RTX Co. (NYSE:RTX) Stake Reduced by Kennebec Savings Bank

Kennebec Savings Bank decreased its position in shares of RTX Co. (NYSE:RTX) by 4.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,499 shares of the company’s stock after selling 369 shares during the quarter. Kennebec Savings Bank’s holdings in RTX were worth $883,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of RTX. MidAtlantic Capital Management Inc. acquired a new position in shares of RTX in the 3rd quarter worth $29,000. Modus Advisors LLC acquired a new stake in RTX during the 4th quarter worth about $39,000. Western Pacific Wealth Management LP acquired a new stake in shares of RTX during the third quarter worth approximately $41,000. ORG Wealth Partners LLC acquired a new stake in RTX during the third quarter valued at $50,000. Finally, Mowery & Schoenfeld Wealth Management LLC lifted its stake in RTX by 20.1% in the third quarter. Mowery & Schoenfeld Wealth Management LLC now owns 514 shares of the company’s stock valued at $62,000 after acquiring an additional 86 shares during the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on RTX. UBS Group lifted their price objective on RTX from $128.00 to $142.00 and gave the stock a “neutral” rating in a research note on Wednesday. Barclays upped their target price on shares of RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 29th. StockNews.com lowered shares of RTX from a “buy” rating to a “hold” rating in a research report on Wednesday. Bank of America upped their price objective on shares of RTX from $145.00 to $155.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Wells Fargo & Company lifted their target price on RTX from $151.00 to $156.00 and gave the stock an “overweight” rating in a research report on Thursday. Six research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $163.07.

RTX Stock Performance

RTX stock opened at $129.14 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.63. The firm has a market cap of $171.89 billion, a PE ratio of 36.38, a P/E/G ratio of 1.99 and a beta of 0.81. The business’s 50-day moving average price is $118.97 and its two-hundred day moving average price is $119.00. RTX Co. has a 1-year low of $88.90 and a 1-year high of $132.43.

RTX (NYSE:RTX) last announced its earnings results on Tuesday, January 28th. The company reported $1.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.19. RTX had a return on equity of 12.45% and a net margin of 5.91%. As a group, research analysts forecast that RTX Co. will post 6.1 earnings per share for the current 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.