” rating and boosted their price objective for the company from $131.00 to $140.00 in a research note on Thursday, January 2nd. Finally, TD Cowen raised shares of RTX to a “strong-buy” rating in a report on Tuesday, October 8th. Six analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $156.87.

RTX Price Performance

NYSE:RTX traded up $2.74 during trading hours on Monday, reaching $117.85. 3,867,676 shares of the company traded hands, compared to its average volume of 3,641,217. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.99 and a quick ratio of 0.73. RTX Co. has a 1-year low of $84.43 and a 1-year high of $128.70. The firm’s 50-day moving average is $118.18 and its 200-day moving average is $117.01. The stock has a market cap of $156.86 billion, a P/E ratio of 33.67, a P/E/G ratio of 2.08 and a beta of 0.81.

RTX (NYSE:RTX) last announced its earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.11. The firm had revenue of $20.09 billion for 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%. RTX’s revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the business earned $1.25 earnings per share. Equities research analysts expect that RTX Co. will post 5.56 earnings per share 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.