RTX Co. (NYSE:RTX) Stake Lessened by ZWJ Investment Counsel Inc.

ZWJ Investment Counsel Inc. decreased its holdings in shares of RTX Co. (NYSE:RTX) by 0.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 21,330 shares of the company’s stock after selling 117 shares during the quarter. ZWJ Investment Counsel Inc.’s holdings in RTX were worth $2,468,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Pure Financial Advisors LLC boosted its position in RTX by 0.7% during the 4th quarter. Pure Financial Advisors LLC now owns 16,852 shares of the company’s stock worth $1,950,000 after acquiring an additional 114 shares during the period. Tudor Financial Inc. lifted its position in shares of RTX by 1.6% in the fourth quarter. Tudor Financial Inc. now owns 6,684 shares of the company’s stock worth $773,000 after purchasing an additional 106 shares in the last quarter. Leonard Rickey Investment Advisors P.L.L.C. grew its position in RTX by 10.7% during the fourth quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 1,853 shares of the company’s stock valued at $214,000 after purchasing an additional 179 shares in the last quarter. LaFleur & Godfrey LLC increased its stake in RTX by 0.5% in the 4th quarter. LaFleur & Godfrey LLC now owns 178,191 shares of the company’s stock valued at $20,620,000 after buying an additional 900 shares during the period. Finally, MassMutual Private Wealth & Trust FSB lifted its position in RTX by 2.4% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 246,437 shares of the company’s stock worth $28,518,000 after buying an additional 5,718 shares in the last quarter. 86.50% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

RTX has been the topic of several research analyst reports. Morgan Stanley boosted their price target on shares of RTX from $120.00 to $130.00 and gave the company an “equal weight” rating in a report on Wednesday, October 23rd. Citigroup boosted their target price on RTX from $122.00 to $132.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Wells Fargo & Company raised their price target on RTX from $140.00 to $151.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 8th. Barclays boosted their price target on RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 29th. Finally, Royal Bank of Canada raised shares of RTX from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $130.00 to $140.00 in a research report on Thursday, December 19th. Six equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $156.87.

RTX Stock Performance

NYSE:RTX opened at $121.30 on Tuesday. The firm has a market capitalization of $161.45 billion, a PE ratio of 34.66, a PEG ratio of 1.93 and a beta of 0.81. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.62. RTX Co. has a 1 year low of $84.43 and a 1 year high of $128.70. The firm’s fifty day simple moving average is $118.03 and its 200 day simple moving average is $117.84.

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