Werlinich Asset Management LLC Sells 950 Shares of RTX Co. (NYSE:RTX)

Werlinich Asset Management LLC decreased its position in RTX Co. (NYSE:RTX) by 3.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,864 shares of the company’s stock after selling 950 shares during the period. RTX comprises approximately 1.7% of Werlinich Asset Management LLC’s holdings, making the stock its 19th largest holding. Werlinich Asset Management LLC’s holdings in RTX were worth $2,980,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of RTX. MidAtlantic Capital Management Inc. acquired a new stake in RTX during the third quarter worth $29,000. Modus Advisors LLC acquired a new stake in shares of RTX during the 4th quarter valued at about $39,000. Western Pacific Wealth Management LP bought a new stake in RTX in the third quarter valued at about $41,000. Kimelman & Baird LLC bought a new position in RTX during the second quarter worth about $46,000. Finally, ORG Wealth Partners LLC acquired a new stake in RTX during the third quarter valued at approximately $50,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on RTX shares. Citigroup boosted their price target on RTX from $122.00 to $132.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Barclays increased their target price on shares of RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 29th. Susquehanna reduced their price target on shares of RTX from $150.00 to $139.00 and set a “positive” rating on the stock in a research report on Wednesday, January 8th. Morgan Stanley raised their price objective on shares of RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft upgraded RTX from a “hold” rating to a “buy” rating and increased their price target for the stock from $131.00 to $140.00 in a research report on Thursday, January 2nd. Six analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $156.87.

RTX Stock Up 1.1 %

Shares of RTX stock opened at $120.38 on Friday. 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 current ratio of 0.99 and a quick ratio of 0.73. The company has a market capitalization of $160.22 billion, a P/E ratio of 34.39, a price-to-earnings-growth ratio of 1.84 and a beta of 0.81. The business has a 50-day moving average of $118.14 and a two-hundred day moving average of $117.30.

RTX (NYSE:RTX) last announced its quarterly earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.11. RTX had a net margin of 5.97% and a return on equity of 11.96%. The firm had revenue of $20.09 billion for the quarter, compared to analyst estimates of $19.84 billion. During the same quarter in the previous year, the firm posted $1.25 earnings per share. The business’s revenue was up 6.0% on a year-over-year basis. As a group, equities analysts predict that RTX Co. will post 5.55 EPS for the current year.

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.