Brookmont Capital Management Sells 962 Shares of RTX Co. (NYSE:RTX)

Brookmont Capital Management decreased its stake in RTX Co. (NYSE:RTX) by 6.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 14,273 shares of the company’s stock after selling 962 shares during the quarter. RTX accounts for about 0.9% of Brookmont Capital Management’s portfolio, making the stock its 29th largest position. Brookmont Capital Management’s holdings in RTX were worth $1,652,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. MidAtlantic Capital Management Inc. bought a new position in shares of RTX in the 3rd quarter worth $29,000. Western Pacific Wealth Management LP bought a new position in shares of RTX in the 3rd quarter worth $41,000. Modus Advisors LLC bought a new position in shares of RTX in the 4th quarter worth $39,000. ORG Wealth Partners LLC purchased a new stake in shares of RTX in the 3rd quarter valued at $50,000. Finally, Kimelman & Baird LLC purchased a new stake in shares of RTX in the 2nd quarter valued at $46,000. Institutional investors own 86.50% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Barclays upped their price objective on shares of RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 29th. Morgan Stanley upped their price objective on shares of RTX from $120.00 to $130.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft raised shares of RTX from a “hold” rating to a “buy” rating and increased their price target for the company from $131.00 to $140.00 in a research report on Thursday, January 2nd. Citigroup increased their price target on shares of RTX from $122.00 to $132.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Finally, Wells Fargo & Company raised their price objective on shares of RTX from $140.00 to $151.00 and gave the company an “overweight” rating in a research note on Wednesday, January 8th. Six equities research 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 company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $156.87.

RTX Trading Up 0.7 %

Shares of RTX stock opened at $121.30 on Tuesday. The business’s fifty day moving average price is $118.03 and its 200 day moving average price is $117.84. RTX Co. has a 1-year low of $84.43 and a 1-year high of $128.70. The firm has a market capitalization of $161.45 billion, a PE ratio of 34.66, a P/E/G ratio of 1.93 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 (NYSE:RTX) last issued its quarterly earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.11. RTX had a return on equity of 11.96% and a net margin of 5.97%. The firm had revenue of $20.09 billion for the quarter, compared to analyst estimates of $19.84 billion. During the same period last year, the company earned $1.25 EPS. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. As a group, sell-side analysts forecast that RTX Co. will post 5.56 EPS for the current fiscal year.

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.