RTX Co. (NYSE:RTX) Shares Sold by Iams Wealth Management LLC

Iams Wealth Management LLC trimmed its stake in RTX Co. (NYSE:RTX) by 3.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,295 shares of the company’s stock after selling 163 shares during the quarter. Iams Wealth Management LLC’s holdings in RTX were worth $613,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. increased its holdings in shares of RTX by 5.0% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 383,440 shares of the company’s stock worth $44,372,000 after buying an additional 18,219 shares during the last quarter. Foster Group Inc. acquired a new stake in RTX during the fourth quarter worth about $213,000. Gateway Wealth Partners LLC raised its holdings in shares of RTX by 107.3% in the 4th quarter. Gateway Wealth Partners LLC now owns 9,855 shares of the company’s stock worth $1,140,000 after purchasing an additional 5,100 shares during the period. Barry Investment Advisors LLC grew its holdings in shares of RTX by 1.0% during the 4th quarter. Barry Investment Advisors LLC now owns 55,044 shares of the company’s stock worth $6,370,000 after purchasing an additional 518 shares during the period. Finally, SteelPeak Wealth LLC increased its position in RTX by 12.7% during the 4th quarter. SteelPeak Wealth LLC now owns 5,476 shares of the company’s stock worth $634,000 after purchasing an additional 615 shares in the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Price Performance

Shares of NYSE:RTX opened at $128.45 on Wednesday. The company has a market cap of $170.96 billion, a P/E ratio of 36.77, a price-to-earnings-growth ratio of 1.99 and a beta of 0.81. RTX Co. has a 12-month low of $88.90 and a 12-month high of $132.43. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 0.62. The company’s fifty day moving average is $118.67 and its two-hundred day moving average is $118.89.

RTX (NYSE:RTX) last announced its quarterly earnings data 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%. Equities analysts expect that RTX Co. will post 5.56 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

RTX has been the topic of several recent research reports. Wells Fargo & Company lifted their target price on shares of RTX from $140.00 to $151.00 and gave the company an “overweight” rating in a report on Wednesday, January 8th. Citigroup upgraded RTX from a “neutral” rating to a “buy” rating and raised their target price for the company from $132.00 to $153.00 in a report on Tuesday, January 21st. 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 research report on Wednesday, October 23rd. Royal Bank of Canada upgraded shares of RTX from a “sector perform” rating to an “outperform” rating and upped their target price for the company from $130.00 to $140.00 in a research note on Thursday, December 19th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of RTX from $140.00 to $150.00 and gave the stock an “overweight” rating in a report on Wednesday. Five investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $159.60.

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.