RTX Co. (NYSE:RTX) Shares Sold by Emprise Bank

Emprise Bank cut its position in RTX Co. (NYSE:RTXFree Report) by 3.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 7,189 shares of the company’s stock after selling 277 shares during the period. Emprise Bank’s holdings in RTX were worth $832,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Acadian Asset Management LLC lifted its position in RTX by 26.4% during the second quarter. Acadian Asset Management LLC now owns 1,700 shares of the company’s stock worth $170,000 after buying an additional 355 shares in the last quarter. Federated Hermes Inc. lifted its position in RTX by 36.1% during the second quarter. Federated Hermes Inc. now owns 9,613 shares of the company’s stock worth $965,000 after buying an additional 2,552 shares in the last quarter. Parallel Advisors LLC lifted its position in RTX by 1.1% during the second quarter. Parallel Advisors LLC now owns 34,379 shares of the company’s stock worth $3,451,000 after buying an additional 381 shares in the last quarter. Thoroughbred Financial Services LLC lifted its position in RTX by 33.1% during the second quarter. Thoroughbred Financial Services LLC now owns 16,370 shares of the company’s stock worth $1,643,000 after buying an additional 4,070 shares in the last quarter. Finally, Diversify Wealth Management LLC purchased a new position in RTX during the second quarter worth approximately $3,429,000. 86.50% of the stock is owned by institutional investors and hedge funds.

RTX Stock Up 1.7 %

Shares of NYSE:RTX traded up $1.91 on Monday, hitting $117.02. 1,575,316 shares of the company’s stock were exchanged, compared to its average volume of 3,370,580. The firm’s 50-day moving average is $118.18 and its 200 day moving average is $117.01. The company has a market capitalization of $155.76 billion, a PE ratio of 33.43, a P/E/G ratio of 2.08 and a beta of 0.81. RTX Co. has a 1-year low of $84.43 and a 1-year high of $128.70. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 0.99.

RTX (NYSE:RTXGet Free Report) last posted its earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $19.84 billion. During the same period in the previous year, the business earned $1.25 EPS. The business’s quarterly revenue was up 6.0% on a year-over-year basis. Sell-side analysts predict that RTX Co. will post 5.56 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Barclays lifted their target price on RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 29th. Wells Fargo & Company lifted their target price on RTX from $140.00 to $151.00 and gave the company an “overweight” rating in a research report on Wednesday, January 8th. Royal Bank of Canada raised 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 research note on Thursday, December 19th. Deutsche Bank Aktiengesellschaft raised RTX from a “hold” rating to a “buy” rating and lifted their price objective for the company from $131.00 to $140.00 in a research note on Thursday, January 2nd. Finally, Susquehanna dropped their price objective on RTX from $150.00 to $139.00 and set a “positive” rating for the company in a research note on Wednesday, January 8th. Six analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $156.87.

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RTX Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for RTX (NYSE:RTX)

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