Trust Co. of Toledo NA OH Sells 348 Shares of RTX Co. (NYSE:RTX)

Trust Co. of Toledo NA OH decreased its stake in RTX Co. (NYSE:RTX) by 1.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,964 shares of the company’s stock after selling 348 shares during the period. Trust Co. of Toledo NA OH’s holdings in RTX were worth $4,162,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. MidAtlantic Capital Management Inc. bought a new position in RTX during the 3rd quarter worth approximately $29,000. Modus Advisors LLC acquired a new stake in RTX during the 4th quarter worth about $39,000. Fairfield Financial Advisors LTD bought a new stake in RTX in the second quarter worth approximately $41,000. Western Pacific Wealth Management LP acquired a new position in RTX in the third quarter valued at approximately $41,000. Finally, Kimelman & Baird LLC bought a new position in shares of RTX during the 2nd quarter worth approximately $46,000. 86.50% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. UBS Group boosted their target price on shares of RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Royal Bank of Canada upgraded shares of RTX from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from $130.00 to $140.00 in a report on Thursday, December 19th. Barclays lifted their price target on RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 29th. TD Cowen upgraded RTX to a “strong-buy” rating in a report on Tuesday, October 8th. Finally, Morgan Stanley increased their price target on RTX from $120.00 to $130.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 23rd. Six 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’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $156.87.

RTX Price Performance

RTX traded up $2.33 during trading on Monday, reaching $117.44. The stock had a trading volume of 1,132,498 shares, compared to its average volume of 3,290,869. The business has a 50-day moving average of $118.18 and a 200-day moving average of $117.01. RTX Co. has a one year low of $84.43 and a one year high of $128.70. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 0.99. The stock has a market cap of $156.31 billion, a PE ratio of 33.55, a PEG ratio of 2.08 and a beta of 0.81.

RTX (NYSE:RTX) last issued its quarterly earnings results on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, beating analysts’ consensus estimates of $1.34 by $0.11. The business had revenue of $20.09 billion for 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% on a year-over-year basis. During the same period last year, the business earned $1.25 earnings per share. As a group, equities research analysts anticipate that RTX Co. will post 5.56 EPS for the current fiscal year.

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.