Harbour Capital Advisors LLC Sells 245 Shares of RTX Co. (NYSE:RTX)

Harbour Capital Advisors LLC lessened its holdings in shares of RTX Co. (NYSE:RTX) by 0.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 30,701 shares of the company’s stock after selling 245 shares during the period. Harbour Capital Advisors LLC’s holdings in RTX were worth $3,557,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its position in shares of RTX by 1.9% in the third quarter. Geode Capital Management LLC now owns 27,263,780 shares of the company’s stock valued at $3,290,622,000 after acquiring an additional 508,344 shares during the period. Fisher Asset Management LLC boosted its holdings in RTX by 4.8% in the 3rd quarter. Fisher Asset Management LLC now owns 18,471,471 shares of the company’s stock valued at $2,238,004,000 after purchasing an additional 852,183 shares during the period. Legal & General Group Plc grew its position in RTX by 4.4% in the 2nd quarter. Legal & General Group Plc now owns 8,577,770 shares of the company’s stock worth $861,122,000 after purchasing an additional 362,340 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of RTX by 5.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 8,284,944 shares of the company’s stock worth $831,740,000 after purchasing an additional 408,551 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of RTX by 5.9% during the second quarter. Dimensional Fund Advisors LP now owns 7,444,471 shares of the company’s stock valued at $747,347,000 after buying an additional 417,789 shares during the last quarter. Institutional investors own 86.50% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on RTX. Wells Fargo & Company lifted their target price on RTX from $140.00 to $151.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 8th. TD Cowen upgraded RTX to a “strong-buy” rating in a research report on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft raised RTX from a “hold” rating to a “buy” rating and raised their target price for the stock from $131.00 to $140.00 in a research report on Thursday, January 2nd. Susquehanna lowered their price target 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. Finally, Citigroup raised 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. Six analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $156.87.

RTX Price Performance

Shares of RTX stock traded up $2.19 during trading hours on Monday, reaching $117.30. 3,027,601 shares of the company were exchanged, compared to its average volume of 3,571,299. The company has a market cap of $156.13 billion, a price-to-earnings ratio of 33.51, a P/E/G ratio of 2.08 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. The stock’s fifty day moving average is $118.18 and its two-hundred day moving average is $117.01. RTX Co. has a fifty-two week low of $84.43 and a fifty-two week high of $128.70.

RTX (NYSE:RTX) last announced its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 earnings per share (EPS) 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 firm had revenue of $20.09 billion for the quarter, compared to analysts’ expectations of $19.84 billion. During the same period 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. Sell-side analysts forecast that RTX Co. will post 5.56 earnings per share for the current fiscal 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.