DLK Investment Management LLC Reduces Position in RTX Co. (NYSE:RTX)

DLK Investment Management LLC cut its position in RTX Co. (NYSE:RTX) by 2.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 57,795 shares of the company’s stock after selling 1,681 shares during the quarter. RTX makes up about 2.8% of DLK Investment Management LLC’s holdings, making the stock its 10th biggest position. DLK Investment Management LLC’s holdings in RTX were worth $6,688,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Federated Hermes Inc. increased its holdings in shares of RTX by 36.1% during the 2nd quarter. Federated Hermes Inc. now owns 9,613 shares of the company’s stock worth $965,000 after purchasing an additional 2,552 shares during the period. Edgestream Partners L.P. grew its position in RTX by 140.5% during the second quarter. Edgestream Partners L.P. now owns 8,022 shares of the company’s stock worth $805,000 after buying an additional 4,686 shares in the last quarter. Intech Investment Management LLC increased its stake in RTX by 49.4% during the second quarter. Intech Investment Management LLC now owns 38,052 shares of the company’s stock valued at $3,820,000 after acquiring an additional 12,583 shares during the period. AE Wealth Management LLC lifted its position in shares of RTX by 31.4% in the 2nd quarter. AE Wealth Management LLC now owns 79,272 shares of the company’s stock worth $7,958,000 after acquiring an additional 18,938 shares during the period. Finally, Pacer Advisors Inc. grew its holdings in shares of RTX by 4.6% during the 2nd quarter. Pacer Advisors Inc. now owns 95,289 shares of the company’s stock worth $9,566,000 after purchasing an additional 4,148 shares in the last quarter. Institutional investors own 86.50% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on RTX shares. Morgan Stanley raised 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. Royal Bank of Canada upgraded shares of RTX from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from $130.00 to $140.00 in a research report on Thursday, December 19th. Barclays increased their price target on shares of RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 29th. Susquehanna decreased their price objective on RTX from $150.00 to $139.00 and set a “positive” rating on the stock in a report on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft raised RTX from a “hold” rating to a “buy” rating and increased their target price for the stock from $131.00 to $140.00 in a report on Thursday, January 2nd. Six analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $156.87.

RTX Stock Performance

Shares of NYSE:RTX opened at $121.30 on Monday. The business has a fifty day moving average of $118.10 and a 200-day moving average of $117.69. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 0.99. RTX Co. has a twelve month low of $84.43 and a twelve month high of $128.70. The firm has a market cap of $161.45 billion, a PE ratio of 34.66, a price-to-earnings-growth ratio of 1.84 and a beta of 0.81.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 earnings per share 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 firm had revenue of $20.09 billion during the quarter, compared to analysts’ expectations of $19.84 billion. During the same quarter last year, the company posted $1.25 EPS. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. On average, equities research analysts predict that RTX Co. will post 5.55 EPS for the current fiscal 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.