D L Carlson Investment Group Inc. trimmed its stake in RTX Co. (NYSE:RTX – Free Report) by 7.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 46,096 shares of the company’s stock after selling 3,736 shares during the period. D L Carlson Investment Group Inc.’s holdings in RTX were worth $4,514,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Jackson Hole Capital Partners LLC grew its stake in shares of RTX by 0.3% in the 4th quarter. Jackson Hole Capital Partners LLC now owns 39,562 shares of the company’s stock valued at $3,993,000 after buying an additional 100 shares during the period. Tyler Stone Wealth Management increased its stake in RTX by 5.0% during the fourth quarter. Tyler Stone Wealth Management now owns 2,097 shares of the company’s stock worth $212,000 after acquiring an additional 100 shares during the last quarter. Argent Advisors Inc. raised its position in RTX by 2.8% in the first quarter. Argent Advisors Inc. now owns 3,720 shares of the company’s stock valued at $364,000 after purchasing an additional 100 shares during the period. Legal Advantage Investments Inc. lifted its stake in shares of RTX by 0.5% in the 1st quarter. Legal Advantage Investments Inc. now owns 18,734 shares of the company’s stock valued at $1,835,000 after purchasing an additional 101 shares during the last quarter. Finally, Element Wealth LLC grew its holdings in shares of RTX by 3.7% during the 1st quarter. Element Wealth LLC now owns 2,893 shares of the company’s stock worth $283,000 after purchasing an additional 103 shares during the period. Hedge funds and other institutional investors own 79.06% of the company’s stock.
RTX Trading Down 1.7 %
Shares of NYSE:RTX opened at $75.56 on Wednesday. RTX Co. has a 52 week low of $73.66 and a 52 week high of $108.84. The company’s 50 day moving average is $88.53 and its two-hundred day moving average is $94.51. The company has a market cap of $109.98 billion, a PE ratio of 20.04, a P/E/G ratio of 2.14 and a beta of 0.97. The company has a current ratio of 1.10, a quick ratio of 0.81 and a debt-to-equity ratio of 0.44.
Analyst Ratings Changes
Several brokerages recently issued reports on RTX. Argus lowered shares of RTX from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Robert W. Baird decreased their price objective on shares of RTX from $115.00 to $100.00 in a report on Wednesday, July 26th. Royal Bank of Canada downgraded shares of RTX from an “outperform” rating to a “sector perform” rating and dropped their target price for the company from $105.00 to $82.00 in a report on Tuesday. TD Cowen decreased their price target on RTX from $109.00 to $99.00 and set an “outperform” rating on the stock in a research note on Tuesday. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $95.00 price objective (down from $110.00) on shares of RTX in a research note on Wednesday, July 26th. Twelve investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $99.67.
About RTX
RTX Corporation, an aerospace and defense company, provides systems and services for the commercial, military, and government customers worldwide. It operates through four segments: Collins Aerospace, Pratt & Whitney, Raytheon Intelligence & Space, and Raytheon Missiles & Defense. The Collins Aerospace Systems segment offers aerospace and defense products, and aftermarket service solutions for aircraft manufacturers and airlines, as well as regional, business, and general aviation; and for defense and commercial space operations.
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