RTX Co. (NYSE:RTX) Shares Sold by Highland Capital Management LLC

Highland Capital Management LLC trimmed its holdings in RTX Co. (NYSE:RTX - Free Report) by 2.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 109,886 shares of the company's stock after selling 2,769 shares during the quarter. RTX makes up about 0.7% of Highland Capital Management LLC's holdings, making the stock its 28th biggest position. Highland Capital Management LLC's holdings in RTX were worth $12,716,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Gries Financial LLC increased its stake in shares of RTX by 17.6% during the fourth quarter. Gries Financial LLC now owns 9,765 shares of the company's stock worth $1,130,000 after acquiring an additional 1,463 shares during the period. Reston Wealth Management LLC grew its position in RTX by 3,888.1% during the fourth quarter. Reston Wealth Management LLC now owns 2,672 shares of the company's stock worth $309,000 after buying an additional 2,605 shares during the period. Orrstown Financial Services Inc. increased its holdings in RTX by 1.2% in the fourth quarter. Orrstown Financial Services Inc. now owns 11,099 shares of the company's stock valued at $1,284,000 after buying an additional 134 shares in the last quarter. Field & Main Bank boosted its position in RTX by 0.8% during the fourth quarter. Field & Main Bank now owns 18,720 shares of the company's stock worth $2,166,000 after purchasing an additional 150 shares in the last quarter. Finally, Strategic Blueprint LLC grew its holdings in RTX by 12.1% in the fourth quarter. Strategic Blueprint LLC now owns 8,235 shares of the company's stock valued at $953,000 after purchasing an additional 890 shares during the last quarter. Institutional investors and hedge funds own 86.50% of the company's stock.

RTX Trading Up 2.5 %

Shares of RTX traded up $3.12 during trading hours on Thursday, hitting $128.25. The stock had a trading volume of 2,325,018 shares, compared to its average volume of 4,526,968. The company's fifty day simple moving average is $118.79 and its 200 day simple moving average is $118.93. RTX Co. has a 12-month low of $88.90 and a 12-month high of $132.43. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 0.99. The firm has a market cap of $170.70 billion, a P/E ratio of 36.76, a P/E/G ratio of 1.99 and a beta of 0.81.

RTX (NYSE:RTX - Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.19. RTX had a return on equity of 11.96% and a net margin of 5.97%. Equities research analysts forecast that RTX Co. will post 5.56 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. TD Cowen upgraded shares of RTX to a "strong-buy" rating in a research report on Tuesday, October 8th. Morgan Stanley raised their price objective on shares of RTX from $130.00 to $135.00 and gave the stock an "equal weight" rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft upgraded RTX from a "hold" rating to a "buy" rating and increased their target price for the company from $131.00 to $140.00 in a report on Thursday, January 2nd. JPMorgan Chase & Co. boosted their price target on RTX from $140.00 to $150.00 and gave the stock an "overweight" rating in a report on Wednesday. Finally, StockNews.com cut RTX from a "buy" rating to a "hold" rating in a research report on Wednesday. Six analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $162.73.

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.