RTX Co. (NYSE:RTX) Shares Sold by Smart Portfolios LLC

Smart Portfolios LLC decreased its holdings in RTX Co. (NYSE:RTX) by 1.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,754 shares of the company’s stock after selling 100 shares during the quarter. Smart Portfolios LLC’s holdings in RTX were worth $818,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Briaud Financial Planning Inc boosted its holdings in shares of RTX by 64.1% in the second quarter. Briaud Financial Planning Inc now owns 256 shares of the company’s stock worth $25,000 after buying an additional 100 shares during the period. Lynx Investment Advisory purchased a new stake in shares of RTX in the 2nd quarter valued at approximately $26,000. Mizuho Securities Co. Ltd. acquired a new position in RTX in the 2nd quarter worth approximately $32,000. Fairfield Financial Advisors LTD purchased a new position in RTX during the 2nd quarter worth approximately $41,000. Finally, ORG Wealth Partners LLC acquired a new stake in RTX during the 3rd quarter valued at $50,000. Institutional investors own 86.50% of the company’s stock.

RTX Stock Performance

RTX stock traded up $2.01 during trading hours on Wednesday, reaching $120.99. 1,696,411 shares of the company were exchanged, compared to its average volume of 6,688,974. RTX Co. has a 12 month low of $78.00 and a 12 month high of $128.70. The firm has a market cap of $161.04 billion, a price-to-earnings ratio of 34.57, a PEG ratio of 2.09 and a beta of 0.82. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.62. The stock has a 50-day moving average of $122.11 and a 200 day moving average of $112.42.

RTX (NYSE:RTX) last posted its earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.11. The business had revenue of $20.09 billion for the quarter, compared to analyst estimates of $19.84 billion. RTX had a net margin of 5.97% and a return on equity of 11.96%. RTX’s revenue was up 6.0% compared to the same quarter last year. During the same period last year, the business posted $1.25 EPS. As a group, research analysts anticipate that RTX Co. will post 5.56 earnings per share for the current year.

RTX Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Friday, November 15th will be paid a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.52 annualized dividend and a yield of 2.08%. RTX’s payout ratio is 72.00%.

Analyst Ratings Changes

RTX has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lifted their price target on RTX from $110.00 to $130.00 and gave the company an “overweight” rating in a report on Monday, July 29th. TD Cowen raised shares of RTX to a “strong-buy” rating in a research report on Tuesday, October 8th. Royal Bank of Canada boosted their price objective on shares of RTX from $115.00 to $130.00 and gave the company a “sector perform” rating in a research report on Wednesday, October 23rd. Melius Research increased their target price on shares of RTX from $490.00 to $493.00 in a research report on Wednesday, July 24th. Finally, StockNews.com upgraded shares of RTX from a “hold” rating to a “buy” rating in a report on Friday, September 6th. Ten analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, RTX presently has an average rating of “Hold” and an average target price of $177.27.

RTX 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.