RTX Co. (NYSE:RTX) Shares Sold by Romano Brothers AND Company

Romano Brothers AND Company lessened its stake in RTX Co. (NYSE:RTX) by 1.1% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 68,575 shares of the company’s stock after selling 734 shares during the period. RTX accounts for 1.0% of Romano Brothers AND Company’s portfolio, making the stock its 21st biggest holding. Romano Brothers AND Company’s holdings in RTX were worth $6,718,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. IAG Wealth Partners LLC bought a new position in shares of RTX during the 1st quarter valued at about $27,000. Quarry LP purchased a new stake in shares of RTX in the first quarter worth approximately $28,000. Pin Oak Investment Advisors Inc. lifted its position in shares of RTX by 60.5% in the fourth quarter. Pin Oak Investment Advisors Inc. now owns 353 shares of the company’s stock worth $36,000 after purchasing an additional 133 shares in the last quarter. Rebalance LLC purchased a new stake in shares of RTX in the fourth quarter worth approximately $36,000. Finally, Tanglewood Legacy Advisors LLC purchased a new stake in shares of RTX in the fourth quarter worth approximately $41,000. Institutional investors own 79.06% of the company’s stock.

RTX Stock Performance

Shares of RTX traded down $0.64 during midday trading on Tuesday, reaching $74.54. 4,959,947 shares of the stock were exchanged, compared to its average volume of 5,490,262. RTX Co. has a twelve month low of $73.62 and a twelve month high of $108.84. The company has a quick ratio of 0.81, a current ratio of 1.10 and a debt-to-equity ratio of 0.44. The company has a market cap of $108.49 billion, a P/E ratio of 19.94, a PEG ratio of 1.87 and a beta of 0.97. The stock’s 50 day simple moving average is $86.75 and its 200 day simple moving average is $93.86.

RTX (NYSE:RTX) last issued its quarterly earnings results on Tuesday, July 25th. The company reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.18 by $0.11. RTX had a return on equity of 9.98% and a net margin of 7.88%. The company had revenue of $18.32 billion for the quarter, compared to analysts’ expectations of $17.68 billion. During the same quarter last year, the business earned $1.16 earnings per share. RTX’s revenue was up 12.3% on a year-over-year basis. On average, sell-side analysts expect that RTX Co. will post 4.99 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on RTX. DZ Bank lowered shares of RTX from a “buy” rating to a “hold” rating and set a $79.00 price objective on the stock. in a research report on Thursday, September 14th. Royal Bank of Canada downgraded shares of RTX from an “outperform” rating to a “sector perform” rating and lowered their price objective for the stock from $105.00 to $82.00 in a research note on Tuesday, September 12th. StockNews.com upgraded shares of RTX from a “hold” rating to a “buy” rating in a research note on Tuesday. Melius downgraded shares of RTX from an “overweight” rating to a “neutral” rating and set a $92.00 price target on the stock. in a research note on Monday, September 11th. Finally, Argus cut RTX from a “buy” rating to a “hold” rating in a report on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $94.06.

About RTX

RTX Corporation, an aerospace and defense company, provides systems and services for the commercial, military, and government customers worldwide. It operates through four segments: Collins Aerospace, Pratt & Whitney, Raytheon Intelligence & Space, and Raytheon Missiles & Defense. The Collins Aerospace Systems segment offers aerospace and defense products, and aftermarket service solutions for aircraft manufacturers and airlines, as well as regional, business, and general aviation; and for defense and commercial space operations.