Osborne Partners Capital Management LLC Sells 705 Shares of RTX Co. (NYSE:RTX)

Osborne Partners Capital Management LLC lessened its position in shares of RTX Co. (NYSE:RTX) by 1.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 67,005 shares of the company’s stock after selling 705 shares during the period. Osborne Partners Capital Management LLC’s holdings in RTX were worth $7,754,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Czech National Bank grew its stake in shares of RTX by 7.0% in the third quarter. Czech National Bank now owns 270,983 shares of the company’s stock valued at $32,832,000 after acquiring an additional 17,645 shares in the last quarter. HBW Advisory Services LLC bought a new stake in RTX in the 3rd quarter valued at about $263,000. Fluent Financial LLC grew its position in shares of RTX by 370.8% during the 3rd quarter. Fluent Financial LLC now owns 9,467 shares of the company’s stock worth $1,147,000 after purchasing an additional 7,456 shares in the last quarter. Eclectic Associates Inc. ADV increased its holdings in shares of RTX by 3.0% during the third quarter. Eclectic Associates Inc. ADV now owns 5,866 shares of the company’s stock worth $711,000 after purchasing an additional 171 shares during the period. Finally, Inspirion Wealth Advisors LLC acquired a new stake in shares of RTX in the third quarter valued at approximately $227,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

Analyst Upgrades and Downgrades

RTX has been the topic of a number of recent research reports. UBS Group raised their price objective on RTX from $128.00 to $142.00 and gave the stock a “neutral” rating in a research note on Wednesday. Wells Fargo & Company raised their price target on RTX from $151.00 to $156.00 and gave the stock an “overweight” rating in a research report on Thursday. Morgan Stanley upped their price objective on shares of RTX from $130.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Bank of America boosted their target price on shares of RTX from $145.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Vertical Research upgraded shares of RTX to a “strong-buy” rating in a research report on Tuesday, January 28th. Six equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $163.07.

RTX Stock Performance

RTX stock opened at $129.08 on Friday. The business has a 50 day moving average of $119.14 and a 200-day moving average of $119.30. The company has a market capitalization of $171.81 billion, a P/E ratio of 36.36, a P/E/G ratio of 1.99 and a beta of 0.81. RTX Co. has a 1 year low of $88.90 and a 1 year high of $132.43. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.73.

RTX (NYSE:RTX) last released its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.19. RTX had a net margin of 5.91% and a return on equity of 12.45%. On average, equities research analysts predict that RTX Co. will post 6.1 earnings per share for the current 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.