RTX Co. (NYSE:RTX) Shares Sold by Westside Investment Management Inc.

Westside Investment Management Inc. trimmed its stake in shares of RTX Co. (NYSE:RTX) by 8.6% in the 4th quarter, HoldingsChannel reports. The firm owned 3,201 shares of the company’s stock after selling 300 shares during the quarter. Westside Investment Management Inc.’s holdings in RTX were worth $370,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of RTX. Cetera Trust Company N.A boosted its holdings in shares of RTX by 0.8% in the fourth quarter. Cetera Trust Company N.A now owns 18,802 shares of the company’s stock worth $2,176,000 after buying an additional 150 shares during the period. Magnus Financial Group LLC grew its position in RTX by 8.5% during the 4th quarter. Magnus Financial Group LLC now owns 10,217 shares of the company’s stock worth $1,182,000 after purchasing an additional 804 shares in the last quarter. Advisory Alpha LLC acquired a new stake in RTX during the 4th quarter valued at $466,000. Eads & Heald Wealth Management boosted its position in shares of RTX by 1.4% in the fourth quarter. Eads & Heald Wealth Management now owns 8,245 shares of the company’s stock worth $954,000 after buying an additional 115 shares during the period. Finally, Nisa Investment Advisors LLC raised its position in RTX by 57.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 619,174 shares of the company’s stock valued at $71,651,000 after buying an additional 226,843 shares during the period. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on RTX. Wells Fargo & Company lifted their target price on RTX from $140.00 to $151.00 and gave the company an “overweight” rating in a research note on Wednesday, January 8th. Susquehanna lowered their price target on shares of RTX from $150.00 to $139.00 and set a “positive” rating on the stock in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft upgraded RTX from a “hold” rating to a “buy” rating and increased their price objective for the stock from $131.00 to $140.00 in a report on Thursday, January 2nd. TD Cowen raised RTX to a “strong-buy” rating in a research note on Tuesday, October 8th. Finally, Morgan Stanley boosted their price target on RTX from $120.00 to $130.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 23rd. Five equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $158.27.

RTX Trading Down 1.5 %

RTX stock opened at $123.84 on Wednesday. The business’s 50-day simple moving average is $118.08 and its 200-day simple moving average is $118.01. RTX Co. has a 52 week low of $87.96 and a 52 week high of $128.70. The firm has a market capitalization of $164.83 billion, a PE ratio of 35.39, a PEG ratio of 1.93 and a beta of 0.81. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 0.99.

RTX (NYSE:RTX) last issued its quarterly earnings results on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.11. The company had revenue of $20.09 billion during the quarter, compared to analyst estimates of $19.84 billion. RTX had a return on equity of 11.96% and a net margin of 5.97%. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.25 earnings per share. Equities research analysts forecast that RTX Co. will post 5.56 earnings per share for the current year.

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.