RTX Co. (NYSE:RTX) Position Reduced by Trust Co of Kansas

Trust Co of Kansas lowered its holdings in RTX Co. (NYSE:RTX) by 2.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 67,318 shares of the company’s stock after selling 1,825 shares during the quarter. RTX makes up approximately 3.7% of Trust Co of Kansas’ investment portfolio, making the stock its 9th largest holding. Trust Co of Kansas’ holdings in RTX were worth $7,790,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. MidAtlantic Capital Management Inc. purchased a new position in RTX during the 3rd quarter valued at about $29,000. Western Pacific Wealth Management LP purchased a new position in RTX during the third quarter valued at approximately $41,000. Modus Advisors LLC bought a new stake in RTX during the 4th quarter worth approximately $39,000. ORG Wealth Partners LLC purchased a new stake in RTX in the 3rd quarter worth approximately $50,000. Finally, Kimelman & Baird LLC bought a new position in RTX in the 2nd quarter valued at $46,000. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

RTX Trading Up 0.7 %

NYSE RTX opened at $121.30 on Friday. The stock has a 50-day moving average of $118.10 and a 200-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 Co. has a 1-year low of $84.43 and a 1-year high of $128.70. The firm has a market cap of $161.45 billion, a PE ratio of 34.66, a price-to-earnings-growth ratio of 1.84 and a beta of 0.81.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Citigroup increased their price objective on RTX from $122.00 to $132.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Morgan Stanley raised 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. UBS Group upped their price objective on shares of RTX from $126.00 to $133.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Barclays lifted their target price on shares of RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 29th. Finally, Royal Bank of Canada upgraded shares of RTX from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $130.00 to $140.00 in a research report on Thursday, December 19th. Six research 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. Based on data from MarketBeat, RTX has a consensus rating of “Moderate Buy” and an average target price of $156.87.

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.