Midwest Financial Group LLC Sells 118 Shares of RTX Co. (NYSE:RTX)

Midwest Financial Group LLC trimmed its holdings in shares of RTX Co. (NYSE:RTX) by 1.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 6,902 shares of the company’s stock after selling 118 shares during the quarter. Midwest Financial Group LLC’s holdings in RTX were worth $799,000 as of its most recent filing with the SEC.

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

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on RTX shares. Barclays upped their target price on RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 29th. Susquehanna dropped their price objective on RTX from $150.00 to $139.00 and set a “positive” rating for the company in a research report on Wednesday, January 8th. 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. Royal Bank of Canada raised shares of RTX from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $130.00 to $140.00 in a report on Thursday, December 19th. Finally, UBS Group lifted their price target on shares of RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Five analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, RTX presently has an average rating of “Moderate Buy” and an average price target of $158.27.

RTX Trading Down 0.2 %

NYSE RTX opened at $125.98 on Friday. RTX Co. has a 12 month low of $88.90 and a 12 month high of $128.70. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $167.69 billion, a PE ratio of 35.96, a price-to-earnings-growth ratio of 1.99 and a beta of 0.81. The business’s 50-day moving average price is $118.25 and its two-hundred day moving average price is $118.12.

RTX (NYSE:RTX) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.11. RTX had a net margin of 5.97% and a return on equity of 11.96%. The firm had revenue of $20.09 billion during the quarter, compared to analyst estimates of $19.84 billion. During the same quarter last year, the business earned $1.25 EPS. The company’s revenue was up 6.0% compared to the same quarter last year. On average, analysts expect that RTX Co. will post 5.56 EPS 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.