Capital City Trust Co. FL Purchases 315 Shares of RTX Co. (NYSE:RTX)

Capital City Trust Co. FL increased its position in shares of RTX Co. (NYSE:RTX) by 3.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,327 shares of the company’s stock after acquiring an additional 315 shares during the period. Capital City Trust Co. FL’s holdings in RTX were worth $1,130,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Briaud Financial Planning Inc lifted its position in shares of 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 buying an additional 100 shares during the last quarter. Lynx Investment Advisory bought a new position in RTX in the 2nd quarter valued at approximately $26,000. Mizuho Securities Co. Ltd. acquired a new position in shares of RTX during the second quarter worth $32,000. Fairfield Financial Advisors LTD acquired a new position in shares of RTX during the second quarter worth $41,000. Finally, Western Pacific Wealth Management LP bought a new position in shares of RTX in the 3rd quarter valued at $41,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have issued reports on RTX shares. StockNews.com raised RTX from a “hold” rating to a “buy” rating in a report on Friday, September 6th. Citigroup increased their price objective on RTX from $122.00 to $132.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Bank of America upgraded RTX from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $110.00 to $140.00 in a research report on Wednesday, July 31st. 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 report on Wednesday, October 23rd. Finally, Royal Bank of Canada upped their price objective on shares of RTX from $115.00 to $130.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 23rd. Nine investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, RTX presently has an average rating of “Hold” and an average price target of $177.27.

RTX Price Performance

RTX stock opened at $118.53 on Monday. The firm has a 50 day moving average of $122.20 and a 200-day moving average of $113.56. 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 firm has a market capitalization of $157.77 billion, a P/E ratio of 33.87, a price-to-earnings-growth ratio of 2.10 and a beta of 0.82. RTX Co. has a 12 month low of $78.00 and a 12 month high of $128.70.

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

RTX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Friday, November 15th will be given a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 2.13%. The ex-dividend date is Friday, November 15th. RTX’s dividend payout ratio (DPR) is 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.