Disciplined Investments LLC Has $64,000 Stock Position in RTX Co. (NYSE:RTX)

Disciplined Investments LLC lowered its stake in RTX Co. (NYSE:RTX) by 56.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 649 shares of the company’s stock after selling 855 shares during the quarter. Disciplined Investments LLC’s holdings in RTX were worth $64,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Norges Bank acquired a new stake in RTX during the 4th quarter worth $1,580,608,000. Moneta Group Investment Advisors LLC raised its stake in RTX by 87,932.7% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 13,614,259 shares of the company’s stock worth $1,373,951,000 after buying an additional 13,598,794 shares during the period. Sanders Capital LLC acquired a new stake in RTX during the 1st quarter worth $769,926,000. Morgan Stanley increased its holdings in RTX by 11.3% during the 4th quarter. Morgan Stanley now owns 30,509,436 shares of the company’s stock worth $3,079,013,000 after purchasing an additional 3,104,282 shares in the last quarter. Finally, Capital World Investors increased its holdings in RTX by 32.8% during the 1st quarter. Capital World Investors now owns 9,130,557 shares of the company’s stock worth $904,564,000 after purchasing an additional 2,256,475 shares in the last quarter. Institutional investors and hedge funds own 79.06% of the company’s stock.

RTX Trading Up 0.4 %

RTX stock opened at $75.80 on Friday. RTX Co. has a 52 week low of $73.62 and a 52 week high of $108.84. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.81 and a current ratio of 1.10. The stock has a market capitalization of $110.33 billion, a P/E ratio of 20.11, a PEG ratio of 1.92 and a beta of 0.97. The stock has a 50-day simple moving average of $87.19 and a 200 day simple moving average of $94.05.

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

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Barclays cut RTX from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $100.00 to $75.00 in a report on Tuesday, September 12th. Susquehanna lowered their target price on RTX from $117.00 to $110.00 in a report on Wednesday, July 26th. Citigroup lowered their target price on RTX from $113.50 to $95.00 and set a “neutral” rating for the company in a report on Thursday, July 27th. Robert W. Baird lowered their target price on RTX from $115.00 to $100.00 in a report on Wednesday, July 26th. Finally, TD Cowen lowered their target price on RTX from $109.00 to $99.00 and set an “outperform” rating for the company in a report on Tuesday, September 12th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus 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.