Butensky & Cohen Financial Security Inc. Sells 3,643 Shares of RTX Co. (NYSE:RTX)

Butensky & Cohen Financial Security Inc. reduced its holdings in RTX Co. (NYSE:RTX - Free Report) by 7.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 47,109 shares of the company's stock after selling 3,643 shares during the quarter. RTX comprises 1.7% of Butensky & Cohen Financial Security Inc.'s holdings, making the stock its 13th largest holding. Butensky & Cohen Financial Security Inc.'s holdings in RTX were worth $5,451,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in RTX. MidAtlantic Capital Management Inc. bought a new stake in RTX in the 3rd quarter valued at about $29,000. Western Pacific Wealth Management LP bought a new stake in shares of RTX during the third quarter valued at approximately $41,000. Modus Advisors LLC acquired a new position in shares of RTX during the fourth quarter worth approximately $39,000. ORG Wealth Partners LLC bought a new position in shares of RTX in the 3rd quarter worth $50,000. Finally, Kimelman & Baird LLC bought a new stake in RTX during the 2nd quarter valued at $46,000. 86.50% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have weighed in on RTX shares. Morgan Stanley raised their price objective on shares of RTX from $120.00 to $130.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 23rd. Royal Bank of Canada upgraded RTX from a "sector perform" rating to an "outperform" rating and lifted their price target for the company from $130.00 to $140.00 in a research note on Thursday, December 19th. Citigroup increased their price objective on RTX from $122.00 to $132.00 and gave the stock a "neutral" rating in a research note on Thursday, October 10th. Susquehanna decreased their price target on RTX from $150.00 to $139.00 and set a "positive" rating for the company in a report on Wednesday, January 8th. Finally, UBS Group lifted 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 issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $156.87.

RTX Price Performance

NYSE:RTX traded up $0.84 during mid-day trading on Friday, reaching $121.30. The stock had a trading volume of 4,182,063 shares, compared to its average volume of 3,467,505. RTX Co. has a one year low of $84.43 and a one year high of $128.70. 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 50 day moving average price of $118.10 and a two-hundred day moving average price of $117.45. The stock has a market capitalization of $161.45 billion, a P/E ratio of 34.66, a P/E/G ratio of 1.84 and a beta of 0.81.

RTX (NYSE:RTX - Get Free Report) last announced its quarterly earnings data 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. RTX had a net margin of 5.97% and a return on equity of 11.96%. The company had revenue of $20.09 billion during the quarter, compared to analysts' expectations of $19.84 billion. During the same quarter in the prior year, the company earned $1.25 EPS. The firm's revenue was up 6.0% on a year-over-year basis. As a group, analysts expect that RTX Co. will post 5.55 earnings per share for the current year.

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.