Mitchell & Pahl Private Wealth LLC Sells 492 Shares of RTX Co. (NYSE:RTX)

Mitchell & Pahl Private Wealth LLC cut its holdings in RTX Co. (NYSE:RTX) by 3.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 15,594 shares of the company’s stock after selling 492 shares during the quarter. Mitchell & Pahl Private Wealth LLC’s holdings in RTX were worth $1,804,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of RTX. Pacer Advisors Inc. grew its position 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 buying an additional 4,148 shares during the period. Sei Investments Co. boosted its stake in RTX by 1.7% during the 2nd quarter. Sei Investments Co. now owns 637,707 shares of the company’s stock worth $64,018,000 after acquiring an additional 10,928 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in RTX by 23.5% in the second quarter. Thrivent Financial for Lutherans now owns 289,915 shares of the company’s stock valued at $29,105,000 after purchasing an additional 55,196 shares in the last quarter. ProShare Advisors LLC raised its holdings in RTX by 6.8% in the second quarter. ProShare Advisors LLC now owns 183,653 shares of the company’s stock worth $18,437,000 after purchasing an additional 11,770 shares during the period. Finally, Frank Rimerman Advisors LLC boosted its position in shares of RTX by 3,170.6% during the second quarter. Frank Rimerman Advisors LLC now owns 8,569 shares of the company’s stock worth $860,000 after purchasing an additional 8,307 shares in the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on RTX. Wells Fargo & Company raised their price objective on RTX from $140.00 to $151.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 8th. Royal Bank of Canada upgraded RTX from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from $130.00 to $140.00 in a report on Thursday, December 19th. Barclays increased their target price on RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 29th. TD Cowen upgraded shares of RTX to a “strong-buy” rating in a report on Tuesday, October 8th. Finally, Susquehanna dropped their price objective on shares of RTX from $150.00 to $139.00 and set a “positive” rating on the stock in a report on Wednesday, January 8th. Six equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $156.87.

RTX Stock Up 0.7 %

RTX stock opened at $121.30 on Tuesday. RTX Co. has a fifty-two week low of $84.43 and a fifty-two week high of $128.70. The firm has a market capitalization of $161.45 billion, a PE ratio of 34.66, a P/E/G ratio of 1.93 and a beta of 0.81. The company’s 50-day moving average is $118.03 and its 200-day moving average is $117.84. 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 (NYSE:RTX) last issued its earnings results on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, topping 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 company had revenue of $20.09 billion during the quarter, compared to the consensus estimate of $19.84 billion. During the same period in the previous year, the company posted $1.25 EPS. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. Sell-side analysts anticipate that RTX Co. will post 5.56 earnings per share for the current 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.