RTX Co. (NYSE:RTX) Shares Sold by Vantage Investment Partners LLC

Vantage Investment Partners LLC lowered its stake in shares of RTX Co. (NYSE:RTX) by 6.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 118,427 shares of the company’s stock after selling 7,687 shares during the period. RTX accounts for approximately 1.2% of Vantage Investment Partners LLC’s portfolio, making the stock its 25th biggest holding. Vantage Investment Partners LLC’s holdings in RTX were worth $13,704,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. boosted its position in RTX by 545.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,478,784 shares of the company’s stock worth $286,845,000 after acquiring an additional 2,094,834 shares during the last quarter. International Assets Investment Management LLC lifted its stake in shares of RTX by 11,235.6% during the 3rd quarter. International Assets Investment Management LLC now owns 1,701,013 shares of the company’s stock worth $206,095,000 after purchasing an additional 1,686,007 shares during the period. Fisher Asset Management LLC boosted its holdings 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 worth $2,238,004,000 after purchasing an additional 852,183 shares during the last quarter. Janus Henderson Group PLC grew its position in shares of RTX by 256.6% in the third quarter. Janus Henderson Group PLC now owns 976,527 shares of the company’s stock valued at $118,309,000 after purchasing an additional 702,699 shares during the period. Finally, abrdn plc increased its stake in RTX by 527.6% in the third quarter. abrdn plc now owns 605,790 shares of the company’s stock valued at $72,852,000 after purchasing an additional 509,261 shares during the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Trading Down 0.5 %

NYSE RTX opened at $124.72 on Tuesday. The stock has a market cap of $166.00 billion, a P/E ratio of 35.63, a PEG ratio of 1.99 and a beta of 0.81. The company’s fifty day simple moving average is $118.49 and its 200-day simple moving average is $118.70. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.62. RTX Co. has a 52 week low of $88.90 and a 52 week high of $128.70.

Analyst Upgrades and Downgrades

Several research firms have commented on RTX. 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 report on Thursday, December 19th. TD Cowen upgraded shares of RTX to a “strong-buy” rating in a report on Tuesday, October 8th. Wells Fargo & Company increased their price target on shares of RTX from $140.00 to $151.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft raised shares of RTX from a “hold” rating to a “buy” rating and boosted their price objective for the company from $131.00 to $140.00 in a research note on Thursday, January 2nd. Finally, Barclays increased their target price on RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 29th. Five equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $158.27.

RTX Company 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.