Arkadios Wealth Advisors Sells 5,037 Shares of RTX Co. (NYSE:RTX)

Arkadios Wealth Advisors lowered its position in shares of RTX Co. (NYSE:RTX - Free Report) by 19.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,461 shares of the company's stock after selling 5,037 shares during the period. Arkadios Wealth Advisors' holdings in RTX were worth $2,368,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in RTX. FARMERS & MERCHANTS TRUST Co OF LONG BEACH boosted its holdings in RTX by 1.7% in the fourth quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 8,389 shares of the company's stock worth $971,000 after purchasing an additional 137 shares during the last quarter. Dakota Community Bank & Trust NA boosted its stake in shares of RTX by 7.6% in the 4th quarter. Dakota Community Bank & Trust NA now owns 1,277 shares of the company's stock worth $148,000 after buying an additional 90 shares during the last quarter. Arthur M. Cohen & Associates LLC grew its holdings in shares of RTX by 0.9% in the fourth quarter. Arthur M. Cohen & Associates LLC now owns 34,710 shares of the company's stock worth $4,017,000 after acquiring an additional 300 shares during the period. Whitener Capital Management Inc. increased its position in RTX by 8.2% during the fourth quarter. Whitener Capital Management Inc. now owns 16,793 shares of the company's stock valued at $1,943,000 after acquiring an additional 1,272 shares during the last quarter. Finally, Cranbrook Wealth Management LLC lifted its holdings in RTX by 3.7% in the fourth quarter. Cranbrook Wealth Management LLC now owns 6,233 shares of the company's stock valued at $721,000 after acquiring an additional 225 shares during the period. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

RTX Trading Up 0.7 %

Shares of NYSE RTX traded up $0.84 during trading hours on Friday, hitting $121.30. 4,182,063 shares of the company traded hands, compared to its average volume of 3,467,505. The stock has a market capitalization of $161.45 billion, a price-to-earnings ratio of 34.66, a price-to-earnings-growth ratio of 1.84 and a beta of 0.81. The company's 50 day moving average price is $118.10 and its 200 day moving average price is $117.57. RTX Co. has a 12 month low of $84.43 and a 12 month high of $128.70. 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 - Get Free Report) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, topping analysts' consensus estimates of $1.34 by $0.11. RTX had a net margin of 5.97% and a return on equity of 11.96%. The firm had revenue of $20.09 billion during the quarter, compared to analysts' expectations of $19.84 billion. During the same period in the previous year, the company earned $1.25 EPS. The firm's revenue for the quarter was up 6.0% compared to the same quarter last year. On average, equities research analysts anticipate that RTX Co. will post 5.55 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently commented on RTX. UBS Group upped their price target on shares of RTX from $126.00 to $133.00 and gave the company a "neutral" rating in a research report on Wednesday, October 23rd. Morgan Stanley increased their price target on shares of RTX from $120.00 to $130.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 23rd. Wells Fargo & Company upped their price objective on RTX from $140.00 to $151.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 8th. Royal Bank of Canada upgraded RTX from a "sector perform" rating to an "outperform" rating and lifted their target price for the company from $130.00 to $140.00 in a research report on Thursday, December 19th. Finally, TD Cowen raised RTX to a "strong-buy" rating in a research note on Tuesday, October 8th. Six analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, RTX has a consensus rating of "Moderate Buy" and a consensus 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.