Accel Wealth Management Sells 133 Shares of RTX Co. (NYSE:RTX)

Accel Wealth Management reduced its stake in RTX Co. (NYSE:RTX) by 1.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,190 shares of the company’s stock after selling 133 shares during the quarter. Accel Wealth Management’s holdings in RTX were worth $1,063,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. AQR Capital Management LLC grew its position in RTX by 23.2% in the second quarter. AQR Capital Management LLC now owns 366,824 shares of the company’s stock valued at $36,825,000 after purchasing an additional 69,112 shares in the last quarter. Drucker Wealth 3.0 LLC bought a new position in shares of RTX in the 2nd quarter valued at about $307,000. Dark Forest Capital Management LP acquired a new stake in shares of RTX in the second quarter valued at about $248,000. MBB Public Markets I LLC raised its holdings in RTX by 2,154.5% during the second quarter. MBB Public Markets I LLC now owns 94,712 shares of the company’s stock worth $9,508,000 after acquiring an additional 90,511 shares in the last quarter. Finally, Mark Asset Management LP raised its holdings in RTX by 22.8% during the second quarter. Mark Asset Management LP now owns 109,692 shares of the company’s stock worth $11,012,000 after acquiring an additional 20,358 shares in the last quarter. 86.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

RTX has been the topic of several recent analyst reports. Wells Fargo & Company boosted their price target on RTX from $140.00 to $151.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 8th. Citigroup upgraded shares of RTX from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $132.00 to $153.00 in a report on Tuesday. Barclays increased their price target on shares of RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 29th. Morgan Stanley boosted their price objective on shares of RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of RTX from a “hold” rating to a “buy” rating and raised their target price for the company from $131.00 to $140.00 in a research note on Thursday, January 2nd. Five equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $158.27.

RTX Stock Performance

RTX opened at $125.23 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.99 and a quick ratio of 0.73. The company has a market capitalization of $166.69 billion, a PE ratio of 35.78, a price-to-earnings-growth ratio of 1.99 and a beta of 0.81. The business has a fifty day simple moving average of $118.38 and a 200 day simple moving average of $118.29. RTX Co. has a 1 year low of $88.90 and a 1 year high of $128.70.

RTX (NYSE:RTX) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, beating the consensus estimate of $1.34 by $0.11. RTX had a net margin of 5.97% and a return on equity of 11.96%. The business had revenue of $20.09 billion for the quarter, compared to the consensus estimate of $19.84 billion. During the same period in the prior year, the company posted $1.25 earnings per share. RTX’s revenue was up 6.0% compared to the same quarter last year. Research analysts expect that RTX Co. will post 5.56 EPS for the current year.

RTX 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.