Mitchell Mcleod Pugh & Williams Inc. Trims Stock Position in RTX Co. (NYSE:RTX)

Mitchell Mcleod Pugh & Williams Inc. decreased its position in RTX Co. (NYSE:RTX) by 4.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,875 shares of the company’s stock after selling 599 shares during the period. Mitchell Mcleod Pugh & Williams Inc.’s holdings in RTX were worth $1,606,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. LRI Investments LLC raised its position in RTX by 6.5% in the third quarter. LRI Investments LLC now owns 77,543 shares of the company’s stock valued at $9,221,000 after purchasing an additional 4,732 shares during the period. Napa Wealth Management acquired a new stake in shares of RTX during the third quarter worth about $1,307,000. Czech National Bank grew its holdings in shares of RTX by 6.5% in the fourth quarter. Czech National Bank now owns 288,591 shares of the company’s stock valued at $33,396,000 after purchasing an additional 17,608 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in RTX by 16.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 78,994 shares of the company’s stock worth $9,510,000 after buying an additional 11,354 shares during the period. Finally, Empirical Asset Management LLC acquired a new position in shares of RTX in the fourth quarter worth $8,387,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on RTX shares. Wells Fargo & Company increased their price objective on RTX from $140.00 to $151.00 and gave the company an “overweight” rating in a research note on Wednesday, January 8th. Barclays increased their target price on RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a report on Tuesday, October 29th. Morgan Stanley lifted their price target on RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 23rd. Susquehanna cut their target price on RTX from $150.00 to $139.00 and set a “positive” rating on the stock in a research report on Wednesday, January 8th. Finally, UBS Group boosted their price objective on shares of RTX from $126.00 to $133.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Six investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $156.87.

RTX Price Performance

Shares of RTX opened at $121.30 on Monday. The company has a market capitalization of $161.45 billion, a price-to-earnings ratio of 34.66, a price-to-earnings-growth ratio of 1.84 and a beta of 0.81. RTX Co. has a fifty-two week low of $84.43 and a fifty-two week high of $128.70. The firm has a 50-day simple moving average of $118.10 and a 200-day simple moving average of $117.69. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 0.99.

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

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.