Dakota Wealth Management Lowers Position in RTX Co. (NYSE:RTX)

Dakota Wealth Management reduced its position in shares of RTX Co. (NYSE:RTX) by 0.4% in the 4th quarter, HoldingsChannel reports. The firm owned 32,289 shares of the company’s stock after selling 121 shares during the period. Dakota Wealth Management’s holdings in RTX were worth $3,736,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in RTX. LRI Investments LLC raised its stake in shares of RTX by 6.5% during the 3rd quarter. LRI Investments LLC now owns 77,543 shares of the company’s stock worth $9,221,000 after buying an additional 4,732 shares in the last quarter. Napa Wealth Management acquired a new stake in RTX in the third quarter valued at $1,307,000. Czech National Bank boosted its position in shares of RTX by 6.5% during the 4th quarter. Czech National Bank now owns 288,591 shares of the company’s stock worth $33,396,000 after purchasing an additional 17,608 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of RTX by 16.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 78,994 shares of the company’s stock worth $9,510,000 after purchasing an additional 11,354 shares during the period. Finally, Empirical Asset Management LLC purchased a new position in shares of RTX in the 4th quarter valued at about $8,387,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Stock Down 1.0 %

Shares of NYSE RTX opened at $124.49 on Thursday. The firm’s 50 day moving average price is $118.10 and its 200 day moving average price is $118.06. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 0.99. The firm has a market cap of $165.69 billion, a P/E ratio of 35.57, a price-to-earnings-growth ratio of 2.01 and a beta of 0.81. RTX Co. has a 1 year low of $87.96 and a 1 year high of $128.70.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $19.84 billion. During the same quarter last year, the firm earned $1.25 earnings per share. The business’s revenue was up 6.0% on a year-over-year basis. As a group, sell-side analysts anticipate that RTX Co. will post 5.56 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have weighed in on RTX. UBS Group upped their target price on shares of RTX from $126.00 to $133.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Royal Bank of Canada upgraded RTX from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $130.00 to $140.00 in a report on Thursday, December 19th. Susquehanna reduced their price objective on RTX from $150.00 to $139.00 and set a “positive” rating for the company in a report on Wednesday, January 8th. TD Cowen raised RTX to a “strong-buy” rating in a report on Tuesday, October 8th. Finally, Morgan Stanley boosted their price objective on shares of RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 23rd. Five equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, RTX currently has an average rating of “Moderate Buy” and an average target price 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.