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

Sage Capital Advisors llc trimmed its position in shares of RTX Co. (NYSE:RTX) by 0.3% during the fourth quarter, Holdings Channel reports. The firm owned 90,379 shares of the company’s stock after selling 243 shares during the quarter. RTX comprises approximately 2.7% of Sage Capital Advisors llc’s holdings, making the stock its 7th biggest position. Sage Capital Advisors llc’s holdings in RTX were worth $10,459,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. MidAtlantic Capital Management Inc. acquired a new stake in shares of RTX during the third quarter valued at $29,000. Modus Advisors LLC acquired a new position in RTX in the fourth quarter valued at $39,000. Fairfield Financial Advisors LTD purchased a new position in RTX during the second quarter worth about $41,000. Western Pacific Wealth Management LP purchased a new position in shares of RTX during the 3rd quarter worth about $41,000. Finally, Kimelman & Baird LLC acquired a new stake in shares of RTX in the second quarter worth approximately $46,000. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Stock Down 0.3 %

RTX stock traded down $0.31 during midday trading on Friday, hitting $115.61. 1,602,033 shares of the stock were exchanged, compared to its average volume of 3,212,860. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.99 and a quick ratio of 0.73. The company has a 50 day moving average price of $118.26 and a two-hundred day moving average price of $116.71. The firm has a market cap of $153.88 billion, a P/E 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.

RTX (NYSE:RTX) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 earnings per share 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 firm had revenue of $20.09 billion during the quarter, compared to analyst estimates of $19.84 billion. During the same quarter last year, the firm earned $1.25 EPS. RTX’s quarterly revenue was up 6.0% on a year-over-year basis. On average, sell-side analysts predict that RTX Co. will post 5.56 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft raised shares of RTX from a “hold” rating to a “buy” rating and increased their price target for the stock from $131.00 to $140.00 in a research note on Thursday, January 2nd. Susquehanna reduced their target price on RTX from $150.00 to $139.00 and set a “positive” rating on the stock in a report on Wednesday. TD Cowen upgraded RTX to a “strong-buy” rating in a research note on Tuesday, October 8th. Royal Bank of Canada raised RTX from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from $130.00 to $140.00 in a research note on Thursday, December 19th. Finally, UBS Group increased 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. Six analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $156.87.

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.