Paladin Advisory Group LLC Decreases Stock Holdings in RTX Co. (NYSE:RTX)

Paladin Advisory Group LLC trimmed its stake in RTX Co. (NYSE:RTX) by 8.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,381 shares of the company’s stock after selling 126 shares during the period. Paladin Advisory Group LLC’s holdings in RTX were worth $160,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of RTX. MidAtlantic Capital Management Inc. bought a new position in RTX in the 3rd quarter valued at $29,000. Western Pacific Wealth Management LP purchased a new stake in shares of RTX during the third quarter valued at $41,000. Modus Advisors LLC bought a new position in shares of RTX in the fourth quarter worth about $39,000. ORG Wealth Partners LLC purchased a new position in RTX in the 3rd quarter worth about $50,000. Finally, Kimelman & Baird LLC purchased a new position in shares of RTX during the second quarter worth approximately $46,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Price Performance

RTX stock opened at $129.01 on Wednesday. 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 $118.67 and a two-hundred day moving average of $118.89. The stock has a market cap of $171.72 billion, a price-to-earnings ratio of 37.02, a price-to-earnings-growth ratio of 1.99 and a beta of 0.81. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 0.62.

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

Analyst Upgrades and Downgrades

RTX has been the topic of several recent research reports. Barclays increased their target price on shares of RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 29th. JPMorgan Chase & Co. boosted their price target on RTX from $140.00 to $150.00 and gave the stock an “overweight” rating in a research report on Wednesday. Wells Fargo & Company increased their price target 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. Royal Bank of Canada upgraded RTX from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $130.00 to $140.00 in a research note on Thursday, December 19th. Finally, Deutsche Bank Aktiengesellschaft raised RTX from a “hold” rating to a “buy” rating and boosted their price objective for the company from $131.00 to $140.00 in a report on Thursday, January 2nd. Five equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given 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 $159.60.

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.