RTX Co. (NYSE:RTX) is Sage Capital Advisors llc’s 7th Largest Position

Sage Capital Advisors llc lessened its holdings in shares of RTX Co. (NYSE:RTX) by 0.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 90,379 shares of the company’s stock after selling 243 shares during the quarter. RTX comprises about 2.7% of Sage Capital Advisors llc’s holdings, making the stock its 7th biggest holding. Sage Capital Advisors llc’s holdings in RTX were worth $10,459,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. MidAtlantic Capital Management Inc. acquired a new position in RTX during the 3rd quarter worth approximately $29,000. Modus Advisors LLC acquired a new position in shares of RTX during the fourth quarter worth $39,000. Fairfield Financial Advisors LTD purchased a new position in RTX in the second quarter valued at $41,000. Western Pacific Wealth Management LP acquired a new stake in RTX in the third quarter valued at $41,000. Finally, Kimelman & Baird LLC acquired a new position in shares of RTX during the 2nd quarter worth about $46,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Stock Performance

Shares of NYSE:RTX traded down $0.31 during midday trading on Friday, hitting $115.61. The stock had a trading volume of 1,602,033 shares, compared to its average volume of 3,212,860. The company has a market capitalization of $153.88 billion, a PE ratio of 33.03, a P/E/G ratio of 2.08 and a beta of 0.81. RTX Co. has a 1 year low of $84.43 and a 1 year high of $128.70. The stock has a 50 day moving average price of $118.26 and a two-hundred day moving average price of $116.71. 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 (NYSE:RTX) last issued its earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 prior year, the business posted $1.25 EPS. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. As a group, equities analysts predict that RTX Co. will post 5.56 earnings per share for the current fiscal year.

Analysts Set New Price Targets

RTX has been the subject of several recent analyst reports. Barclays boosted their target price on RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 29th. TD Cowen raised shares of RTX to a “strong-buy” rating in a research report on Tuesday, October 8th. Morgan Stanley boosted their price target on shares of RTX from $120.00 to $130.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 23rd. Royal Bank of Canada raised RTX from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from $130.00 to $140.00 in a report on Thursday, December 19th. Finally, Wells Fargo & Company boosted their target price on RTX from $140.00 to $151.00 and gave the company an “overweight” rating in a report on Wednesday. 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. Based on data from MarketBeat, RTX currently has an average rating of “Moderate Buy” and a consensus target price of $156.87.

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.