Crewe Advisors LLC Cuts Stake in RTX Co. (NYSE:RTX)

Crewe Advisors LLC reduced its stake in shares of RTX Co. (NYSE:RTX) by 4.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 5,812 shares of the company’s stock after selling 289 shares during the period. Crewe Advisors LLC’s holdings in RTX were worth $673,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. MidAtlantic Capital Management Inc. purchased a new stake in RTX during the 3rd quarter worth approximately $29,000. Modus Advisors LLC bought a new position in RTX during the 4th quarter worth $39,000. Western Pacific Wealth Management LP acquired a new stake in shares of RTX in the 3rd quarter worth about $41,000. ORG Wealth Partners LLC acquired a new position in shares of RTX during the third quarter worth approximately $50,000. Finally, Mowery & Schoenfeld Wealth Management LLC increased its holdings in shares of RTX by 20.1% during the third quarter. Mowery & Schoenfeld Wealth Management LLC now owns 514 shares of the company’s stock valued at $62,000 after purchasing an additional 86 shares during the period. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. StockNews.com raised RTX from a “hold” rating to a “buy” rating in a research note on Thursday. Susquehanna raised their target price on shares of RTX from $139.00 to $147.00 and gave the stock a “positive” rating in a report on Wednesday, January 29th. Citigroup upgraded RTX from a “neutral” rating to a “buy” rating and increased their price objective for the company from $132.00 to $153.00 in a research report on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft upgraded RTX from a “hold” rating to a “buy” rating and lifted their target price for the stock from $131.00 to $140.00 in a report on Thursday, January 2nd. Finally, Royal Bank of Canada upped their target price on RTX from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, RTX presently has a consensus rating of “Moderate Buy” and a consensus price target of $163.07.

RTX Trading Up 0.6 %

NYSE RTX opened at $129.12 on Thursday. The company has a market capitalization of $171.86 billion, a PE ratio of 36.37, a price-to-earnings-growth ratio of 2.17 and a beta of 0.82. RTX Co. has a 1-year low of $88.90 and a 1-year high of $132.43. The company has a current ratio of 0.99, a quick ratio of 0.74 and a debt-to-equity ratio of 0.63. The firm’s fifty day simple moving average is $119.70 and its 200-day simple moving average is $119.83.

RTX (NYSE:RTX) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.19. RTX had a return on equity of 12.45% and a net margin of 5.91%. As a group, sell-side analysts anticipate that RTX Co. will post 6.12 earnings per share for the current fiscal year.

RTX Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Friday, February 21st will be given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.95%. The ex-dividend date of this dividend is Friday, February 21st. RTX’s payout ratio is 70.99%.

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.