RTX Co. (NYSE:RTX) Shares Sold by Claro Advisors LLC

Claro Advisors LLC trimmed its position in RTX Co. (NYSE:RTX) by 12.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,690 shares of the company’s stock after selling 1,485 shares during the quarter. Claro Advisors LLC’s holdings in RTX were worth $1,237,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of RTX. LRI Investments LLC grew its position in shares of RTX by 6.5% in the 3rd quarter. LRI Investments LLC now owns 77,543 shares of the company’s stock worth $9,221,000 after acquiring an additional 4,732 shares in the last quarter. Napa Wealth Management acquired a new stake in shares of RTX during the third quarter worth $1,307,000. Mirae Asset Global Investments Co. Ltd. raised its position in shares of RTX by 16.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 78,994 shares of the company’s stock worth $9,510,000 after purchasing an additional 11,354 shares during the period. Kennebec Savings Bank purchased a new position in shares of RTX during the third quarter valued at $953,000. Finally, Point72 Hong Kong Ltd grew its stake in RTX by 83.5% in the third quarter. Point72 Hong Kong Ltd now owns 82,803 shares of the company’s stock valued at $10,032,000 after purchasing an additional 37,671 shares in the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Stock Up 2.2 %

Shares of RTX stock traded up $2.57 on Monday, reaching $117.68. 3,428,219 shares of the company were exchanged, compared to its average volume of 3,626,783. RTX Co. has a one year low of $84.43 and a one year high of $128.70. The company has a market cap of $156.63 billion, a price-to-earnings ratio of 33.62, a PEG ratio of 2.08 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 company has a 50-day moving average of $118.18 and a 200-day moving average of $117.01.

RTX (NYSE:RTX) last issued its quarterly earnings results 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. RTX had a net margin of 5.97% and a return on equity of 11.96%. The company had revenue of $20.09 billion during the quarter, compared to analyst estimates of $19.84 billion. During the same quarter last year, the business posted $1.25 EPS. RTX’s quarterly revenue was up 6.0% compared to the same quarter last year. Analysts anticipate that RTX Co. will post 5.56 earnings per share for the current year.

Analysts Set New Price Targets

RTX has been the subject of a number of analyst reports. Morgan Stanley boosted their price target on RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 23rd. Wells Fargo & Company upped their price target on RTX from $140.00 to $151.00 and gave the company an “overweight” rating in a report on Wednesday, January 8th. Citigroup upped their price objective on RTX from $122.00 to $132.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. TD Cowen upgraded RTX to a “strong-buy” rating in a research note on Tuesday, October 8th. Finally, Royal Bank of Canada upgraded RTX from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $130.00 to $140.00 in a research note on Thursday, December 19th. 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. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $156.87.

RTX Company 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.