Sippican Capital Advisors Decreases Stock Position in RTX Co. (NYSE:RTX)

Sippican Capital Advisors decreased its position in shares of RTX Co. (NYSE:RTX) by 1.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,313 shares of the company’s stock after selling 260 shares during the period. RTX makes up approximately 1.5% of Sippican Capital Advisors’ investment portfolio, making the stock its 21st biggest position. Sippican Capital Advisors’ holdings in RTX were worth $2,003,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Ascent Group LLC bought a new stake in RTX in the 2nd quarter worth approximately $251,000. KPP Advisory Services LLC increased its position in RTX by 7.2% in the second quarter. KPP Advisory Services LLC now owns 5,203 shares of the company’s stock worth $522,000 after purchasing an additional 351 shares during the last quarter. Strategic Investment Solutions Inc. IL purchased a new stake in RTX during the second quarter valued at $132,000. Brown Financial Advisors bought a new position in RTX during the second quarter valued at $715,000. Finally, Sanctuary Advisors LLC bought a new stake in shares of RTX in the 2nd quarter worth about $35,285,000. 86.50% of the stock is owned by institutional investors.

RTX Stock Performance

Shares of RTX stock opened at $125.25 on Thursday. RTX Co. has a 12 month low of $88.90 and a 12 month high of $132.43. The stock’s fifty day moving average price is $118.79 and its 200-day moving average price is $118.93. The firm has a market cap of $166.71 billion, a P/E ratio of 35.79, a P/E/G ratio of 1.99 and a beta of 0.81. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.62.

RTX (NYSE:RTX) last posted its quarterly earnings results on Tuesday, January 28th. The company reported $1.54 EPS for the quarter, beating the consensus estimate of $1.35 by $0.19. RTX had a net margin of 5.97% and a return on equity of 11.96%. On average, equities research analysts expect that RTX Co. will post 5.56 earnings per share for the current fiscal year.

Analysts Set New Price Targets

RTX has been the subject of several recent research reports. Royal Bank of Canada lifted their price target on RTX from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday. TD Cowen upgraded RTX to a “strong-buy” rating in a report on Tuesday, October 8th. Susquehanna raised their price target on RTX from $139.00 to $147.00 and gave the stock a “positive” rating in a research report on Wednesday. Wells Fargo & Company boosted their price objective on shares of RTX from $140.00 to $151.00 and gave the company an “overweight” rating in a research report on Wednesday, January 8th. Finally, Citigroup upgraded shares of RTX from a “neutral” rating to a “buy” rating and raised their target price for the stock from $132.00 to $153.00 in a report on Tuesday, January 21st. Six equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $161.73.

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.