RTX Co. (NYSE:RTX) Shares Sold by St. Louis Financial Planners Asset Management LLC

St. Louis Financial Planners Asset Management LLC trimmed its stake in shares of RTX Co. (NYSE:RTX) by 35.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,140 shares of the company’s stock after selling 6,076 shares during the period. RTX comprises about 0.9% of St. Louis Financial Planners Asset Management LLC’s holdings, making the stock its 24th biggest position. St. Louis Financial Planners Asset Management LLC’s holdings in RTX were worth $1,289,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Godsey & Gibb Inc. grew its holdings in RTX by 0.3% in the fourth quarter. Godsey & Gibb Inc. now owns 202,492 shares of the company’s stock valued at $23,432,000 after purchasing an additional 641 shares during the last quarter. Cliftonlarsonallen Wealth Advisors LLC lifted its holdings in shares of RTX by 7.9% in the fourth quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 13,972 shares of the company’s stock valued at $1,617,000 after purchasing an additional 1,021 shares in the last quarter. Burney Co. grew its position in shares of RTX by 0.4% in the fourth quarter. Burney Co. now owns 121,238 shares of the company’s stock valued at $14,030,000 after purchasing an additional 458 shares during the last quarter. Wolff Wiese Magana LLC lifted its stake in RTX by 1.0% in the 4th quarter. Wolff Wiese Magana LLC now owns 21,564 shares of the company’s stock valued at $2,495,000 after buying an additional 213 shares in the last quarter. Finally, Laurel Wealth Advisors LLC lifted its holdings in RTX by 2.0% in the 4th quarter. Laurel Wealth Advisors LLC now owns 23,769 shares of the company’s stock valued at $2,750,000 after purchasing an additional 455 shares in the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Price Performance

NYSE RTX opened at $119.07 on Thursday. The firm has a market capitalization of $158.48 billion, a PE ratio of 34.02, a P/E/G 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 12 month low of $84.43 and a 12 month high of $128.70. The company’s 50 day simple moving average is $118.19 and its 200 day simple moving average is $117.27.

RTX (NYSE:RTX) last announced its earnings results 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 return on equity of 11.96% and a net margin of 5.97%. The business had revenue of $20.09 billion during the quarter, compared to analysts’ expectations of $19.84 billion. During the same quarter last year, the business posted $1.25 earnings per share. The company’s quarterly revenue was up 6.0% on a year-over-year basis. As a group, equities research analysts forecast that RTX Co. will post 5.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on RTX. Royal Bank of Canada raised shares of RTX from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $130.00 to $140.00 in a research note on Thursday, December 19th. TD Cowen upgraded RTX to a “strong-buy” rating in a report on Tuesday, October 8th. Barclays raised their price target on shares of RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a report on Tuesday, October 29th. Wells Fargo & Company raised their target price on RTX from $140.00 to $151.00 and gave the company an “overweight” rating in a research note on Wednesday, January 8th. Finally, UBS Group raised their price target on shares of RTX from $126.00 to $133.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Six analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $156.87.

RTX Company 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.