Trust Co. of Oklahoma Sells 471 Shares of RTX Co. (NYSE:RTX)

Trust Co. of Oklahoma lowered its stake in shares of RTX Co. (NYSE:RTX) by 6.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,606 shares of the company’s stock after selling 471 shares during the quarter. Trust Co. of Oklahoma’s holdings in RTX were worth $764,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. MinichMacGregor Wealth Management LLC lifted its position in shares of RTX by 16.0% during the 4th quarter. MinichMacGregor Wealth Management LLC now owns 1,951 shares of the company’s stock valued at $226,000 after buying an additional 269 shares during the last quarter. Asset Planning Services Inc. LA ADV increased its holdings in RTX by 0.8% in the 4th quarter. Asset Planning Services Inc. LA ADV now owns 61,596 shares of the company’s stock worth $7,128,000 after acquiring an additional 500 shares during the last quarter. True North Advisors LLC raised its stake in RTX by 18.5% in the 4th quarter. True North Advisors LLC now owns 4,365 shares of the company’s stock valued at $505,000 after acquiring an additional 681 shares during the period. Traynor Capital Management Inc. lifted its holdings in RTX by 19.3% during the fourth quarter. Traynor Capital Management Inc. now owns 2,410 shares of the company’s stock valued at $279,000 after purchasing an additional 390 shares during the last quarter. Finally, Sharp Financial Services LLC boosted its position in RTX by 13.5% during the fourth quarter. Sharp Financial Services LLC now owns 4,395 shares of the company’s stock worth $509,000 after purchasing an additional 523 shares during the period. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Wells Fargo & Company upped their price target on shares of RTX from $140.00 to $151.00 and gave the company an “overweight” rating in a research note on Wednesday, January 8th. Susquehanna dropped their target price on RTX from $150.00 to $139.00 and set a “positive” rating on the stock in a research report on Wednesday, January 8th. Morgan Stanley raised their price target on RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 23rd. Barclays boosted their price objective on RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 29th. Finally, UBS Group raised their target price on RTX from $126.00 to $133.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Five research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, RTX has a consensus rating of “Moderate Buy” and an average price target of $158.27.

RTX Stock Down 1.0 %

Shares of NYSE:RTX opened at $124.49 on Thursday. The firm has a market capitalization of $165.69 billion, a PE ratio of 35.57, a price-to-earnings-growth ratio of 2.01 and a beta of 0.81. 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 Co. has a 52-week low of $87.96 and a 52-week high of $128.70. The firm has a fifty day moving average of $118.10 and a 200 day moving average of $118.06.

RTX (NYSE:RTX) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.11. The firm had revenue of $20.09 billion during the quarter, compared to analysts’ expectations of $19.84 billion. RTX had a return on equity of 11.96% and a net margin of 5.97%. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.25 EPS. As a group, 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.