RTX Co. (NYSE:RTX) Shares Sold by AdvisorNet Financial Inc

AdvisorNet Financial Inc lowered its holdings in RTX Co. (NYSE:RTX) by 13.2% in the fourth quarter, HoldingsChannel reports. The firm owned 18,781 shares of the company’s stock after selling 2,857 shares during the quarter. AdvisorNet Financial Inc’s holdings in RTX were worth $2,173,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in RTX. Elgethun Capital Management grew its stake in shares of RTX by 3.8% in the second quarter. Elgethun Capital Management now owns 2,326 shares of the company’s stock worth $233,000 after acquiring an additional 85 shares in the last quarter. Avestar Capital LLC grew its stake in RTX by 0.6% during the 3rd quarter. Avestar Capital LLC now owns 14,461 shares of the company’s stock worth $1,752,000 after purchasing an additional 85 shares in the last quarter. Mowery & Schoenfeld Wealth Management LLC increased its holdings in RTX by 20.1% during the 3rd quarter. Mowery & Schoenfeld Wealth Management LLC now owns 514 shares of the company’s stock worth $62,000 after purchasing an additional 86 shares during the period. Blackston Financial Advisory Group LLC raised its position in RTX by 3.7% in the 3rd 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. Finally, Canal Capital Management LLC boosted its stake in shares of RTX by 2.1% in the 3rd quarter. Canal Capital Management LLC now owns 4,253 shares of the company’s stock valued at $515,000 after buying an additional 87 shares during the period. 86.50% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

RTX has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft raised shares of RTX from a “hold” rating to a “buy” rating and raised their target price for the company from $131.00 to $140.00 in a report on Thursday, January 2nd. Barclays lifted their price objective on shares of RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 29th. Morgan Stanley increased their target price on RTX from $120.00 to $130.00 and gave the company an “equal weight” rating in a report on Wednesday, October 23rd. UBS Group upped their price objective on RTX from $126.00 to $133.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Finally, Wells Fargo & Company raised their target price on RTX from $140.00 to $151.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 8th. Six research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $156.87.

RTX Stock Performance

Shares of RTX stock opened at $119.36 on Wednesday. The stock’s 50-day moving average price is $118.18 and its 200 day moving average price is $117.14. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $158.87 billion, a PE ratio of 34.10, a price-to-earnings-growth ratio of 2.08 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) last released its earnings results 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 return on equity of 11.96% and a net margin of 5.97%. The business had revenue of $20.09 billion for the quarter, compared to analyst estimates of $19.84 billion. During the same quarter in the previous year, the company posted $1.25 earnings per share. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. As a group, equities research analysts forecast that RTX Co. will post 5.56 EPS 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.