Bath Savings Trust Co Sells 216 Shares of RTX Co. (NYSE:RTX)

Bath Savings Trust Co lowered its position in shares of RTX Co. (NYSE:RTXFree Report) by 1.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,846 shares of the company’s stock after selling 216 shares during the quarter. Bath Savings Trust Co’s holdings in RTX were worth $2,297,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. MidAtlantic Capital Management Inc. acquired a new stake in RTX in the 3rd quarter valued at $29,000. Western Pacific Wealth Management LP bought a new position in shares of RTX in the 3rd quarter valued at about $41,000. Modus Advisors LLC bought a new stake in RTX during the fourth quarter worth about $39,000. Fairfield Financial Advisors LTD acquired a new position in RTX during the second quarter valued at approximately $41,000. Finally, ORG Wealth Partners LLC bought a new position in RTX in the third quarter valued at approximately $50,000. 86.50% of the stock is owned by institutional investors.

RTX Stock Up 0.4 %

RTX traded up $0.43 during midday trading on Tuesday, hitting $114.53. The company had a trading volume of 1,276,064 shares, compared to its average volume of 2,791,091. The stock’s 50 day moving average price is $118.64 and its 200 day moving average price is $116.65. RTX Co. has a 52 week low of $84.43 and a 52 week high of $128.70. 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 company has a market capitalization of $152.44 billion, a price-to-earnings ratio of 32.72, a PEG ratio of 2.08 and a beta of 0.81.

RTX (NYSE:RTXGet Free Report) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.11. The firm had revenue of $20.09 billion for the quarter, compared to the consensus estimate of $19.84 billion. RTX had a net margin of 5.97% and a return on equity of 11.96%. The business’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.25 earnings per share. On average, research analysts anticipate that RTX Co. will post 5.56 earnings per share for the current fiscal year.

RTX Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Friday, November 15th were given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date was Friday, November 15th. RTX’s payout ratio is currently 72.00%.

Analyst Ratings Changes

Several equities analysts recently weighed in on RTX shares. 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. Morgan Stanley boosted their price objective on shares of RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 23rd. Citigroup raised their target price on shares of RTX from $122.00 to $132.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. TD Cowen upgraded RTX to a “strong-buy” rating in a research note on Tuesday, October 8th. Finally, Susquehanna lifted their target price on RTX from $140.00 to $150.00 and gave the stock a “positive” rating in a research note on Wednesday, October 23rd. Six research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $178.67.

View Our Latest Research Report on RTX

About RTX

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for RTX (NYSE:RTX)

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