Plimoth Trust Co. LLC Buys 126 Shares of RTX Corporation $RTX

Plimoth Trust Co. LLC boosted its stake in shares of RTX Corporation (NYSE:RTX) by 0.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,264 shares of the company’s stock after purchasing an additional 126 shares during the period. RTX comprises 1.3% of Plimoth Trust Co. LLC’s portfolio, making the stock its 16th largest holding. Plimoth Trust Co. LLC’s holdings in RTX were worth $5,295,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Bay Capital Advisors LLC bought a new stake in shares of RTX in the first quarter worth $224,000. Dynamic Advisor Solutions LLC lifted its holdings in RTX by 8.4% in the first quarter. Dynamic Advisor Solutions LLC now owns 34,657 shares of the company’s stock valued at $4,591,000 after acquiring an additional 2,686 shares during the period. Brookwood Investment Group LLC purchased a new position in RTX in the first quarter worth about $1,288,000. LBP AM SA grew its stake in shares of RTX by 17.7% during the 1st quarter. LBP AM SA now owns 279,179 shares of the company’s stock valued at $36,980,000 after purchasing an additional 41,990 shares during the period. Finally, Arizona State Retirement System increased its position in shares of RTX by 1.4% during the 1st quarter. Arizona State Retirement System now owns 390,617 shares of the company’s stock valued at $51,741,000 after purchasing an additional 5,356 shares during the last quarter. Institutional investors own 86.50% of the company’s stock.

RTX Price Performance

NYSE:RTX opened at $166.73 on Monday. The business’s 50-day simple moving average is $158.18 and its two-hundred day simple moving average is $144.02. RTX Corporation has a 52 week low of $112.27 and a 52 week high of $168.28. The stock has a market cap of $223.18 billion, a PE ratio of 36.64, a P/E/G ratio of 3.07 and a beta of 0.66. The company has a quick ratio of 0.75, a current ratio of 1.01 and a debt-to-equity ratio of 0.60.

RTX (NYSE:RTX) last released its quarterly earnings data on Tuesday, July 22nd. The company reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates of $1.45 by $0.11. The firm had revenue of $21.58 billion during the quarter, compared to analyst estimates of $20.68 billion. RTX had a return on equity of 12.89% and a net margin of 7.35%.The business’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.41 earnings per share. RTX has set its FY 2025 guidance at 5.800-5.950 EPS. As a group, analysts forecast that RTX Corporation will post 6.11 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on RTX shares. Royal Bank Of Canada reissued an “outperform” rating and issued a $170.00 price objective (up previously from $165.00) on shares of RTX in a report on Wednesday, July 23rd. Wall Street Zen cut shares of RTX from a “buy” rating to a “hold” rating in a research note on Saturday, June 21st. Weiss Ratings restated a “buy (b-)” rating on shares of RTX in a research note on Saturday, September 27th. Sanford C. Bernstein raised their target price on RTX from $154.00 to $157.00 and gave the stock a “market perform” rating in a report on Wednesday, September 10th. Finally, The Goldman Sachs Group boosted their price target on RTX from $114.00 to $126.00 and gave the company a “neutral” rating in a report on Monday, June 23rd. Three analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $158.87.

Insider Buying and Selling at RTX

In other news, insider Troy D. Brunk sold 7,654 shares of RTX stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $155.20, for a total transaction of $1,187,900.80. Following the sale, the insider owned 16,442 shares in the company, valued at $2,551,798.40. This trade represents a 31.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Shane G. Eddy sold 25,968 shares of the company’s stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $159.79, for a total transaction of $4,149,426.72. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 56,635 shares of company stock worth $8,947,010. Insiders own 0.15% of the company’s stock.

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.