RTX Co. (NYSE:RTX) Shares Sold by Meyer Handelman Co.

Meyer Handelman Co. trimmed its holdings in shares of RTX Co. (NYSE:RTX - Free Report) by 2.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 204,558 shares of the company's stock after selling 5,447 shares during the period. Meyer Handelman Co.'s holdings in RTX were worth $23,671,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Assenagon Asset Management S.A. boosted its holdings in RTX by 545.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 2,478,784 shares of the company's stock valued at $286,845,000 after purchasing an additional 2,094,834 shares during the last quarter. Marshall Wace LLP lifted its holdings in shares of RTX by 1,247.1% in the 2nd quarter. Marshall Wace LLP now owns 2,053,706 shares of the company's stock valued at $206,172,000 after buying an additional 1,901,256 shares during the period. International Assets Investment Management LLC boosted its stake in shares of RTX by 11,235.6% in the third quarter. International Assets Investment Management LLC now owns 1,701,013 shares of the company's stock worth $206,095,000 after buying an additional 1,686,007 shares during the last quarter. Fisher Asset Management LLC grew its holdings in RTX by 4.8% during the third quarter. Fisher Asset Management LLC now owns 18,471,471 shares of the company's stock worth $2,238,004,000 after acquiring an additional 852,183 shares during the period. Finally, Hsbc Holdings PLC raised its position in RTX by 47.9% during the second quarter. Hsbc Holdings PLC now owns 2,448,780 shares of the company's stock valued at $246,300,000 after acquiring an additional 792,830 shares in the last quarter. 86.50% of the stock is owned by hedge funds and other institutional investors.

RTX Price Performance

RTX traded down $0.40 on Wednesday, reaching $119.07. 2,817,356 shares of the company's stock were exchanged, compared to its average volume of 3,736,450. The stock has a market cap of $158.48 billion, a PE ratio of 34.02, a P/E/G ratio of 2.08 and a beta of 0.81. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.99 and a quick ratio of 0.73. RTX Co. has a twelve month low of $84.43 and a twelve month high of $128.70. The stock's fifty day moving average price is $118.19 and its 200-day moving average price is $117.27.

RTX (NYSE:RTX - Get Free Report) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.34 by $0.11. The business had revenue of $20.09 billion during the quarter, compared to analyst estimates of $19.84 billion. RTX had a return on equity of 11.96% and a net margin of 5.97%. The business's revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.25 earnings per share. Sell-side analysts expect that RTX Co. will post 5.56 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently commented on RTX. Royal Bank of Canada raised shares of RTX from a "sector perform" rating to an "outperform" rating and raised their price objective for the stock from $130.00 to $140.00 in a research note on Thursday, December 19th. Morgan Stanley raised their price target on shares of RTX from $120.00 to $130.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 23rd. Susquehanna decreased their price objective on shares of RTX from $150.00 to $139.00 and set a "positive" rating for the company in a research report on Wednesday, January 8th. Barclays raised their target price on RTX from $108.00 to $130.00 and gave the company an "equal weight" rating in a research report on Tuesday, October 29th. Finally, Citigroup upped their price target on RTX from $122.00 to $132.00 and gave the stock a "neutral" rating in a report on Thursday, October 10th. 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. According to data from MarketBeat.com, RTX presently has a consensus rating of "Moderate Buy" and a consensus price target of $156.87.

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.