Central Pacific Bank Trust Division Has $3.37 Million Holdings in RTX Co. (NYSE:RTX)

Central Pacific Bank Trust Division decreased its stake in RTX Co. (NYSE:RTX) by 7.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 29,090 shares of the company’s stock after selling 2,414 shares during the quarter. Central Pacific Bank Trust Division’s holdings in RTX were worth $3,366,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. MidAtlantic Capital Management Inc. bought a new stake in RTX in the 3rd quarter valued at $29,000. Modus Advisors LLC acquired a new position in shares of RTX during the fourth quarter worth about $39,000. Fairfield Financial Advisors LTD bought a new position in shares of RTX during the second quarter worth about $41,000. Western Pacific Wealth Management LP acquired a new stake in RTX in the 3rd quarter valued at approximately $41,000. Finally, Kimelman & Baird LLC acquired a new position in RTX during the second quarter worth $46,000. Institutional investors own 86.50% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. TD Cowen raised RTX to a “strong-buy” rating in a research report on Tuesday, October 8th. Morgan Stanley boosted their price target on RTX from $120.00 to $130.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 23rd. UBS Group upped their price objective on RTX from $126.00 to $133.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Susquehanna boosted their target price on shares of RTX from $140.00 to $150.00 and gave the stock a “positive” rating in a research note on Wednesday, October 23rd. Finally, StockNews.com upgraded RTX from a “hold” rating to a “buy” rating in a research note on Friday, September 6th. Six investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $178.67.

RTX Stock Performance

Shares of NYSE:RTX traded down $0.08 during midday trading on Friday, reaching $115.93. 1,116,349 shares of the company traded hands, compared to its average volume of 2,133,094. 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 firm has a market capitalization of $154.30 billion, a price-to-earnings ratio of 33.12, a price-to-earnings-growth ratio of 2.08 and a beta of 0.80. RTX Co. has a 12 month low of $84.43 and a 12 month high of $128.70. The firm’s fifty day moving average price is $119.05 and its two-hundred day moving average price is $116.35.

RTX (NYSE:RTX) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.11. RTX had a return on equity of 11.96% and a net margin of 5.97%. The business had revenue of $20.09 billion for the quarter, compared to the consensus estimate of $19.84 billion. During the same quarter last year, the business posted $1.25 earnings per share. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, equities analysts expect that RTX Co. will post 5.56 earnings per share for the current year.

RTX Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 12th. Stockholders of record on Friday, November 15th were issued a dividend of $0.63 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.17%. RTX’s dividend payout ratio is currently 72.00%.

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.