Uncommon Cents Investing LLC Trims Stake in RTX Co. (NYSE:RTX)

Uncommon Cents Investing LLC lowered its position in RTX Co. (NYSE:RTX) by 2.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,228 shares of the company’s stock after selling 1,665 shares during the quarter. RTX makes up approximately 1.9% of Uncommon Cents Investing LLC’s portfolio, making the stock its 5th biggest position. Uncommon Cents Investing LLC’s holdings in RTX were worth $6,391,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of RTX. MidAtlantic Capital Management Inc. purchased a new stake in shares of RTX in the 3rd quarter valued at $29,000. Western Pacific Wealth Management LP purchased a new stake in RTX during the third quarter valued at about $41,000. Modus Advisors LLC purchased a new position in shares of RTX in the fourth quarter worth about $39,000. ORG Wealth Partners LLC bought a new stake in shares of RTX in the 3rd quarter valued at about $50,000. Finally, Kimelman & Baird LLC purchased a new stake in RTX during the 2nd quarter valued at about $46,000. 86.50% of the stock is currently owned by institutional investors.

RTX Stock Up 0.7 %

NYSE:RTX opened at $121.30 on Monday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.99 and a quick ratio of 0.73. The firm’s 50-day moving average price is $118.10 and its 200-day moving average price is $117.69. The company has a market capitalization of $161.45 billion, a PE ratio of 34.66, a P/E/G ratio of 1.84 and a beta of 0.81. RTX Co. has a 1-year low of $84.43 and a 1-year high of $128.70.

RTX (NYSE:RTX) last announced its earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.11. RTX had a net margin of 5.97% and a return on equity of 11.96%. The business had revenue of $20.09 billion during the quarter, compared to the consensus estimate of $19.84 billion. During the same quarter last year, the firm earned $1.25 earnings per share. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, equities analysts predict that RTX Co. will post 5.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on RTX. Barclays boosted their price objective on RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 29th. UBS Group increased their price target on shares of RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft upgraded shares of RTX from a “hold” rating to a “buy” rating and boosted their price objective for the company from $131.00 to $140.00 in a research report on Thursday, January 2nd. Wells Fargo & Company increased their target price on shares of RTX from $140.00 to $151.00 and gave the stock an “overweight” rating in a report on Wednesday, January 8th. Finally, Citigroup upped their price target on RTX from $122.00 to $132.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. 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 stock. Based on data from MarketBeat, RTX has a consensus rating of “Moderate Buy” and a consensus price target of $156.87.

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.