Coastwise Capital Group LLC Sells 883 Shares of RTX Co. (NYSE:RTX)

Coastwise Capital Group LLC cut its holdings in RTX Co. (NYSE:RTX) by 11.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 7,070 shares of the company’s stock after selling 883 shares during the period. Coastwise Capital Group LLC’s holdings in RTX were worth $818,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in RTX. Evernest Financial Advisors LLC raised its stake in shares of RTX by 2.8% during the fourth quarter. Evernest Financial Advisors LLC now owns 6,564 shares of the company’s stock valued at $760,000 after acquiring an additional 177 shares during the last quarter. Boomfish Wealth Group LLC raised its position in RTX by 1.6% during the 4th quarter. Boomfish Wealth Group LLC now owns 14,341 shares of the company’s stock valued at $1,660,000 after purchasing an additional 228 shares during the last quarter. Clarity Financial LLC lifted its holdings in RTX by 0.6% in the 4th quarter. Clarity Financial LLC now owns 91,084 shares of the company’s stock worth $10,540,000 after buying an additional 583 shares during the period. Mediolanum International Funds Ltd grew its position in shares of RTX by 108.5% in the 4th quarter. Mediolanum International Funds Ltd now owns 61,290 shares of the company’s stock worth $7,044,000 after buying an additional 31,890 shares during the last quarter. Finally, Crews Bank & Trust purchased a new position in shares of RTX during the fourth quarter valued at approximately $341,000. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on RTX shares. Royal Bank of Canada raised their target price on shares of RTX from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday. UBS Group lifted their price objective on RTX from $128.00 to $142.00 and gave the company a “neutral” rating in a research report on Wednesday. Susquehanna increased their target price on RTX from $139.00 to $147.00 and gave the stock a “positive” rating in a research report on Wednesday. StockNews.com lowered RTX from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, TD Cowen raised RTX to a “strong-buy” rating in a research report on Tuesday, October 8th. Six analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, RTX currently has an average rating of “Moderate Buy” and a consensus price target of $163.07.

RTX Trading Up 3.2 %

Shares of RTX stock opened at $129.14 on Friday. RTX Co. has a 1 year low of $88.90 and a 1 year high of $132.43. The firm has a fifty day moving average price of $118.97 and a 200-day moving average price of $119.00. The company has a market cap of $171.89 billion, a price-to-earnings ratio of 36.38, a PEG ratio of 1.99 and a beta of 0.81. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.73.

RTX (NYSE:RTX) last issued its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.19. RTX had a return on equity of 12.45% and a net margin of 5.91%. As a group, equities analysts predict that RTX Co. will post 6.1 earnings per share for the current 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.