Winthrop Advisory Group LLC Sells 598 Shares of RTX Co. (NYSE:RTX)

Winthrop Advisory Group LLC reduced its position in shares of RTX Co. (NYSE:RTX) by 13.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,019 shares of the company’s stock after selling 598 shares during the quarter. Winthrop Advisory Group LLC’s holdings in RTX were worth $465,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of RTX. Aprio Wealth Management LLC grew its stake in shares of RTX by 8.6% in the fourth quarter. Aprio Wealth Management LLC now owns 2,883 shares of the company’s stock worth $334,000 after acquiring an additional 229 shares during the period. Czech National Bank grew its stake in shares of RTX by 6.5% in the fourth quarter. Czech National Bank now owns 288,591 shares of the company’s stock worth $33,396,000 after acquiring an additional 17,608 shares during the period. Graypoint LLC grew its stake in shares of RTX by 4.8% in the fourth quarter. Graypoint LLC now owns 17,467 shares of the company’s stock worth $2,021,000 after acquiring an additional 802 shares during the period. Lynch & Associates IN grew its stake in shares of RTX by 0.5% in the fourth quarter. Lynch & Associates IN now owns 33,357 shares of the company’s stock worth $3,860,000 after acquiring an additional 171 shares during the period. Finally, Trinity Financial Advisors LLC grew its stake in shares of RTX by 14.4% in the fourth quarter. Trinity Financial Advisors LLC now owns 5,229 shares of the company’s stock worth $607,000 after acquiring an additional 659 shares during the period. 86.50% of the stock is currently owned by institutional investors.

RTX Price Performance

RTX stock traded up $1.57 during mid-day trading on Monday, reaching $116.68. 656,294 shares of the company’s stock traded hands, compared to its average volume of 3,230,818. The company has a market cap of $155.30 billion, a price-to-earnings ratio of 33.34, a PEG ratio of 2.08 and a beta of 0.81. The stock has a 50 day moving average of $118.18 and a two-hundred day moving average of $117.01. 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 Co. has a 12-month low of $84.43 and a 12-month high of $128.70.

RTX (NYSE:RTX) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.11. The company had revenue of $20.09 billion for the quarter, compared to the consensus estimate of $19.84 billion. RTX had a net margin of 5.97% and a return on equity of 11.96%. RTX’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.25 earnings per share. Equities analysts forecast that RTX Co. will post 5.56 earnings per share for the current year.

Analyst Ratings Changes

RTX has been the subject of a number of research analyst reports. Morgan Stanley lifted their price target on shares of RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 23rd. Citigroup boosted their target price on shares of RTX from $122.00 to $132.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Susquehanna cut their target price on shares of RTX from $150.00 to $139.00 and set a “positive” rating for the company in a research report on Wednesday, January 8th. TD Cowen raised shares of RTX to a “strong-buy” rating in a report on Tuesday, October 8th. Finally, Wells Fargo & Company lifted their price target on shares of RTX from $140.00 to $151.00 and gave the company an “overweight” rating in a report on Wednesday, January 8th. Six analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $156.87.

About RTX

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.