RTX Co. (NYSE:RTX) Shares Sold by Plimoth Trust Co. LLC

Plimoth Trust Co. LLC reduced its position in RTX Co. (NYSE:RTX) by 0.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,686 shares of the company’s stock after selling 267 shares during the period. RTX makes up approximately 1.1% of Plimoth Trust Co. LLC’s holdings, making the stock its 25th largest holding. Plimoth Trust Co. LLC’s holdings in RTX were worth $4,130,000 at the end of the most recent quarter.

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

RTX Price Performance

Shares of RTX stock traded down $1.36 during trading on Wednesday, hitting $126.99. The stock had a trading volume of 914,311 shares, compared to its average volume of 4,400,834. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.99 and a quick ratio of 0.73. The firm has a market cap of $169.02 billion, a P/E ratio of 36.35, a PEG ratio of 1.99 and a beta of 0.81. The business has a fifty day moving average of $118.67 and a two-hundred day moving average of $118.89. RTX Co. has a fifty-two week low of $88.90 and a fifty-two week high of $132.43.

RTX (NYSE:RTX) last announced its earnings results on Tuesday, January 28th. The company reported $1.54 EPS for the quarter, beating the consensus estimate of $1.35 by $0.19. RTX had a return on equity of 11.96% and a net margin of 5.97%. On average, sell-side analysts expect that RTX Co. will post 5.56 earnings per share for the current fiscal year.

Analyst Ratings Changes

RTX has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft raised RTX from a “hold” rating to a “buy” rating and upped their target price for the company from $131.00 to $140.00 in a research report on Thursday, January 2nd. Barclays boosted their price target on RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a report on Tuesday, October 29th. TD Cowen upgraded RTX to a “strong-buy” rating in a report on Tuesday, October 8th. Morgan Stanley boosted their price target on RTX from $120.00 to $130.00 and gave the company an “equal weight” rating in a report on Wednesday, October 23rd. Finally, Citigroup upgraded RTX from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $132.00 to $153.00 in a research note on Tuesday, January 21st. Five research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, RTX presently has a consensus rating of “Moderate Buy” and a consensus target price of $160.20.

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.