Hennion & Walsh Asset Management Inc. Sells 4,897 Shares of RTX Co. (NYSE:RTX)

Hennion & Walsh Asset Management Inc. lowered its stake in shares of RTX Co. (NYSE:RTX - Free Report) by 19.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,812 shares of the company's stock after selling 4,897 shares during the period. Hennion & Walsh Asset Management Inc.'s holdings in RTX were worth $2,293,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. LRI Investments LLC increased its holdings in shares of RTX by 6.5% in the third quarter. LRI Investments LLC now owns 77,543 shares of the company's stock worth $9,221,000 after purchasing an additional 4,732 shares during the period. Napa Wealth Management purchased a new stake in RTX in the third quarter worth approximately $1,307,000. Czech National Bank grew its position in RTX by 6.5% during the fourth quarter. Czech National Bank now owns 288,591 shares of the company's stock valued at $33,396,000 after acquiring an additional 17,608 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of RTX by 16.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 78,994 shares of the company's stock worth $9,510,000 after acquiring an additional 11,354 shares in the last quarter. Finally, Kennebec Savings Bank bought a new stake in shares of RTX in the 3rd quarter worth approximately $953,000. Institutional investors own 86.50% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on RTX. Royal Bank of Canada raised shares of RTX from a "sector perform" rating to an "outperform" rating and increased their target price for the company from $130.00 to $140.00 in a report on Thursday, December 19th. UBS Group lifted their price objective on RTX from $126.00 to $133.00 and gave the stock a "neutral" rating in a report on Wednesday, October 23rd. Susquehanna dropped their target price on RTX from $150.00 to $139.00 and set a "positive" rating for the company in a report on Wednesday, January 8th. Wells Fargo & Company boosted their price objective on RTX from $140.00 to $151.00 and gave the company an "overweight" rating in a research report on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of RTX from a "hold" rating to a "buy" rating and raised their target price for the stock from $131.00 to $140.00 in a report on Thursday, January 2nd. Six equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, RTX has an average rating of "Moderate Buy" and a consensus target price of $156.87.

RTX Stock Up 0.7 %

Shares of RTX stock traded up $0.84 during midday trading on Friday, reaching $121.30. 4,182,063 shares of the stock were exchanged, compared to its average volume of 3,467,505. RTX Co. has a 1 year low of $84.43 and a 1 year high of $128.70. The firm has a market cap of $161.45 billion, a PE 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 is $118.10 and its two-hundred day moving average is $117.57. 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 posted its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.34 by $0.11. The business had revenue of $20.09 billion during the quarter, compared to the consensus estimate of $19.84 billion. RTX had a return on equity of 11.96% and a net margin of 5.97%. The firm's quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.25 earnings per share. On average, equities research analysts predict that RTX Co. will post 5.55 EPS for the current year.

RTX Company 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.