Claro Advisors LLC Decreases Stock Position in RTX Co. (NYSE:RTX)

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

A number of other large investors have also added to or reduced their stakes in the stock. MidAtlantic Capital Management Inc. bought a new stake in shares of RTX during the 3rd quarter valued at $29,000. Modus Advisors LLC purchased a new stake in RTX in the 4th quarter worth $39,000. Fairfield Financial Advisors LTD purchased a new stake in RTX in the 2nd quarter worth $41,000. Western Pacific Wealth Management LP purchased a new stake in RTX in the 3rd quarter worth $41,000. Finally, Kimelman & Baird LLC purchased a new stake in RTX in the 2nd quarter worth $46,000. Institutional investors own 86.50% of the company’s stock.

RTX Trading Up 2.2 %

RTX traded up $2.57 on Monday, hitting $117.68. The company had a trading volume of 3,428,219 shares, compared to its average volume of 3,626,783. The firm has a market cap of $156.63 billion, a P/E ratio of 33.62, a PEG 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’s fifty day moving average price is $118.18 and its 200 day moving average price is $117.01. 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 (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 net margin of 5.97% and a return on equity of 11.96%. The company had revenue of $20.09 billion for the quarter, compared to analyst estimates of $19.84 billion. During the same period in the prior year, the firm earned $1.25 earnings per share. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. As a group, equities analysts expect that RTX Co. will post 5.56 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on RTX. UBS Group upped their target price 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. Morgan Stanley upped their target price on shares of RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 23rd. Royal Bank of Canada upgraded shares of RTX from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from $130.00 to $140.00 in a research note on Thursday, December 19th. Citigroup upped their price objective on RTX from $122.00 to $132.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Finally, Wells Fargo & Company raised their price target on shares of RTX from $140.00 to $151.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 8th. Six analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, RTX has a consensus rating of “Moderate Buy” and a consensus target price of $156.87.

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.