Mitsubishi UFJ Asset Management UK Ltd. Reduces Stock Position in RTX Co. (NYSE:RTX)

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

Other large investors also recently bought and sold shares of the company. MidAtlantic Capital Management Inc. bought a new stake in RTX during the 3rd quarter valued at $29,000. Modus Advisors LLC bought a new stake in RTX during the 4th quarter valued at $39,000. Western Pacific Wealth Management LP bought a new position in shares of RTX in the 3rd quarter worth $41,000. Kimelman & Baird LLC bought a new position in shares of RTX in the 2nd quarter worth $46,000. Finally, ORG Wealth Partners LLC bought a new position in shares of RTX in the 3rd quarter worth $50,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on RTX shares. Susquehanna reduced their price target on RTX from $150.00 to $139.00 and set a “positive” rating for the company in a research report on Wednesday, January 8th. Morgan Stanley boosted their price target on RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 23rd. Wells Fargo & Company boosted their price target on RTX from $140.00 to $151.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 8th. Barclays upped their target price on RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 29th. Finally, UBS Group upped their target price on RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Five investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, RTX presently has an average rating of “Moderate Buy” and an average target price of $158.27.

RTX Stock Up 3.8 %

RTX stock opened at $125.75 on Wednesday. RTX Co. has a fifty-two week low of $85.01 and a fifty-two week high of $128.70. 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 company has a market cap of $167.37 billion, a PE ratio of 35.93, a PEG ratio of 1.93 and a beta of 0.81. The business’s 50-day simple moving average is $118.08 and its two-hundred day simple moving average is $118.01.

RTX (NYSE:RTX) last issued 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. 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 the consensus estimate of $19.84 billion. During the same quarter in the prior year, the business earned $1.25 earnings per share. The company’s revenue was up 6.0% compared to the same quarter last year. Equities analysts anticipate that RTX Co. will post 5.56 EPS for the current 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.