Radnor Capital Management LLC Has $2.07 Million Position in RTX Co. (NYSE:RTX)

Radnor Capital Management LLC raised its stake in shares of RTX Co. (NYSE:RTX) by 3.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,152 shares of the company’s stock after buying an additional 720 shares during the quarter. RTX comprises 0.9% of Radnor Capital Management LLC’s portfolio, making the stock its 24th biggest position. Radnor Capital Management LLC’s holdings in RTX were worth $2,072,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Cantor Fitzgerald Investment Advisor L.P grew its position in shares of RTX by 94.5% in the 1st quarter. Cantor Fitzgerald Investment Advisor L.P now owns 322,180 shares of the company’s stock valued at $31,918,000 after purchasing an additional 156,550 shares during the period. Parkside Financial Bank & Trust grew its position in shares of RTX by 9.2% in the 1st quarter. Parkside Financial Bank & Trust now owns 11,011 shares of the company’s stock valued at $1,091,000 after purchasing an additional 931 shares during the period. Ironwood Wealth Management LLC. grew its position in shares of RTX by 1.2% in the 1st quarter. Ironwood Wealth Management LLC. now owns 10,761 shares of the company’s stock valued at $1,066,000 after purchasing an additional 128 shares during the period. AMI Investment Management Inc. grew its position in shares of RTX by 53.1% in the 1st quarter. AMI Investment Management Inc. now owns 35,502 shares of the company’s stock valued at $3,517,000 after purchasing an additional 12,316 shares during the period. Finally, LSV Asset Management grew its position in shares of RTX by 1.4% in the 1st quarter. LSV Asset Management now owns 141,700 shares of the company’s stock valued at $14,038,000 after purchasing an additional 2,000 shares during the period. 79.06% of the stock is currently owned by institutional investors and hedge funds.

RTX Stock Up 0.8 %

Shares of RTX stock traded up $0.64 on Friday, reaching $76.14. 3,277,059 shares of the company were exchanged, compared to its average volume of 5,393,810. RTX Co. has a one year low of $73.62 and a one year high of $108.84. The company has a 50-day moving average of $87.62 and a 200 day moving average of $94.24. The company has a current ratio of 1.10, a quick ratio of 0.81 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $110.82 billion, a price-to-earnings ratio of 20.03, a PEG ratio of 1.92 and a beta of 0.97.

RTX (NYSE:RTX) last posted its quarterly earnings results on Tuesday, July 25th. The company reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.18 by $0.11. RTX had a return on equity of 9.98% and a net margin of 7.88%. The business had revenue of $18.32 billion for the quarter, compared to analysts’ expectations of $17.68 billion. During the same quarter in the prior year, the business earned $1.16 EPS. The firm’s revenue for the quarter was up 12.3% on a year-over-year basis. On average, equities research analysts forecast that RTX Co. will post 4.99 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on RTX shares. DZ Bank downgraded RTX from a “buy” rating to a “hold” rating and set a $79.00 price target for the company. in a research report on Thursday. Royal Bank of Canada downgraded RTX from an “outperform” rating to a “sector perform” rating and reduced their price target for the stock from $105.00 to $82.00 in a research report on Tuesday. StockNews.com downgraded RTX from a “buy” rating to a “hold” rating in a research report on Monday. Melius downgraded RTX from an “overweight” rating to a “neutral” rating and set a $92.00 price target for the company. in a research report on Monday. Finally, Robert W. Baird reduced their price target on RTX from $115.00 to $100.00 in a research report on Wednesday, July 26th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $95.88.

RTX Profile

RTX Corporation, an aerospace and defense company, provides systems and services for the commercial, military, and government customers worldwide. It operates through four segments: Collins Aerospace, Pratt & Whitney, Raytheon Intelligence & Space, and Raytheon Missiles & Defense. The Collins Aerospace Systems segment offers aerospace and defense products, and aftermarket service solutions for aircraft manufacturers and airlines, as well as regional, business, and general aviation; and for defense and commercial space operations.