Diversified Trust Co Sells 5,574 Shares of RTX Co. (NYSE:RTX)

Diversified Trust Co reduced its holdings in RTX Co. (NYSE:RTX) by 15.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 31,140 shares of the company’s stock after selling 5,574 shares during the quarter. Diversified Trust Co’s holdings in RTX were worth $3,604,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in RTX. Geode Capital Management LLC raised its stake in RTX by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 27,263,780 shares of the company’s stock worth $3,290,622,000 after acquiring an additional 508,344 shares during the period. Fisher Asset Management LLC lifted its stake in shares of RTX by 4.8% during the 3rd quarter. Fisher Asset Management LLC now owns 18,471,471 shares of the company’s stock valued at $2,238,004,000 after buying an additional 852,183 shares in the last quarter. Legal & General Group Plc increased its stake in RTX by 4.4% in the 2nd quarter. Legal & General Group Plc now owns 8,577,770 shares of the company’s stock worth $861,122,000 after buying an additional 362,340 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in RTX by 5.2% during the second quarter. Ameriprise Financial Inc. now owns 8,284,944 shares of the company’s stock valued at $831,740,000 after acquiring an additional 408,551 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in shares of RTX by 5.9% in the second quarter. Dimensional Fund Advisors LP now owns 7,444,471 shares of the company’s stock valued at $747,347,000 after acquiring an additional 417,789 shares in the last quarter. Institutional investors own 86.50% of the company’s stock.

RTX Stock Up 0.5 %

Shares of RTX opened at $114.68 on Wednesday. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.62. The firm has a market cap of $152.64 billion, a P/E ratio of 32.77, a PEG ratio of 2.08 and a beta of 0.81. The stock’s 50 day moving average is $118.48 and its two-hundred day moving average is $116.72. RTX Co. has a 12 month low of $84.43 and a 12 month high of $128.70.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.11. RTX had a net margin of 5.97% and a return on equity of 11.96%. The business had revenue of $20.09 billion for the quarter, compared to the consensus estimate of $19.84 billion. During the same period last year, the firm posted $1.25 earnings per share. The company’s revenue was up 6.0% compared to the same quarter last year. Analysts predict that RTX Co. will post 5.56 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on RTX shares. Citigroup lifted their price objective 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. UBS Group increased their price objective on shares of RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft raised RTX from a “hold” rating to a “buy” rating and lifted their target price for the stock from $131.00 to $140.00 in a report on Thursday, January 2nd. Susquehanna increased their price target on RTX from $140.00 to $150.00 and gave the company a “positive” rating in a research note on Wednesday, October 23rd. Finally, Wells Fargo & Company raised RTX from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 21st. Six investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, RTX currently has a consensus rating of “Moderate Buy” and an average price target of $178.67.

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.