RTX Co. (NYSE:RTX) Shares Sold by Milestone Asset Management LLC

Milestone Asset Management LLC cut its stake in RTX Co. (NYSE:RTX) by 14.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,519 shares of the company’s stock after selling 781 shares during the quarter. Milestone Asset Management LLC’s holdings in RTX were worth $523,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Assenagon Asset Management S.A. boosted its holdings in RTX by 545.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 2,478,784 shares of the company’s stock worth $286,845,000 after buying an additional 2,094,834 shares in the last quarter. International Assets Investment Management LLC raised its position in shares of RTX by 11,235.6% in the third quarter. International Assets Investment Management LLC now owns 1,701,013 shares of the company’s stock worth $206,095,000 after acquiring an additional 1,686,007 shares during the period. Fisher Asset Management LLC boosted its stake in shares of RTX by 4.8% during the 3rd quarter. Fisher Asset Management LLC now owns 18,471,471 shares of the company’s stock worth $2,238,004,000 after acquiring an additional 852,183 shares in the last quarter. Janus Henderson Group PLC grew its position in shares of RTX by 256.6% during the 3rd quarter. Janus Henderson Group PLC now owns 976,527 shares of the company’s stock valued at $118,309,000 after acquiring an additional 702,699 shares during the period. Finally, abrdn plc increased its stake in shares of RTX by 527.6% in the 3rd quarter. abrdn plc now owns 605,790 shares of the company’s stock valued at $72,852,000 after purchasing an additional 509,261 shares in the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on RTX. UBS Group boosted their price objective on RTX from $128.00 to $142.00 and gave the company a “neutral” rating in a research report on Wednesday. Morgan Stanley lifted their target price on shares of RTX from $130.00 to $135.00 and gave the company an “equal weight” rating in a research report on Wednesday. Citigroup upgraded shares of RTX from a “neutral” rating to a “buy” rating and upped their price target for the stock from $132.00 to $153.00 in a research report on Tuesday, January 21st. JPMorgan Chase & Co. lifted their price objective on RTX from $140.00 to $150.00 and gave the stock an “overweight” rating in a report on Wednesday. Finally, Royal Bank of Canada increased their target price on RTX from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday. Six investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $163.07.

RTX Stock Up 3.2 %

Shares of RTX opened at $129.14 on Friday. RTX Co. has a 52-week low of $88.90 and a 52-week high of $132.43. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. The stock has a fifty day simple moving average of $118.97 and a two-hundred day simple moving average of $119.00. The company has a market capitalization of $171.89 billion, a PE ratio of 36.38, a price-to-earnings-growth ratio of 1.99 and a beta of 0.81.

RTX (NYSE:RTX) last released its quarterly earnings data 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 5.91% and a return on equity of 12.45%. As a group, equities analysts forecast that RTX Co. will post 6.1 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.