Means Investment CO. Inc. Reduces Stock Holdings in RTX Co. (NYSE:RTX)

Means Investment CO. Inc. cut its holdings in RTX Co. (NYSE:RTX) by 3.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 14,981 shares of the company’s stock after selling 565 shares during the quarter. Means Investment CO. Inc.’s holdings in RTX were worth $1,734,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Abner Herrman & Brock LLC grew its position in RTX by 7.1% during the 4th quarter. Abner Herrman & Brock LLC now owns 79,106 shares of the company’s stock worth $9,154,000 after purchasing an additional 5,251 shares during the last quarter. FSM Wealth Advisors LLC increased its holdings in RTX by 3.8% in the 4th quarter. FSM Wealth Advisors LLC now owns 5,855 shares of the company’s stock worth $705,000 after buying an additional 216 shares during the period. KPP Advisory Services LLC raised its position in RTX by 6.2% during the 4th quarter. KPP Advisory Services LLC now owns 5,800 shares of the company’s stock worth $671,000 after buying an additional 341 shares during the last quarter. HHM Wealth Advisors LLC boosted its holdings in shares of RTX by 97.1% in the 4th quarter. HHM Wealth Advisors LLC now owns 4,183 shares of the company’s stock valued at $484,000 after acquiring an additional 2,061 shares during the last quarter. Finally, SkyOak Wealth LLC boosted its holdings in RTX by 9.8% in the fourth quarter. SkyOak Wealth LLC now owns 4,195 shares of the company’s stock valued at $485,000 after purchasing an additional 374 shares during the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

Wall Street Analyst Weigh In

RTX has been the topic of a number of recent research reports. Barclays upped 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. Citigroup upgraded shares of RTX from a “neutral” rating to a “buy” rating and raised their price target for the company from $132.00 to $153.00 in a research report on Tuesday, January 21st. Wells Fargo & Company increased their target price on shares of RTX from $151.00 to $156.00 and gave the stock an “overweight” rating in a research note on Thursday. UBS Group upped their target price on RTX from $128.00 to $142.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of RTX from a “hold” rating to a “buy” rating and upped their price objective for the stock from $131.00 to $140.00 in a research report on Thursday, January 2nd. Six equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $163.07.

RTX Price Performance

RTX stock opened at $129.08 on Monday. RTX Co. has a 52-week low of $88.90 and a 52-week high of $132.43. The business has a fifty day moving average of $119.14 and a two-hundred day moving average of $119.40. The stock has a market cap of $171.81 billion, a price-to-earnings ratio of 36.36, a price-to-earnings-growth ratio of 2.17 and a beta of 0.82. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63.

RTX (NYSE:RTX) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.19. RTX had a net margin of 5.91% and a return on equity of 12.45%. As a group, research analysts anticipate that RTX Co. will post 6.12 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.