Rockland Trust Co. Sells 485 Shares of RTX Co. (NYSE:RTX)

Rockland Trust Co. decreased its holdings in RTX Co. (NYSE:RTX) by 6.2% in the 4th quarter, HoldingsChannel reports. The firm owned 7,336 shares of the company’s stock after selling 485 shares during the quarter. Rockland Trust Co.’s holdings in RTX were worth $849,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of RTX. Fifth Third Wealth Advisors LLC lifted its position in RTX by 13.6% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 24,105 shares of the company’s stock worth $2,789,000 after buying an additional 2,890 shares in the last quarter. Community Trust & Investment Co. raised its stake in shares of RTX by 2.9% in the fourth quarter. Community Trust & Investment Co. now owns 134,268 shares of the company’s stock worth $15,538,000 after acquiring an additional 3,732 shares during the last quarter. Pines Wealth Management LLC acquired a new position in shares of RTX during the fourth quarter worth approximately $729,000. SeaCrest Wealth Management LLC grew its stake in shares of RTX by 16.6% during the fourth quarter. SeaCrest Wealth Management LLC now owns 14,693 shares of the company’s stock valued at $1,700,000 after purchasing an additional 2,097 shares during the last quarter. Finally, Accurate Wealth Management LLC increased its holdings in shares of RTX by 9.0% in the fourth quarter. Accurate Wealth Management LLC now owns 6,774 shares of the company’s stock valued at $780,000 after purchasing an additional 559 shares in the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

RTX Trading Down 0.3 %

NYSE RTX opened at $119.07 on Thursday. 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 stock’s 50-day moving average is $118.19 and its 200-day moving average is $117.27. RTX Co. has a one year low of $84.43 and a one year high of $128.70. The firm has a market cap of $158.48 billion, a P/E ratio of 34.02, a P/E/G ratio of 2.08 and a beta of 0.81.

RTX (NYSE:RTX) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.11. The company had revenue of $20.09 billion during the quarter, compared to analysts’ expectations of $19.84 billion. RTX had a net margin of 5.97% and a return on equity of 11.96%. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.25 earnings per share. Sell-side analysts anticipate that RTX Co. will post 5.56 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have commented on RTX shares. Morgan Stanley increased their price objective on RTX from $120.00 to $130.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 23rd. Susquehanna decreased their price target on RTX from $150.00 to $139.00 and set a “positive” rating on the stock in a report on Wednesday, January 8th. TD Cowen raised RTX to a “strong-buy” rating in a report on Tuesday, October 8th. Royal Bank of Canada raised shares of RTX from a “sector perform” rating to an “outperform” rating and raised their target price for the company from $130.00 to $140.00 in a research note on Thursday, December 19th. Finally, Citigroup boosted their price target on shares of RTX from $122.00 to $132.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Six equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $156.87.

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.