Plimoth Trust Co. LLC Sells 267 Shares of RTX Co. (NYSE:RTX)

Plimoth Trust Co. LLC decreased its holdings in shares of RTX Co. (NYSE:RTX) by 0.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 35,686 shares of the company’s stock after selling 267 shares during the quarter. RTX comprises approximately 1.1% of Plimoth Trust Co. LLC’s holdings, making the stock its 25th largest position. Plimoth Trust Co. LLC’s holdings in RTX were worth $4,130,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. MidAtlantic Capital Management Inc. bought a new stake in RTX during the 3rd quarter valued at approximately $29,000. Modus Advisors LLC acquired a new stake in shares of RTX during the 4th quarter worth approximately $39,000. Western Pacific Wealth Management LP acquired a new stake in shares of RTX during the 3rd quarter worth approximately $41,000. Kimelman & Baird LLC acquired a new stake in shares of RTX during the 2nd quarter worth approximately $46,000. Finally, ORG Wealth Partners LLC acquired a new stake in shares of RTX during the 3rd quarter worth approximately $50,000. Institutional investors own 86.50% of the company’s stock.

Analyst Ratings Changes

RTX has been the topic of several recent research reports. Susquehanna decreased their price objective on RTX from $150.00 to $139.00 and set a “positive” rating on the stock in a report on Wednesday, January 8th. Royal Bank of Canada raised RTX from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from $130.00 to $140.00 in a report on Thursday, December 19th. Wells Fargo & Company boosted their price target on RTX from $140.00 to $151.00 and gave the company an “overweight” rating in a research note on Wednesday, January 8th. TD Cowen raised RTX to a “strong-buy” rating in a research note on Tuesday, October 8th. Finally, JPMorgan Chase & Co. boosted their price target on RTX from $140.00 to $150.00 and gave the company an “overweight” rating in a research note on Wednesday. Five equities 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 stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $160.20.

RTX Price Performance

RTX traded down $1.36 during trading on Wednesday, hitting $126.99. The company’s stock had a trading volume of 914,311 shares, compared to its average volume of 4,400,834. The stock has a market capitalization of $169.02 billion, a price-to-earnings ratio of 36.35, a price-to-earnings-growth ratio of 1.99 and a beta of 0.81. RTX Co. has a 12 month low of $88.90 and a 12 month high of $132.43. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 0.62. The firm’s 50 day moving average price is $118.67 and its two-hundred day moving average price is $118.89.

RTX (NYSE:RTX) last released its earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.19. RTX had a return on equity of 11.96% and a net margin of 5.97%. Sell-side analysts forecast that RTX Co. will post 5.56 earnings per share for the current fiscal year.

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.