Plimoth Trust Co. LLC raised its position in shares of RTX Corporation (NYSE:RTX – Free Report) by 0.3% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 36,264 shares of the company’s stock after buying an additional 126 shares during the period. RTX comprises about 1.3% of Plimoth Trust Co. LLC’s investment portfolio, making the stock its 16th biggest holding. Plimoth Trust Co. LLC’s holdings in RTX were worth $5,295,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of RTX. Bay Capital Advisors LLC purchased a new stake in RTX in the 1st quarter worth approximately $224,000. Dynamic Advisor Solutions LLC lifted its stake in RTX by 8.4% in the first quarter. Dynamic Advisor Solutions LLC now owns 34,657 shares of the company’s stock worth $4,591,000 after acquiring an additional 2,686 shares during the period. Brookwood Investment Group LLC bought a new stake in RTX in the first quarter valued at $1,288,000. LBP AM SA increased its position in RTX by 17.7% during the 1st quarter. LBP AM SA now owns 279,179 shares of the company’s stock valued at $36,980,000 after purchasing an additional 41,990 shares during the period. Finally, Arizona State Retirement System raised its holdings in RTX by 1.4% in the 1st quarter. Arizona State Retirement System now owns 390,617 shares of the company’s stock worth $51,741,000 after purchasing an additional 5,356 shares in the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.
RTX Stock Up 0.1%
RTX stock opened at $166.73 on Monday. The business has a 50 day moving average of $158.18 and a 200 day moving average of $144.02. The firm has a market cap of $223.18 billion, a PE ratio of 36.64, a price-to-earnings-growth ratio of 3.07 and a beta of 0.66. RTX Corporation has a twelve month low of $112.27 and a twelve month high of $168.28. The company has a quick ratio of 0.75, a current ratio of 1.01 and a debt-to-equity ratio of 0.60.
Insider Buying and Selling at RTX
In other RTX news, VP Kevin G. Dasilva sold 8,704 shares of RTX stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $156.20, for a total value of $1,359,564.80. Following the completion of the transaction, the vice president directly owned 30,004 shares of the company’s stock, valued at approximately $4,686,624.80. The trade was a 22.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Troy D. Brunk sold 7,654 shares of the stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $155.20, for a total transaction of $1,187,900.80. Following the sale, the insider owned 16,442 shares in the company, valued at approximately $2,551,798.40. The trade was a 31.76% decrease in their position. The disclosure for this sale can be found here. Insiders sold 56,635 shares of company stock worth $8,947,010 in the last 90 days. Insiders own 0.15% of the company’s stock.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on RTX. Weiss Ratings reiterated a “buy (b-)” rating on shares of RTX in a research report on Saturday, September 27th. The Goldman Sachs Group upped their target price on RTX from $114.00 to $126.00 and gave the stock a “neutral” rating in a report on Monday, June 23rd. Citigroup increased their target price on RTX from $148.00 to $182.00 and gave the stock a “buy” rating in a research report on Monday, July 14th. Royal Bank Of Canada restated an “outperform” rating and set a $170.00 price target (up from $165.00) on shares of RTX in a research report on Wednesday, July 23rd. Finally, Susquehanna increased their price objective on RTX from $160.00 to $175.00 and gave the stock a “positive” rating in a report on Wednesday, July 23rd. Three research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $158.87.
RTX 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.
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