First Financial Bank Trust Division Sells 188 Shares of RTX Co. (NYSE:RTX)

First Financial Bank Trust Division cut its stake in RTX Co. (NYSE:RTX) by 3.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,029 shares of the company’s stock after selling 188 shares during the quarter. First Financial Bank Trust Division’s holdings in RTX were worth $591,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of RTX. Cantor Fitzgerald Investment Advisor L.P raised its position in shares of RTX by 94.5% in the first quarter. Cantor Fitzgerald Investment Advisor L.P now owns 322,180 shares of the company’s stock valued at $31,918,000 after purchasing an additional 156,550 shares during the period. Parkside Financial Bank & Trust increased its position in RTX by 9.2% during the first quarter. Parkside Financial Bank & Trust now owns 11,011 shares of the company’s stock worth $1,091,000 after acquiring an additional 931 shares during the period. Ironwood Wealth Management LLC. increased its position in RTX by 1.2% during the first quarter. Ironwood Wealth Management LLC. now owns 10,761 shares of the company’s stock worth $1,066,000 after acquiring an additional 128 shares during the period. AMI Investment Management Inc. increased its position in RTX by 53.1% during the first quarter. AMI Investment Management Inc. now owns 35,502 shares of the company’s stock worth $3,517,000 after acquiring an additional 12,316 shares during the period. Finally, LSV Asset Management increased its position in RTX by 1.4% during the first quarter. LSV Asset Management now owns 141,700 shares of the company’s stock worth $14,038,000 after acquiring an additional 2,000 shares during the period. 79.06% of the stock is owned by institutional investors.

RTX Price Performance

Shares of NYSE RTX opened at $75.56 on Thursday. The company has a 50 day simple moving average of $88.07 and a 200 day simple moving average of $94.37. The firm has a market cap of $109.98 billion, a PE ratio of 20.04, a price-to-earnings-growth ratio of 2.14 and a beta of 0.97. RTX Co. has a 1 year low of $73.66 and a 1 year high of $108.84. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.10 and a quick ratio of 0.81.

RTX (NYSE:RTX) last released its quarterly earnings results on Tuesday, July 25th. The company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.11. RTX had a net margin of 7.88% and a return on equity of 9.98%. The firm had revenue of $18.32 billion during the quarter, compared to analyst estimates of $17.68 billion. During the same quarter last year, the business earned $1.16 EPS. The company’s revenue was up 12.3% compared to the same quarter last year. On average, research analysts forecast that RTX Co. will post 5 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently commented on RTX. TD Cowen lowered their price target on shares of RTX from $109.00 to $99.00 and set an “outperform” rating on the stock in a research report on Tuesday. Robert W. Baird lowered their price target on shares of RTX from $115.00 to $100.00 in a research report on Wednesday, July 26th. DZ Bank downgraded shares of RTX from a “buy” rating to a “hold” rating and set a $79.00 price objective on the stock. in a research note on Thursday. Argus downgraded shares of RTX from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Finally, StockNews.com downgraded shares of RTX from a “buy” rating to a “hold” rating in a research note on Monday. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, RTX currently has a consensus rating of “Hold” and an average target price of $95.88.

RTX Company Profile

RTX Corporation, an aerospace and defense company, provides systems and services for the commercial, military, and government customers worldwide. It operates through four segments: Collins Aerospace, Pratt & Whitney, Raytheon Intelligence & Space, and Raytheon Missiles & Defense. The Collins Aerospace Systems segment offers aerospace and defense products, and aftermarket service solutions for aircraft manufacturers and airlines, as well as regional, business, and general aviation; and for defense and commercial space operations.