Mitsubishi UFJ Asset Management UK Ltd. Sells 6,500 Shares of RTX Co. (NYSE:RTX)

Mitsubishi UFJ Asset Management UK Ltd. reduced its position in RTX Co. (NYSE:RTX) by 27.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 17,500 shares of the company’s stock after selling 6,500 shares during the period. Mitsubishi UFJ Asset Management UK Ltd.’s holdings in RTX were worth $2,025,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in RTX. Elgethun Capital Management boosted its position in RTX by 3.8% in the second quarter. Elgethun Capital Management now owns 2,326 shares of the company’s stock worth $233,000 after purchasing an additional 85 shares during the last quarter. Avestar Capital LLC boosted its position in RTX by 0.6% in the third quarter. Avestar Capital LLC now owns 14,461 shares of the company’s stock worth $1,752,000 after purchasing an additional 85 shares during the last quarter. Arbor Wealth Advisors LLC boosted its position in RTX by 3.7% in the fourth quarter. Arbor Wealth Advisors LLC now owns 2,382 shares of the company’s stock worth $276,000 after purchasing an additional 85 shares during the last quarter. Mowery & Schoenfeld Wealth Management LLC boosted its position in RTX by 20.1% in the third quarter. Mowery & Schoenfeld Wealth Management LLC now owns 514 shares of the company’s stock worth $62,000 after purchasing an additional 86 shares during the last quarter. Finally, Blackston Financial Advisory Group LLC boosted its position in RTX by 3.7% in the third quarter. Blackston Financial Advisory Group LLC now owns 2,403 shares of the company’s stock worth $291,000 after purchasing an additional 86 shares during the last quarter. 86.50% of the stock is currently owned by institutional investors.

RTX Price Performance

Shares of RTX stock opened at $125.75 on Wednesday. The stock has a market cap of $167.37 billion, a price-to-earnings ratio of 35.93, a price-to-earnings-growth ratio of 1.93 and a beta of 0.81. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 0.99. The stock has a 50 day moving average price of $118.08 and a 200-day moving average price of $118.01. RTX Co. has a one year low of $85.01 and a one year high of $128.70.

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

Analyst Ratings Changes

RTX has been the topic of several research reports. Wells Fargo & Company raised their target price on RTX from $140.00 to $151.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 8th. Barclays raised their price objective 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 raised RTX from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $132.00 to $153.00 in a research note on Tuesday. TD Cowen raised RTX to a “strong-buy” rating in a research note on Tuesday, October 8th. Finally, Royal Bank of Canada raised RTX from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from $130.00 to $140.00 in a research note on Thursday, December 19th. Five investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $158.27.

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.