Folger Nolan Fleming Douglas Capital Management Inc. Sells 420 Shares of RTX Co. (NYSE:RTX)

Folger Nolan Fleming Douglas Capital Management Inc. reduced its position in RTX Co. (NYSE:RTX) by 0.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 93,214 shares of the company’s stock after selling 420 shares during the period. RTX accounts for about 1.1% of Folger Nolan Fleming Douglas Capital Management Inc.’s portfolio, making the stock its 24th largest position. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in RTX were worth $10,787,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of RTX. MidAtlantic Capital Management Inc. acquired a new position in shares of RTX during the third quarter worth $29,000. Modus Advisors LLC purchased a new position in RTX during the 4th quarter worth $39,000. Western Pacific Wealth Management LP purchased a new stake in RTX in the third quarter valued at about $41,000. Kimelman & Baird LLC acquired a new stake in RTX in the second quarter worth about $46,000. Finally, ORG Wealth Partners LLC purchased a new stake in shares of RTX during the third quarter worth about $50,000. Institutional investors own 86.50% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on RTX. Susquehanna decreased their price objective on shares of RTX from $150.00 to $139.00 and set a “positive” rating for the company in a research report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft raised shares of RTX from a “hold” rating to a “buy” rating and raised their price target for the stock from $131.00 to $140.00 in a report on Thursday, January 2nd. 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. Citigroup raised their target price on RTX from $122.00 to $132.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Finally, Barclays increased their price objective on RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a report on Tuesday, October 29th. Six analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $156.87.

RTX Trading Up 0.7 %

Shares of NYSE:RTX opened at $121.30 on Friday. The company has a market capitalization of $161.45 billion, a PE ratio of 34.66, a PEG ratio of 1.84 and a beta of 0.81. RTX Co. has a 12-month low of $84.43 and a 12-month high of $128.70. The business has a 50 day moving average of $118.10 and a two-hundred day moving average of $117.45. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.62.

RTX (NYSE:RTX) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, beating the consensus estimate of $1.34 by $0.11. The company had revenue of $20.09 billion for the quarter, compared to analyst estimates of $19.84 billion. RTX had a net margin of 5.97% and a return on equity of 11.96%. The firm’s revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the business earned $1.25 earnings per share. As a group, analysts forecast that RTX Co. will post 5.55 EPS for the current year.

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.