RTX Co. (NYSE:RTX) Shares Sold by Stableford Capital II LLC

Stableford Capital II LLC lessened its holdings in RTX Co. (NYSE:RTX) by 1.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 7,928 shares of the company’s stock after selling 99 shares during the period. Stableford Capital II LLC’s holdings in RTX were worth $917,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Geode Capital Management LLC grew its position in RTX by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 27,263,780 shares of the company’s stock worth $3,290,622,000 after purchasing an additional 508,344 shares during the last quarter. Fisher Asset Management LLC grew its holdings in shares of RTX by 4.8% during the third quarter. Fisher Asset Management LLC now owns 18,471,471 shares of the company’s stock valued at $2,238,004,000 after buying an additional 852,183 shares during the last quarter. FMR LLC increased its position in shares of RTX by 8.7% in the 3rd quarter. FMR LLC now owns 6,102,848 shares of the company’s stock valued at $739,421,000 after acquiring an additional 490,109 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in RTX by 2.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,886,614 shares of the company’s stock worth $713,222,000 after acquiring an additional 140,697 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its stake in RTX by 1.3% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,937,660 shares of the company’s stock valued at $355,927,000 after purchasing an additional 38,930 shares during the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Stock Up 0.1 %

RTX stock opened at $129.08 on Friday. RTX Co. has a 12 month low of $88.90 and a 12 month high of $132.43. The stock has a market capitalization of $171.81 billion, a PE ratio of 36.36, a price-to-earnings-growth 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. The business has a 50 day simple moving average of $119.14 and a 200-day simple moving average of $119.20.

RTX (NYSE:RTX) last posted its quarterly earnings data 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, analysts anticipate that RTX Co. will post 6.1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

RTX has been the subject of a number of research reports. Citigroup raised RTX from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $132.00 to $153.00 in a report on Tuesday, January 21st. TD Cowen raised shares of RTX to a “strong-buy” rating in a report on Tuesday, October 8th. UBS Group raised their target price on shares of RTX from $128.00 to $142.00 and gave the stock a “neutral” rating in a report on Wednesday. Vertical Research raised shares of RTX to a “strong-buy” rating in a report on Tuesday. Finally, Bank of America lifted their price objective on RTX from $145.00 to $155.00 and gave the company a “buy” rating in a research note on Thursday. Six analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, RTX currently 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.