Stock Yards Bank & Trust Co. Sells 816 Shares of RTX Co. (NYSE:RTX)

Stock Yards Bank & Trust Co. decreased its stake in RTX Co. (NYSE:RTX) by 3.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,867 shares of the company’s stock after selling 816 shares during the period. Stock Yards Bank & Trust Co.’s holdings in RTX were worth $2,762,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in RTX. Czech National Bank increased its position in shares of RTX by 7.0% during the third quarter. Czech National Bank now owns 270,983 shares of the company’s stock worth $32,832,000 after buying an additional 17,645 shares during the period. HBW Advisory Services LLC bought a new stake in RTX in the third quarter worth about $263,000. GAMMA Investing LLC raised its position in RTX by 29.7% in the third quarter. GAMMA Investing LLC now owns 26,341 shares of the company’s stock worth $3,191,000 after acquiring an additional 6,036 shares during the period. Diversified Trust Co increased its stake in shares of RTX by 10.1% in the third quarter. Diversified Trust Co now owns 36,714 shares of the company’s stock worth $4,448,000 after purchasing an additional 3,365 shares in the last quarter. Finally, Eagle Rock Investment Company LLC purchased a new position in RTX during the third quarter valued at approximately $220,000. Institutional investors own 86.50% of the company’s stock.

RTX Price Performance

Shares of RTX stock opened at $129.08 on Monday. The company has a quick ratio of 0.74, a current ratio of 0.99 and a debt-to-equity ratio of 0.63. The company has a market cap of $171.81 billion, a PE ratio of 36.36, a P/E/G ratio of 2.17 and a beta of 0.82. The business has a 50 day moving average of $119.14 and a 200 day moving average of $119.40. RTX Co. has a 52 week low of $88.90 and a 52 week high of $132.43.

RTX (NYSE:RTX) last announced its earnings results on Tuesday, January 28th. The company reported $1.54 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, equities research analysts forecast that RTX Co. will post 6.12 earnings per share for the current year.

Analyst Upgrades and Downgrades

RTX has been the topic of a number of research analyst reports. JPMorgan Chase & Co. increased their price target on shares of RTX from $140.00 to $150.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Vertical Research raised RTX to a “strong-buy” rating in a research note on Tuesday, January 28th. StockNews.com lowered RTX from a “buy” rating to a “hold” rating in a research report on Wednesday, January 29th. TD Cowen upgraded RTX to a “strong-buy” rating in a research report on Tuesday, October 8th. Finally, Royal Bank of Canada upped their target price on RTX from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 29th. Six analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $163.07.

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.