Romano Brothers AND Company Decreases Stake in RTX Co. (NYSE:RTX)

Romano Brothers AND Company cut its stake in shares of RTX Co. (NYSE:RTX) by 0.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 64,001 shares of the company’s stock after selling 134 shares during the quarter. RTX comprises approximately 0.9% of Romano Brothers AND Company’s investment portfolio, making the stock its 24th biggest holding. Romano Brothers AND Company’s holdings in RTX were worth $7,406,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in RTX. Kelly Financial Services LLC lifted its stake in RTX by 13.1% during the 4th quarter. Kelly Financial Services LLC now owns 5,863 shares of the company’s stock valued at $678,000 after acquiring an additional 680 shares during the period. Cadinha & Co. LLC raised its holdings in shares of RTX by 40.2% during the fourth quarter. Cadinha & Co. LLC now owns 3,665 shares of the company’s stock worth $424,000 after purchasing an additional 1,050 shares during the last quarter. Stillwater Capital Advisors LLC lifted its position in RTX by 0.7% during the fourth quarter. Stillwater Capital Advisors LLC now owns 181,564 shares of the company’s stock valued at $21,011,000 after purchasing an additional 1,301 shares during the period. Clarius Group LLC boosted its holdings in RTX by 9.0% in the fourth quarter. Clarius Group LLC now owns 8,474 shares of the company’s stock valued at $981,000 after purchasing an additional 699 shares during the last quarter. Finally, Joule Financial LLC grew its position in RTX by 3.1% during the 4th quarter. Joule Financial LLC now owns 3,256 shares of the company’s stock worth $377,000 after purchasing an additional 97 shares during the period. 86.50% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Wells Fargo & Company upped their price objective on RTX from $140.00 to $151.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 8th. TD Cowen raised shares of RTX to a “strong-buy” rating in a report on Tuesday, October 8th. Morgan Stanley increased 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. UBS Group boosted their price objective on RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Finally, Citigroup lifted their price target on shares of RTX from $122.00 to $132.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. 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’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $156.87.

RTX Stock Performance

Shares of RTX stock opened at $121.30 on Friday. The stock has a market capitalization of $161.45 billion, a PE ratio of 34.66, a P/E/G ratio of 1.84 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 Co. has a 52 week low of $84.43 and a 52 week high of $128.70. The firm has a 50 day moving average of $118.10 and a two-hundred day moving average of $117.57.

RTX (NYSE:RTX) last announced its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 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 business had revenue of $20.09 billion during the quarter, compared to the consensus estimate of $19.84 billion. During the same period in the previous year, the company posted $1.25 earnings per share. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, research analysts predict that RTX Co. will post 5.55 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.