True Wealth Design LLC Reduces Stake in RTX Co. (NYSE:RTX)

True Wealth Design LLC reduced its stake in shares of RTX Co. (NYSE:RTX) by 35.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 387 shares of the company’s stock after selling 211 shares during the period. True Wealth Design LLC’s holdings in RTX were worth $47,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. MidAtlantic Capital Management Inc. bought a new stake in shares of RTX during the 3rd quarter valued at $29,000. Briaud Financial Planning Inc lifted 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 in the last quarter. Lynx Investment Advisory bought a new position in shares of RTX in the second quarter valued at approximately $26,000. Mizuho Securities Co. Ltd. purchased a new position in RTX during the second quarter valued at approximately $32,000. Finally, Western Pacific Wealth Management LP bought a new stake in RTX during the 3rd quarter worth approximately $41,000. Institutional investors own 86.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on RTX shares. TD Cowen upgraded shares of RTX to a “strong-buy” rating in a research report on Tuesday, October 8th. Susquehanna boosted their target price on RTX from $140.00 to $150.00 and gave the stock a “positive” rating in a research report on Wednesday, October 23rd. Wells Fargo & Company upgraded RTX from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 21st. Citigroup lifted their price target on RTX from $122.00 to $132.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of RTX from a “sell” rating to a “hold” rating and upped their price objective for the stock from $109.00 to $129.00 in a research report on Thursday, October 3rd. Eight investment analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $177.27.

RTX Stock Up 1.2 %

RTX opened at $121.83 on Monday. The company has a market cap of $162.16 billion, a P/E ratio of 34.81, a P/E/G ratio of 2.16 and a beta of 0.82. RTX Co. has a 12 month low of $79.67 and a 12 month high of $128.70. The business’s 50-day moving average price is $122.34 and its 200-day moving average price is $114.61. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.62.

RTX (NYSE:RTX) last released its quarterly earnings data 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. The firm 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 business’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.25 earnings per share. On average, equities analysts expect that RTX Co. will post 5.56 EPS for the current year.

RTX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Friday, November 15th will be issued a $0.63 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.52 annualized dividend and a yield of 2.07%. RTX’s dividend payout ratio (DPR) is presently 72.00%.

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.