Emprise Bank Sells 277 Shares of RTX Co. (NYSE:RTX)

Emprise Bank decreased its position in shares of RTX Co. (NYSE:RTX) by 3.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,189 shares of the company’s stock after selling 277 shares during the quarter. Emprise Bank’s holdings in RTX were worth $832,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in RTX. Acadian Asset Management LLC grew its position in shares of RTX by 26.4% during the 2nd quarter. Acadian Asset Management LLC now owns 1,700 shares of the company’s stock worth $170,000 after buying an additional 355 shares in the last quarter. Federated Hermes Inc. lifted its stake in shares of RTX by 36.1% during the 2nd quarter. Federated Hermes Inc. now owns 9,613 shares of the company’s stock worth $965,000 after purchasing an additional 2,552 shares during the last quarter. Parallel Advisors LLC lifted its stake in shares of RTX by 1.1% during the 2nd quarter. Parallel Advisors LLC now owns 34,379 shares of the company’s stock worth $3,451,000 after purchasing an additional 381 shares during the last quarter. Thoroughbred Financial Services LLC lifted its stake in shares of RTX by 33.1% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 16,370 shares of the company’s stock worth $1,643,000 after purchasing an additional 4,070 shares during the last quarter. Finally, Diversify Wealth Management LLC purchased a new stake in shares of RTX during the 2nd quarter worth $3,429,000. Institutional investors own 86.50% of the company’s stock.

RTX Stock Performance

RTX stock traded up $1.91 during midday trading on Monday, hitting $117.02. 1,575,316 shares of the company were exchanged, compared to its average volume of 3,370,580. The firm has a market capitalization of $155.76 billion, a PE ratio of 33.43, a price-to-earnings-growth ratio of 2.08 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 business has a fifty day simple moving average of $118.18 and a two-hundred day simple moving average of $117.01. 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 issued its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $19.84 billion. During the same period last year, the company earned $1.25 earnings per share. RTX’s quarterly revenue was up 6.0% compared to the same quarter last year. On average, sell-side analysts forecast that RTX Co. will post 5.56 earnings per share for the current year.

Wall Street Analysts Forecast Growth

RTX has been the subject of a number of analyst reports. Citigroup upped their price objective on RTX from $122.00 to $132.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Royal Bank of Canada upgraded RTX from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $130.00 to $140.00 in a research note on Thursday, December 19th. Deutsche Bank Aktiengesellschaft upgraded RTX from a “hold” rating to a “buy” rating and increased their price target for the company from $131.00 to $140.00 in a research note on Thursday, January 2nd. Barclays increased their price target on RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 29th. Finally, Susquehanna decreased their price target on RTX from $150.00 to $139.00 and set a “positive” rating for the company in a research note on Wednesday, January 8th. Six equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $156.87.

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.