RTX Co. (NYSE:RTX) Shares Sold by Stock Yards Bank & Trust Co.

Stock Yards Bank & Trust Co. trimmed its holdings in shares of RTX Co. (NYSE:RTX) by 6.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,683 shares of the company’s stock after selling 1,718 shares during the period. Stock Yards Bank & Trust Co.’s holdings in RTX were worth $2,991,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Lantz Financial LLC boosted its position in shares of RTX by 8.0% in the second quarter. Lantz Financial LLC now owns 2,757 shares of the company’s stock worth $277,000 after buying an additional 204 shares during the period. Assenagon Asset Management S.A. boosted its holdings in RTX by 275.3% in the 2nd quarter. Assenagon Asset Management S.A. now owns 323,557 shares of the company’s stock worth $32,482,000 after acquiring an additional 237,344 shares during the period. Triad Wealth Partners LLC acquired a new stake in RTX in the second quarter valued at approximately $72,000. Miracle Mile Advisors LLC raised its stake in shares of RTX by 55.2% during the second quarter. Miracle Mile Advisors LLC now owns 18,944 shares of the company’s stock valued at $1,902,000 after purchasing an additional 6,734 shares during the period. Finally, Blue Trust Inc. lifted its position in shares of RTX by 13.6% during the second quarter. Blue Trust Inc. now owns 16,507 shares of the company’s stock worth $1,610,000 after purchasing an additional 1,977 shares in the last quarter. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

RTX Stock Performance

Shares of NYSE RTX opened at $116.06 on Friday. 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’s 50-day moving average price is $121.64 and its two-hundred day moving average price is $115.33. RTX Co. has a 52-week low of $79.67 and a 52-week high of $128.70. The stock has a market capitalization of $154.48 billion, a P/E ratio of 33.16, a P/E/G ratio of 2.07 and a beta of 0.80.

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

RTX Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. StockNews.com raised shares of RTX from a “hold” rating to a “buy” rating in a research note on Friday, September 6th. Wells Fargo & Company upgraded RTX from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 21st. UBS Group raised their price objective on RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft raised RTX from a “sell” rating to a “hold” rating and upped their target price for the company from $109.00 to $129.00 in a research report on Thursday, October 3rd. Finally, Morgan Stanley raised their price target on shares of RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 23rd. Eight equities research analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $177.27.

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.