Charter Oak Capital Management LLC Trims Stake in RTX Co. (NYSE:RTX)

Charter Oak Capital Management LLC lessened its holdings in RTX Co. (NYSE:RTX) by 2.0% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,443 shares of the company’s stock after selling 175 shares during the period. Charter Oak Capital Management LLC’s holdings in RTX were worth $977,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Dark Forest Capital Management LP purchased a new stake in RTX in the second quarter valued at approximately $248,000. Ascent Group LLC bought a new stake in shares of RTX during the 2nd quarter worth $251,000. Creative Planning increased its stake in RTX by 7.2% in the second quarter. Creative Planning now owns 484,665 shares of the company’s stock valued at $48,656,000 after acquiring an additional 32,473 shares during the last quarter. Magnolia Capital Advisors LLC purchased a new stake in RTX during the second quarter valued at about $253,000. Finally, NewEdge Advisors LLC lifted its stake in RTX by 0.3% during the second quarter. NewEdge Advisors LLC now owns 126,267 shares of the company’s stock worth $12,676,000 after purchasing an additional 375 shares during the last quarter. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on RTX. Deutsche Bank Aktiengesellschaft raised RTX from a “hold” rating to a “buy” rating and raised their price objective for the company from $131.00 to $140.00 in a report on Thursday, January 2nd. Wells Fargo & Company upped their price objective on shares of RTX from $140.00 to $151.00 and gave the company an “overweight” rating in a research note on Wednesday, January 8th. UBS Group lifted their target price on shares of RTX from $126.00 to $133.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Susquehanna reduced their price objective on RTX from $150.00 to $139.00 and set a “positive” rating on the stock in a research note on Wednesday, January 8th. Finally, Morgan Stanley boosted their target price on RTX from $120.00 to $130.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 23rd. Five 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 company’s stock. According to MarketBeat, RTX has an average rating of “Moderate Buy” and an average price target of $158.27.

RTX Trading Down 0.5 %

NYSE:RTX opened at $124.72 on Tuesday. RTX Co. has a 12 month low of $88.90 and a 12 month high of $128.70. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.62. The company has a 50-day moving average price of $118.49 and a 200-day moving average price of $118.70. The stock has a market cap of $166.00 billion, a price-to-earnings ratio of 35.63, a P/E/G ratio of 1.99 and a beta of 0.81.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.19. RTX had a return on equity of 11.96% and a net margin of 5.97%. Equities analysts predict 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.