RTX Co. (NYSE:RTX) Shares Sold by Sky Investment Group LLC

Sky Investment Group LLC decreased its stake in shares of RTX Co. (NYSE:RTX) by 0.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,731 shares of the company’s stock after selling 150 shares during the quarter. RTX comprises 1.7% of Sky Investment Group LLC’s holdings, making the stock its 17th biggest position. Sky Investment Group LLC’s holdings in RTX were worth $9,342,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in RTX. Assenagon Asset Management S.A. increased its position in shares of RTX by 545.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 2,478,784 shares of the company’s stock valued at $286,845,000 after acquiring an additional 2,094,834 shares during the period. Marshall Wace LLP increased its holdings in shares of RTX by 1,247.1% in the second 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 during the period. International Assets Investment Management LLC lifted its holdings in shares of RTX by 11,235.6% during the third quarter. International Assets Investment Management LLC now owns 1,701,013 shares of the company’s stock worth $206,095,000 after purchasing an additional 1,686,007 shares during the period. Fisher Asset Management LLC boosted its position in 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 during the last quarter. Finally, Janus Henderson Group PLC increased its holdings in RTX by 256.6% in the 3rd quarter. Janus Henderson Group PLC now owns 976,527 shares of the company’s stock worth $118,309,000 after buying an additional 702,699 shares during the period. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Trading Up 0.7 %

Shares of RTX stock opened at $121.30 on Tuesday. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.62. RTX Co. has a twelve month low of $84.43 and a twelve month high of $128.70. The firm has a market capitalization of $161.45 billion, a PE ratio of 34.66, a P/E/G ratio of 1.93 and a beta of 0.81. The firm’s 50-day moving average price is $118.03 and its 200 day moving average price is $117.84.

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 analysts’ consensus estimates of $1.34 by $0.11. RTX had a return on equity of 11.96% and a net margin of 5.97%. The firm had revenue of $20.09 billion for the quarter, compared to analyst estimates of $19.84 billion. During the same period in the previous year, the company posted $1.25 earnings per share. The business’s revenue was up 6.0% on a year-over-year basis. On average, sell-side analysts predict that RTX Co. will post 5.56 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

RTX has been the subject of several research reports. Susquehanna dropped their price objective on shares of RTX from $150.00 to $139.00 and set a “positive” rating on the stock in a report on Wednesday, January 8th. Royal Bank of Canada raised shares of RTX from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $130.00 to $140.00 in a report on Thursday, December 19th. UBS Group lifted 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. Barclays raised their target price on RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 29th. Finally, TD Cowen raised RTX to a “strong-buy” rating in a report on Tuesday, October 8th. Six equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target 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.