RTX Co. (NYSE:RTX) Shares Sold by Trust Co. of Vermont

Trust Co. of Vermont cut its holdings in shares of RTX Co. (NYSE:RTX - Free Report) by 1.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 148,462 shares of the company's stock after selling 2,747 shares during the quarter. Trust Co. of Vermont's holdings in RTX were worth $17,180,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. MidAtlantic Capital Management Inc. acquired a new stake in shares of RTX in the third quarter valued at $29,000. Modus Advisors LLC acquired a new position in RTX in the 4th quarter valued at about $39,000. Western Pacific Wealth Management LP acquired a new stake in shares of RTX during the third quarter worth about $41,000. Kimelman & Baird LLC acquired a new position in shares of RTX in the second quarter valued at approximately $46,000. Finally, ORG Wealth Partners LLC acquired a new position in shares of RTX in the third quarter valued at approximately $50,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. UBS Group boosted their price target on shares of RTX from $126.00 to $133.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 23rd. TD Cowen upgraded RTX to a "strong-buy" rating in a report on Tuesday, October 8th. Wells Fargo & Company lifted their price objective on RTX from $140.00 to $151.00 and gave the company an "overweight" rating in a research note on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft upgraded shares of RTX from a "hold" rating to a "buy" rating and upped their target price for the stock from $131.00 to $140.00 in a research note on Thursday, January 2nd. 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 report on Thursday, October 10th. Six analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $156.87.

RTX Stock Performance

NYSE RTX traded up $0.84 during trading on Friday, reaching $121.30. The company's stock had a trading volume of 4,182,063 shares, compared to its average volume of 3,467,505. RTX Co. has a twelve month low of $84.43 and a twelve month high of $128.70. The firm has a market cap of $161.45 billion, a price-to-earnings ratio of 34.66, a P/E/G ratio of 1.84 and a beta of 0.81. The business's fifty day moving average price is $118.10 and its 200-day moving average price is $117.57. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.73 and a current ratio of 0.99.

RTX (NYSE:RTX - Get Free Report) last announced its 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. RTX had a return on equity of 11.96% and a net margin of 5.97%. The company had revenue of $20.09 billion for the quarter, compared to the consensus estimate of $19.84 billion. During the same period last year, the business posted $1.25 EPS. The company's revenue was up 6.0% on a year-over-year basis. As a group, analysts anticipate that RTX Co. will post 5.55 EPS for the current fiscal year.

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.