St. Louis Financial Planners Asset Management LLC Decreases Stock Position in RTX Co. (NYSE:RTX)

St. Louis Financial Planners Asset Management LLC cut its stake in RTX Co. (NYSE:RTX - Free Report) by 35.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,140 shares of the company's stock after selling 6,076 shares during the quarter. RTX comprises about 0.9% of St. Louis Financial Planners Asset Management LLC's holdings, making the stock its 24th largest position. St. Louis Financial Planners Asset Management LLC's holdings in RTX were worth $1,289,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in RTX. Elgethun Capital Management raised its position in shares of RTX by 3.8% during the second quarter. Elgethun Capital Management now owns 2,326 shares of the company's stock valued at $233,000 after buying an additional 85 shares during the last quarter. Avestar Capital LLC increased its holdings in RTX by 0.6% in the 3rd quarter. Avestar Capital LLC now owns 14,461 shares of the company's stock valued at $1,752,000 after acquiring an additional 85 shares during the last quarter. Arbor Wealth Advisors LLC lifted its stake in RTX by 3.7% in the 4th quarter. Arbor Wealth Advisors LLC now owns 2,382 shares of the company's stock worth $276,000 after purchasing an additional 85 shares in the last quarter. Mowery & Schoenfeld Wealth Management LLC boosted its holdings in shares of RTX by 20.1% during the 3rd quarter. Mowery & Schoenfeld Wealth Management LLC now owns 514 shares of the company's stock valued at $62,000 after purchasing an additional 86 shares during the last quarter. Finally, Blackston Financial Advisory Group LLC grew its position in shares of RTX by 3.7% during the third quarter. Blackston Financial Advisory Group LLC now owns 2,403 shares of the company's stock valued at $291,000 after purchasing an additional 86 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Wells Fargo & Company raised their price target on RTX from $140.00 to $151.00 and gave the company an "overweight" rating in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft upgraded shares of RTX from a "hold" rating to a "buy" rating and increased their price objective for the company from $131.00 to $140.00 in a research report on Thursday, January 2nd. Barclays boosted their target price on shares of RTX from $108.00 to $130.00 and gave the stock an "equal weight" rating in a report on Tuesday, October 29th. Citigroup lifted their price target on RTX from $122.00 to $132.00 and gave the stock a "neutral" rating in a research report on Thursday, October 10th. Finally, UBS Group upped their price objective on RTX from $126.00 to $133.00 and gave the company a "neutral" rating in a research report on Wednesday, October 23rd. Six analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $156.87.

RTX Stock Up 0.7 %

Shares of RTX stock traded up $0.81 during trading on Thursday, hitting $119.90. 1,881,533 shares of the stock traded hands, compared to its average volume of 3,744,360. 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 stock's fifty day simple moving average is $118.14 and its 200 day simple moving average is $117.28. The firm has a market cap of $159.59 billion, a P/E ratio of 34.25, a price-to-earnings-growth ratio of 1.84 and a beta of 0.81. RTX Co. has a 52-week low of $84.43 and a 52-week high of $128.70.

RTX (NYSE:RTX - Get Free Report) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, beating the consensus estimate 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 net margin of 5.97% and a return on equity of 11.96%. The company's quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.25 EPS. On average, equities analysts predict that RTX Co. will post 5.55 earnings per share for the current fiscal year.

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.