Bar Harbor Wealth Management Reduces Stock Position in RTX Co. (NYSE:RTX)

Bar Harbor Wealth Management decreased its stake in shares of RTX Co. (NYSE:RTX) by 7.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 23,786 shares of the company’s stock after selling 1,894 shares during the quarter. Bar Harbor Wealth Management’s holdings in RTX were worth $2,753,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Marshall Wace LLP raised its stake in RTX by 1,247.1% during the second quarter. Marshall Wace LLP now owns 2,053,706 shares of the company’s stock worth $206,172,000 after purchasing an additional 1,901,256 shares during the period. International Assets Investment Management LLC raised its position in shares of RTX by 11,235.6% during the 3rd quarter. International Assets Investment Management LLC now owns 1,701,013 shares of the company’s stock valued at $206,095,000 after buying an additional 1,686,007 shares during the period. Fisher Asset Management LLC lifted its holdings 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 acquiring an additional 852,183 shares during the last quarter. Hsbc Holdings PLC grew its position in RTX by 47.9% in the second quarter. Hsbc Holdings PLC now owns 2,448,780 shares of the company’s stock worth $246,300,000 after acquiring an additional 792,830 shares during the period. Finally, Janus Henderson Group PLC increased its stake in RTX by 256.6% during the third quarter. Janus Henderson Group PLC now owns 976,527 shares of the company’s stock worth $118,309,000 after acquiring an additional 702,699 shares during the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on RTX shares. Wells Fargo & Company increased their price target on RTX from $140.00 to $151.00 and gave the stock an “overweight” rating in a report on Wednesday, January 8th. UBS Group lifted their price target on shares of RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Barclays upped their price objective on shares of 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 upgraded shares of RTX from a “hold” rating to a “buy” rating and lifted their target price for the company from $131.00 to $140.00 in a report on Thursday, January 2nd. Finally, TD Cowen upgraded RTX to a “strong-buy” rating in a research note on Tuesday, October 8th. Six equities research 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 stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $156.87.

RTX Stock Up 2.4 %

Shares of RTX stock traded up $2.74 during trading hours on Monday, reaching $117.85. 3,867,676 shares of the stock were exchanged, compared to its average volume of 3,641,217. RTX Co. has a 12-month low of $84.43 and a 12-month high of $128.70. The business’s fifty day moving average is $118.18 and its two-hundred day moving average is $117.01. 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 firm has a market capitalization 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 quarterly earnings data 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. The business 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%. The company’s revenue was up 6.0% on a year-over-year basis. During the same period last year, the business earned $1.25 EPS. As a group, research analysts expect that RTX Co. will post 5.56 EPS 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.