Radnor Capital Management LLC lessened its holdings in shares of RTX Co. (NYSE:RTX - Free Report) by 36.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 19,827 shares of the company's stock after selling 11,496 shares during the quarter. Radnor Capital Management LLC's holdings in RTX were worth $2,294,000 as of its most recent filing with the SEC.
Other hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC raised its holdings in shares of RTX by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 27,263,780 shares of the company's stock valued at $3,290,622,000 after buying an additional 508,344 shares during the period. Fisher Asset Management LLC raised its stake 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 purchasing an additional 852,183 shares during the period. Legal & General Group Plc lifted its position in shares of RTX by 4.4% during the second quarter. Legal & General Group Plc now owns 8,577,770 shares of the company's stock worth $861,122,000 after purchasing an additional 362,340 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of RTX by 5.2% in the second quarter. Ameriprise Financial Inc. now owns 8,284,944 shares of the company's stock valued at $831,740,000 after purchasing an additional 408,551 shares during the period. Finally, FMR LLC grew its holdings in RTX by 8.7% during the 3rd quarter. FMR LLC now owns 6,102,848 shares of the company's stock valued at $739,421,000 after purchasing an additional 490,109 shares in the last quarter. Hedge funds and other institutional investors own 86.50% of the company's stock.
RTX Stock Performance
RTX stock traded down $0.40 during midday trading on Wednesday, reaching $119.07. 4,279,636 shares of the stock traded hands, compared to its average volume of 3,956,879. RTX Co. has a fifty-two week low of $84.43 and a fifty-two week 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. The firm has a market cap of $158.48 billion, a price-to-earnings ratio of 34.02, a PEG ratio of 2.08 and a beta of 0.81. The firm has a fifty day moving average price of $118.19 and a two-hundred day moving average price of $117.27.
RTX (NYSE:RTX - Get Free Report) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.11. RTX had a return on equity of 11.96% and a net margin of 5.97%. The business had revenue of $20.09 billion during the quarter, compared to the consensus estimate of $19.84 billion. During the same period in the previous year, the firm posted $1.25 earnings per share. The business's revenue was up 6.0% on a year-over-year basis. On average, equities research analysts forecast that RTX Co. will post 5.56 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on the stock. Barclays upped their price objective on shares of RTX from $108.00 to $130.00 and gave the company an "equal weight" rating in a research report on Tuesday, October 29th. Morgan Stanley raised their price objective on RTX from $120.00 to $130.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 23rd. TD Cowen upgraded RTX to a "strong-buy" rating in a research note on Tuesday, October 8th. Citigroup lifted their price target on shares of RTX from $122.00 to $132.00 and gave the stock a "neutral" rating in a research note on Thursday, October 10th. Finally, UBS Group raised their price objective on shares of RTX from $126.00 to $133.00 and gave the stock a "neutral" rating in a report on Wednesday, October 23rd. Six analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, RTX presently has a consensus rating of "Moderate Buy" and a consensus target price of $156.87.
Read Our Latest Stock Analysis on RTX
About RTX
(
Free Report)
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.
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