RTX Co. (NYSE:RTX) Shares Sold by Matrix Asset Advisors Inc. NY

Matrix Asset Advisors Inc. NY trimmed its stake in shares of RTX Co. (NYSE:RTX) by 0.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,897 shares of the company’s stock after selling 484 shares during the quarter. Matrix Asset Advisors Inc. NY’s holdings in RTX were worth $8,088,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of RTX. MidAtlantic Capital Management Inc. acquired a new stake in RTX in the third quarter valued at approximately $29,000. Western Pacific Wealth Management LP acquired a new position in RTX in the third quarter valued at approximately $41,000. Modus Advisors LLC purchased a new position in RTX in the fourth quarter valued at approximately $39,000. ORG Wealth Partners LLC acquired a new stake in RTX during the third quarter worth approximately $50,000. Finally, Kimelman & Baird LLC purchased a new stake in shares of RTX during the 2nd quarter worth approximately $46,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Stock Down 0.5 %

Shares of RTX stock opened at $124.72 on Tuesday. RTX Co. has a one year low of $88.90 and a one year high of $128.70. The company has a market cap of $166.00 billion, a P/E ratio of 35.63, a PEG ratio of 1.99 and a beta of 0.81. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 0.99. The firm has a fifty day moving average of $118.49 and a two-hundred day moving average of $118.70.

RTX (NYSE:RTX) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.19. RTX had a net margin of 5.97% and a return on equity of 11.96%. On average, analysts forecast that RTX Co. will post 5.56 earnings per share for the current year.

Analyst Upgrades and Downgrades

RTX has been the topic of a number of recent analyst reports. Royal Bank of Canada raised shares of RTX from a “sector perform” rating to an “outperform” rating and increased their target price for the company from $130.00 to $140.00 in a research report on Thursday, December 19th. Morgan Stanley lifted their target price on RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 23rd. TD Cowen raised RTX to a “strong-buy” rating in a research report on Tuesday, October 8th. Wells Fargo & Company lifted 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. Finally, Susquehanna decreased their price objective on RTX from $150.00 to $139.00 and set a “positive” rating for the company in a report on Wednesday, January 8th. Five equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $158.27.

About RTX

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.