RTX Co. (NYSE:RTX) Shares Sold by Compass Wealth Management LLC

Compass Wealth Management LLC lowered its holdings in RTX Co. (NYSE:RTX) by 5.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 36,587 shares of the company’s stock after selling 2,119 shares during the quarter. Compass Wealth Management LLC’s holdings in RTX were worth $4,234,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GSB Wealth Management LLC grew its position in RTX by 1.2% in the fourth quarter. GSB Wealth Management LLC now owns 18,576 shares of the company’s stock worth $2,150,000 after buying an additional 212 shares during the last quarter. Cyndeo Wealth Partners LLC boosted its stake in shares of RTX by 0.8% during the 4th quarter. Cyndeo Wealth Partners LLC now owns 29,546 shares of the company’s stock worth $3,419,000 after acquiring an additional 235 shares in the last quarter. Eclectic Associates Inc. ADV raised its position in shares of RTX by 2.9% during the fourth quarter. Eclectic Associates Inc. ADV now owns 6,039 shares of the company’s stock worth $699,000 after purchasing an additional 173 shares during the period. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of RTX by 4.8% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 441,079 shares of the company’s stock valued at $51,042,000 after purchasing an additional 20,182 shares during the last quarter. Finally, Exchange Traded Concepts LLC boosted its position in shares of RTX by 7.3% in the 4th quarter. Exchange Traded Concepts LLC now owns 90,506 shares of the company’s stock valued at $10,473,000 after purchasing an additional 6,139 shares during the period. 86.50% of the stock is currently owned by institutional investors.

RTX Stock Performance

NYSE RTX opened at $125.23 on Friday. The stock has a market cap of $166.69 billion, a P/E ratio of 35.78, a PEG ratio of 1.99 and a beta of 0.81. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 0.62. RTX Co. has a twelve month low of $88.90 and a twelve month high of $128.70. The company’s 50-day simple moving average is $118.38 and its 200 day simple moving average is $118.29.

RTX (NYSE:RTX) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 earnings per share for the quarter, beating 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 company had revenue of $20.09 billion for the quarter, compared to analyst estimates of $19.84 billion. During the same period in the prior year, the company posted $1.25 EPS. The company’s revenue was up 6.0% compared to the same quarter last year. As a group, research analysts forecast that RTX Co. will post 5.56 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on RTX shares. TD Cowen upgraded RTX to a “strong-buy” rating in a report on Tuesday, October 8th. UBS Group raised their price target on shares of RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Wells Fargo & Company upped their price objective on shares of RTX from $140.00 to $151.00 and gave the stock an “overweight” rating in a report on Wednesday, January 8th. Royal Bank of Canada raised RTX from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from $130.00 to $140.00 in a research report on Thursday, December 19th. Finally, Morgan Stanley increased their price objective on RTX from $120.00 to $130.00 and gave the company an “equal weight” rating in a report on Wednesday, October 23rd. Five investment 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. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $158.27.

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.