Fiduciary Family Office LLC Sells 742 Shares of RTX Co. (NYSE:RTX)

Fiduciary Family Office LLC reduced its stake in shares of RTX Co. (NYSE:RTX) by 7.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,350 shares of the company’s stock after selling 742 shares during the period. Fiduciary Family Office LLC’s holdings in RTX were worth $1,133,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Briaud Financial Planning Inc grew its holdings in RTX by 64.1% during the 2nd quarter. Briaud Financial Planning Inc now owns 256 shares of the company’s stock worth $25,000 after acquiring an additional 100 shares during the period. Lynx Investment Advisory bought a new position in shares of RTX during the 2nd quarter worth approximately $26,000. Mizuho Securities Co. Ltd. bought a new position in shares of RTX during the 2nd quarter worth approximately $32,000. Fairfield Financial Advisors LTD bought a new position in shares of RTX during the 2nd quarter worth approximately $41,000. Finally, Stephens Consulting LLC lifted its position in shares of RTX by 34.1% during the 2nd quarter. Stephens Consulting LLC now owns 448 shares of the company’s stock worth $45,000 after buying an additional 114 shares in the last quarter. 86.50% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on RTX shares. TD Cowen raised shares of RTX to a “strong-buy” rating in a report on Tuesday, October 8th. Barclays lifted their price objective on shares of RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 29th. Citigroup lifted their price objective on shares of RTX from $122.00 to $132.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Melius Research boosted their price target on shares of RTX from $490.00 to $493.00 in a research report on Wednesday, July 24th. Finally, UBS Group boosted their price target on shares of RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Ten analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $177.27.

RTX Trading Up 0.2 %

RTX stock traded up $0.27 during trading on Tuesday, reaching $118.27. The company had a trading volume of 1,607,414 shares, compared to its average volume of 6,681,994. RTX Co. has a 52 week low of $78.00 and a 52 week high of $128.70. The company has a market cap of $157.42 billion, a P/E ratio of 33.79, a PEG ratio of 2.10 and a beta of 0.82. The business has a 50 day moving average of $122.12 and a 200 day moving average of $112.30. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.99 and a quick ratio of 0.73.

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

RTX Dividend Announcement

The firm 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. This represents a $2.52 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date is Friday, November 15th. RTX’s dividend payout ratio (DPR) is presently 72.00%.

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.