Arkadios Wealth Advisors Lowers Position in RTX Co. (NYSE:RTX)

Arkadios Wealth Advisors trimmed its holdings in shares of RTX Co. (NYSE:RTX) by 19.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,461 shares of the company’s stock after selling 5,037 shares during the quarter. Arkadios Wealth Advisors’ holdings in RTX were worth $2,368,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. FARMERS & MERCHANTS TRUST Co OF LONG BEACH grew its holdings in shares of RTX by 1.7% during the fourth quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 8,389 shares of the company’s stock worth $971,000 after purchasing an additional 137 shares in the last quarter. Dakota Community Bank & Trust NA increased its holdings in shares of RTX by 7.6% in the 4th quarter. Dakota Community Bank & Trust NA now owns 1,277 shares of the company’s stock worth $148,000 after buying an additional 90 shares during the last quarter. Arthur M. Cohen & Associates LLC raised its position in shares of RTX by 0.9% during the 4th quarter. Arthur M. Cohen & Associates LLC now owns 34,710 shares of the company’s stock valued at $4,017,000 after buying an additional 300 shares in the last quarter. Whitener Capital Management Inc. grew its position in RTX by 8.2% in the fourth quarter. Whitener Capital Management Inc. now owns 16,793 shares of the company’s stock worth $1,943,000 after acquiring an additional 1,272 shares in the last quarter. Finally, Cranbrook Wealth Management LLC increased its stake in RTX by 3.7% in the fourth quarter. Cranbrook Wealth Management LLC now owns 6,233 shares of the company’s stock valued at $721,000 after acquiring an additional 225 shares during the last quarter. 86.50% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

RTX has been the subject of a number of research reports. Barclays upped their price objective on RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 29th. TD Cowen upgraded shares of RTX to a “strong-buy” rating in a research report on Tuesday, October 8th. Citigroup boosted their price objective on shares of RTX from $122.00 to $132.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. UBS Group increased their target price on shares of RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Finally, Wells Fargo & Company boosted their price target on shares of RTX from $140.00 to $151.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 8th. Six investment 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 stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $156.87.

RTX Stock Up 0.7 %

NYSE RTX opened at $121.30 on Friday. The business’s 50-day moving average is $118.10 and its 200 day moving average is $117.57. The stock has a market capitalization of $161.45 billion, a PE ratio of 34.66, a PEG ratio of 1.84 and a beta of 0.81. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.99 and a quick ratio of 0.73. RTX Co. has a 1 year low of $84.43 and a 1 year high of $128.70.

RTX (NYSE:RTX) last posted its earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.11. RTX had a return on equity of 11.96% and a net margin of 5.97%. The firm had revenue of $20.09 billion for the quarter, compared to analysts’ expectations of $19.84 billion. During the same period in the previous year, the firm earned $1.25 earnings per share. The business’s revenue was up 6.0% compared to the same quarter last year. Sell-side analysts forecast that RTX Co. will post 5.55 earnings per share for the current year.

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.