OLD Second National Bank of Aurora Sells 178 Shares of RTX Co. (NYSE:RTX)

OLD Second National Bank of Aurora cut its holdings in RTX Co. (NYSE:RTX) by 18.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 765 shares of the company’s stock after selling 178 shares during the period. OLD Second National Bank of Aurora’s holdings in RTX were worth $89,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Geode Capital Management LLC lifted its position in RTX by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 27,263,780 shares of the company’s stock valued at $3,290,622,000 after acquiring an additional 508,344 shares in the last quarter. Fisher Asset Management LLC lifted its position in RTX by 4.8% in the 3rd quarter. Fisher Asset Management LLC now owns 18,471,471 shares of the company’s stock valued at $2,238,004,000 after acquiring an additional 852,183 shares in the last quarter. FMR LLC lifted its position in RTX by 8.7% in the 3rd quarter. FMR LLC now owns 6,102,848 shares of the company’s stock valued at $739,421,000 after acquiring an additional 490,109 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of RTX by 2.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,886,614 shares of the company’s stock valued at $713,222,000 after buying an additional 140,697 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of RTX by 1.3% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,937,660 shares of the company’s stock valued at $355,927,000 after buying an additional 38,930 shares during the period. 86.50% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on RTX shares. StockNews.com cut RTX from a “buy” rating to a “hold” rating in a report on Wednesday. Morgan Stanley increased their price target on RTX from $130.00 to $135.00 and gave the company an “equal weight” rating in a report on Wednesday. Royal Bank of Canada increased their price target on RTX from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday. Barclays increased their price target on RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a report on Tuesday, October 29th. Finally, JPMorgan Chase & Co. increased their price target on RTX from $140.00 to $150.00 and gave the company an “overweight” rating in a report on Wednesday. Six equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $161.73.

RTX Stock Performance

NYSE RTX opened at $125.25 on Thursday. The firm has a market cap of $166.71 billion, a price-to-earnings ratio of 35.79, a price-to-earnings-growth ratio of 1.99 and a beta of 0.81. The company has a quick ratio of 0.73, a current ratio of 0.99 and a debt-to-equity ratio of 0.62. The business has a 50-day moving average price of $118.79 and a 200-day moving average price of $118.93. RTX Co. has a twelve month low of $88.90 and a twelve month high of $132.43.

RTX (NYSE:RTX) last released its quarterly earnings data on Tuesday, January 28th. The company reported $1.54 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.19. RTX had a return on equity of 11.96% and a net margin of 5.97%. As a group, equities research analysts predict 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.