Sentry LLC Decreases Stake in RTX Co. (NYSE:RTX)

Sentry LLC lowered its holdings in RTX Co. (NYSE:RTX) by 0.8% in the 4th quarter, Holdings Channel reports. The firm owned 17,908 shares of the company’s stock after selling 147 shares during the period. RTX accounts for 0.4% of Sentry LLC’s portfolio, making the stock its 20th biggest holding. Sentry LLC’s holdings in RTX were worth $2,072,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Avestar Capital LLC grew its holdings in shares of RTX by 0.6% in the third quarter. Avestar Capital LLC now owns 14,461 shares of the company’s stock worth $1,752,000 after acquiring an additional 85 shares during the period. Arbor Wealth Advisors LLC grew its holdings in shares of RTX by 3.7% in the fourth quarter. Arbor Wealth Advisors LLC now owns 2,382 shares of the company’s stock worth $276,000 after acquiring an additional 85 shares during the period. Mowery & Schoenfeld Wealth Management LLC grew its holdings in shares of RTX by 20.1% in the third quarter. Mowery & Schoenfeld Wealth Management LLC now owns 514 shares of the company’s stock worth $62,000 after acquiring an additional 86 shares during the period. Blackston Financial Advisory Group LLC grew its holdings in shares of RTX by 3.7% in the third quarter. Blackston Financial Advisory Group LLC now owns 2,403 shares of the company’s stock worth $291,000 after acquiring an additional 86 shares during the period. Finally, Traveka Wealth LLC grew its holdings in shares of RTX by 3.2% in the fourth quarter. Traveka Wealth LLC now owns 2,789 shares of the company’s stock worth $323,000 after acquiring an additional 86 shares during the period. Institutional investors own 86.50% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on RTX. Royal Bank of Canada lifted their price objective on RTX from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday. Barclays upped 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. Morgan Stanley upped their price target on RTX from $130.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Wells Fargo & Company upped their price target on RTX from $140.00 to $151.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 8th. Finally, StockNews.com cut RTX from a “buy” rating to a “hold” rating in a research report on Wednesday. Six research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $161.73.

RTX Price Performance

Shares of RTX stock opened at $125.25 on Thursday. The stock has a 50 day moving average of $118.79 and a 200 day moving average of $118.93. RTX Co. has a 12 month low of $88.90 and a 12 month high of $132.43. The firm has a market cap of $166.71 billion, a PE ratio of 35.79, a PEG ratio of 1.99 and a beta of 0.81. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.62.

RTX (NYSE:RTX) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.19. RTX had a return on equity of 11.96% and a net margin of 5.97%. On average, research analysts expect that RTX Co. will post 5.56 EPS for the current fiscal 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.