RTX Co. (NYSE:RTX) Shares Sold by Meyer Handelman Co.

Meyer Handelman Co. cut its holdings in RTX Co. (NYSE:RTX) by 2.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 204,558 shares of the company’s stock after selling 5,447 shares during the quarter. Meyer Handelman Co.’s holdings in RTX were worth $23,671,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of RTX. LRI Investments LLC grew its position in RTX by 6.5% during the 3rd quarter. LRI Investments LLC now owns 77,543 shares of the company’s stock worth $9,221,000 after purchasing an additional 4,732 shares during the last quarter. Napa Wealth Management purchased a new stake in shares of RTX during the third quarter valued at $1,307,000. Czech National Bank increased its position in shares of RTX by 6.5% in the 4th quarter. Czech National Bank now owns 288,591 shares of the company’s stock valued at $33,396,000 after acquiring an additional 17,608 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in RTX by 16.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 78,994 shares of the company’s stock worth $9,510,000 after acquiring an additional 11,354 shares during the last quarter. Finally, Kennebec Savings Bank acquired a new stake in RTX during the 3rd quarter worth about $953,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Stock Up 1.4 %

NYSE RTX opened at $119.36 on Wednesday. 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 Co. has a 52 week low of $84.43 and a 52 week high of $128.70. The business’s fifty day simple moving average is $118.18 and its 200-day simple moving average is $117.14. The firm has a market cap of $158.87 billion, a PE ratio of 34.10, a P/E/G ratio of 2.08 and a beta of 0.81.

RTX (NYSE:RTX) last posted its earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.11. The company 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%. RTX’s revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.25 EPS. As a group, equities analysts anticipate that RTX Co. will post 5.56 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on RTX shares. Morgan Stanley increased their price objective on RTX from $120.00 to $130.00 and gave the company an “equal weight” rating in a report on Wednesday, October 23rd. TD Cowen raised shares of RTX to a “strong-buy” rating in a research report on Tuesday, October 8th. Citigroup upped their price objective on shares of RTX from $122.00 to $132.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Susquehanna reduced their target price on shares of RTX from $150.00 to $139.00 and set a “positive” rating for the company in a report on Wednesday, January 8th. Finally, Barclays increased their price target on RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 29th. Six equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus 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.