Radnor Capital Management LLC Sells 11,496 Shares of RTX Co. (NYSE:RTX)

Radnor Capital Management LLC cut its position in shares of RTX Co. (NYSE:RTX) by 36.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 19,827 shares of the company’s stock after selling 11,496 shares during the period. Radnor Capital Management LLC’s holdings in RTX were worth $2,294,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. MidAtlantic Capital Management Inc. bought a new position in shares of RTX during the 3rd quarter worth approximately $29,000. Modus Advisors LLC acquired a new position in RTX during the fourth quarter worth $39,000. Western Pacific Wealth Management LP acquired a new stake in RTX in the 3rd quarter valued at $41,000. Kimelman & Baird LLC bought a new stake in RTX during the 2nd quarter worth about $46,000. Finally, ORG Wealth Partners LLC acquired a new position in shares of RTX during the 3rd quarter worth about $50,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Stock Performance

NYSE RTX opened at $119.36 on Wednesday. RTX Co. has a 12-month low of $84.43 and a 12-month high of $128.70. The firm has a 50-day moving average price of $118.18 and a two-hundred day moving average price of $117.14. The company has a market capitalization of $158.87 billion, a P/E ratio of 34.10, a P/E/G ratio of 2.08 and a beta of 0.81. The company has a quick ratio of 0.73, a current ratio of 0.99 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. The business had revenue of $20.09 billion for the quarter, compared to the consensus estimate of $19.84 billion. RTX had a return on equity of 11.96% and a net margin of 5.97%. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.25 earnings per share. Analysts anticipate that RTX Co. will post 5.56 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently issued reports on RTX shares. Morgan Stanley lifted their target price on RTX from $120.00 to $130.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 23rd. Citigroup boosted their price target on RTX from $122.00 to $132.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Royal Bank of Canada raised RTX from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $130.00 to $140.00 in a report on Thursday, December 19th. UBS Group boosted their target price on shares of RTX from $126.00 to $133.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Finally, Susquehanna cut their price target on shares of RTX from $150.00 to $139.00 and set a “positive” rating for the company in a research note 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.com, RTX presently has an average rating of “Moderate Buy” and an average 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.