RTX Co. (NYSE:RTX) Shares Sold by Milestone Asset Management LLC

Milestone Asset Management LLC cut its stake in shares of RTX Co. (NYSE:RTX) by 14.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,519 shares of the company’s stock after selling 781 shares during the period. Milestone Asset Management LLC’s holdings in RTX were worth $523,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Strategic Investment Solutions Inc. IL purchased a new position in shares of RTX in the second quarter valued at approximately $132,000. Newbridge Financial Services Group Inc. raised its stake in shares of RTX by 6.4% in the second quarter. Newbridge Financial Services Group Inc. now owns 2,662 shares of the company’s stock valued at $267,000 after acquiring an additional 159 shares in the last quarter. Mattson Financial Services LLC acquired a new position in RTX during the 2nd quarter worth $1,257,000. Abacus Planning Group Inc. increased its holdings in RTX by 7.8% during the 3rd quarter. Abacus Planning Group Inc. now owns 2,986 shares of the company’s stock worth $362,000 after purchasing an additional 215 shares during the period. Finally, Massmutual Trust Co. FSB ADV raised its position in RTX by 2.6% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 240,719 shares of the company’s stock valued at $29,166,000 after purchasing an additional 6,097 shares in the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Price Performance

Shares of NYSE RTX opened at $129.14 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.63. The stock has a market cap of $171.89 billion, a P/E ratio of 36.38, a P/E/G ratio of 1.99 and a beta of 0.81. The stock has a 50 day moving average of $118.97 and a two-hundred day moving average of $119.00. RTX Co. has a twelve month low of $88.90 and a twelve month high of $132.43.

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

Analysts Set New Price Targets

Several brokerages recently weighed in on RTX. Morgan Stanley raised their target price on shares of RTX from $130.00 to $135.00 and gave the company an “equal weight” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft upgraded shares of RTX from a “hold” rating to a “buy” rating and raised their price objective for the company from $131.00 to $140.00 in a report on Thursday, January 2nd. UBS Group increased their target price on RTX from $128.00 to $142.00 and gave the company a “neutral” rating in a report on Wednesday. JPMorgan Chase & Co. lifted their price target on RTX from $140.00 to $150.00 and gave the stock an “overweight” rating in a report on Wednesday. Finally, Barclays upped their price objective on RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 29th. 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $163.07.

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.