Stillwater Capital Advisors LLC decreased its position in shares of RTX Co. (NYSE:RTX – Free Report) by 0.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 184,070 shares of the company’s stock after selling 143 shares during the period. RTX accounts for approximately 3.2% of Stillwater Capital Advisors LLC’s portfolio, making the stock its 8th biggest position. Stillwater Capital Advisors LLC’s holdings in RTX were worth $18,032,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Mather Group LLC. boosted its position in RTX by 31.8% during the fourth quarter. Mather Group LLC. now owns 11,212 shares of the company’s stock valued at $1,132,000 after purchasing an additional 2,704 shares during the last quarter. Banque Pictet & Cie SA raised its holdings in RTX by 13.0% during the first quarter. Banque Pictet & Cie SA now owns 19,106 shares of the company’s stock valued at $1,871,000 after buying an additional 2,200 shares in the last quarter. Cypress Asset Management Inc. TX raised its holdings in RTX by 6.9% during the first quarter. Cypress Asset Management Inc. TX now owns 38,884 shares of the company’s stock valued at $3,808,000 after buying an additional 2,513 shares in the last quarter. CIBC Private Wealth Group LLC raised its holdings in RTX by 4.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 4,951,711 shares of the company’s stock valued at $8,016,000 after buying an additional 202,376 shares in the last quarter. Finally, Avantax Advisory Services Inc. raised its holdings in RTX by 46.7% during the first quarter. Avantax Advisory Services Inc. now owns 123,768 shares of the company’s stock valued at $12,121,000 after buying an additional 39,387 shares in the last quarter. Institutional investors and hedge funds own 79.06% of the company’s stock.
Analysts Set New Price Targets
Several equities analysts have weighed in on the company. StockNews.com upgraded RTX from a “hold” rating to a “buy” rating in a report on Tuesday. Wells Fargo & Company dropped their price objective on RTX from $100.00 to $78.00 and set an “equal weight” rating on the stock in a research note on Monday. Robert W. Baird dropped their price objective on RTX from $115.00 to $100.00 in a research note on Wednesday, July 26th. JPMorgan Chase & Co. dropped their price objective on RTX from $100.00 to $87.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 13th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $95.00 price objective (down from $110.00) on shares of RTX in a research note on Wednesday, July 26th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $94.06.
RTX Stock Down 0.1 %
NYSE RTX opened at $75.14 on Tuesday. The firm has a market cap of $109.37 billion, a PE ratio of 19.94, a price-to-earnings-growth ratio of 1.87 and a beta of 0.97. RTX Co. has a one year low of $73.62 and a one year high of $108.84. The stock’s 50 day simple moving average is $86.75 and its 200 day simple moving average is $93.86. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.10 and a quick ratio of 0.81.
RTX (NYSE:RTX – Get Free Report) last announced its quarterly earnings data on Tuesday, July 25th. The company reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.18 by $0.11. The firm had revenue of $18.32 billion for the quarter, compared to analyst estimates of $17.68 billion. RTX had a return on equity of 9.98% and a net margin of 7.88%. The business’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same period last year, the company earned $1.16 EPS. As a group, sell-side analysts forecast that RTX Co. will post 4.99 earnings per share for the current fiscal year.
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.
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