RTX Co. (NYSE:RTX) Shares Sold by Eagle Strategies LLC

Eagle Strategies LLC trimmed its stake in shares of RTX Co. (NYSE:RTX) by 5.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,924 shares of the company’s stock after selling 105 shares during the period. Eagle Strategies LLC’s holdings in RTX were worth $233,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Briaud Financial Planning Inc raised its position in RTX by 64.1% during the second 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 last quarter. Lynx Investment Advisory purchased a new position in shares of RTX during the 2nd quarter worth approximately $26,000. Mizuho Securities Co. Ltd. acquired a new position in shares of RTX during the 2nd quarter worth approximately $32,000. Fairfield Financial Advisors LTD purchased a new stake in RTX in the 2nd quarter valued at approximately $41,000. Finally, Stephens Consulting LLC grew its holdings in RTX by 34.1% during the 2nd quarter. Stephens Consulting LLC now owns 448 shares of the company’s stock valued at $45,000 after buying an additional 114 shares during the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on RTX. Wells Fargo & Company reduced their price objective on RTX from $491.00 to $467.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft upgraded shares of 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 report on Thursday, October 3rd. Alembic Global Advisors upgraded shares of RTX from a “neutral” rating to an “overweight” rating and set a $134.00 price target for the company in a report on Tuesday, July 30th. TD Cowen raised shares of RTX to a “strong-buy” rating in a research note on Tuesday, October 8th. Finally, Royal Bank of Canada raised their target price on shares of RTX from $115.00 to $130.00 and gave the stock a “sector perform” rating in a research report on Wednesday, October 23rd. Ten analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, RTX currently has an average rating of “Hold” and an average price target of $177.27.

RTX Stock Performance

NYSE RTX opened at $121.93 on Thursday. The business’s 50-day simple moving average is $122.07 and its 200-day simple moving average is $111.82. The firm has a market capitalization of $162.29 billion, a P/E ratio of 47.82, a P/E/G ratio of 2.17 and a beta of 0.82. RTX Co. has a 1-year low of $78.00 and a 1-year high of $128.70. 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 released its quarterly earnings data 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. RTX had a net margin of 5.97% and a return on equity of 11.96%. The company had revenue of $20.09 billion during the quarter, compared to the consensus estimate of $19.84 billion. During the same period in the previous year, the firm earned $1.25 earnings per share. RTX’s revenue for the quarter was up 6.0% on a year-over-year basis. Equities analysts predict that RTX Co. will post 5.57 EPS for the current year.

RTX Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Friday, November 15th will be paid a $0.63 dividend. The ex-dividend date is Friday, November 15th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.07%. RTX’s dividend payout ratio (DPR) is currently 98.82%.

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.