Somerset Trust Co Purchases 1,294 Shares of RTX Co. (NYSE:RTX)

Somerset Trust Co increased its position in RTX Co. (NYSE:RTX) by 3.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,024 shares of the company’s stock after buying an additional 1,294 shares during the quarter. RTX accounts for approximately 1.6% of Somerset Trust Co’s holdings, making the stock its 22nd biggest holding. Somerset Trust Co’s holdings in RTX were worth $4,169,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RTX. MidAtlantic Capital Management Inc. bought a new position in shares of RTX during the third quarter valued at about $29,000. Modus Advisors LLC bought a new position in RTX during the 4th quarter valued at approximately $39,000. Western Pacific Wealth Management LP purchased a new stake in RTX in the 3rd quarter worth approximately $41,000. Kimelman & Baird LLC bought a new stake in shares of RTX in the 2nd quarter worth approximately $46,000. Finally, ORG Wealth Partners LLC purchased a new position in shares of RTX during the third quarter valued at approximately $50,000. 86.50% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Deutsche Bank Aktiengesellschaft raised RTX from a “hold” rating to a “buy” rating and raised their price target for the stock from $131.00 to $140.00 in a research note on Thursday, January 2nd. Barclays lifted 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. Citigroup increased their price target on shares of RTX from $122.00 to $132.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. UBS Group lifted their price objective on RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Finally, Wells Fargo & Company increased their target price on RTX from $140.00 to $151.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 8th. Six investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, RTX currently has a consensus rating of “Moderate Buy” and a consensus price target of $156.87.

RTX Trading Up 0.7 %

NYSE:RTX opened at $121.30 on Friday. RTX Co. has a 52 week low of $84.43 and a 52 week high of $128.70. The stock has a market cap of $161.45 billion, a price-to-earnings ratio of 34.66, a PEG ratio of 1.84 and a beta of 0.81. The company’s 50 day moving average price is $118.10 and its 200-day moving average price is $117.45. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 0.62.

RTX (NYSE:RTX) last posted its earnings results on Tuesday, October 22nd. The company reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.11. The business had revenue of $20.09 billion during the quarter, compared to analyst estimates of $19.84 billion. RTX had a return on equity of 11.96% and a net margin of 5.97%. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.25 EPS. On average, equities research analysts forecast that RTX Co. will post 5.55 earnings per share 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.