RTX Co. (NYSE:RTX) Shares Sold by F M Investments LLC

F M Investments LLC lowered its position in RTX Co. (NYSE:RTX) by 4.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 88,657 shares of the company’s stock after selling 4,533 shares during the period. F M Investments LLC’s holdings in RTX were worth $10,755,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Manning & Napier Advisors LLC purchased a new position in shares of RTX in the second quarter valued at $30,837,000. O Shaughnessy Asset Management LLC increased its holdings in RTX by 126.9% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 175,682 shares of the company’s stock valued at $17,134,000 after acquiring an additional 98,248 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in RTX by 16.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 78,994 shares of the company’s stock worth $9,510,000 after acquiring an additional 11,354 shares during the last quarter. Cetera Investment Advisers lifted its holdings in shares of RTX by 174.0% in the first quarter. Cetera Investment Advisers now owns 365,483 shares of the company’s stock valued at $35,646,000 after purchasing an additional 232,103 shares in the last quarter. Finally, Susquehanna International Securities Ltd. acquired a new stake in shares of RTX in the second quarter valued at approximately $602,000. 86.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on RTX. UBS Group boosted their price target on RTX from $126.00 to $133.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Robert W. Baird upped their target price on shares of RTX from $105.00 to $115.00 and gave the company a “neutral” rating in a report on Friday, July 26th. Melius Research lifted their price target on shares of RTX from $490.00 to $493.00 in a report on Wednesday, July 24th. 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. Finally, StockNews.com raised shares of RTX from a “hold” rating to a “buy” rating in a research note on Friday, September 6th. 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 company’s stock. Based on data from MarketBeat, RTX has an average rating of “Hold” and an average target price of $177.27.

RTX Trading Down 1.9 %

NYSE RTX traded down $2.24 during mid-day trading on Friday, hitting $118.75. The company’s stock had a trading volume of 5,235,060 shares, compared to its average volume of 4,109,141. 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 Co. has a 52-week low of $78.00 and a 52-week high of $128.70. The stock’s fifty day simple moving average is $122.13 and its two-hundred day simple moving average is $112.02. The firm has a market capitalization of $158.06 billion, a P/E ratio of 33.93, a price-to-earnings-growth ratio of 2.14 and a beta of 0.82.

RTX (NYSE:RTX) last posted its earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share for the quarter, beating 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 business had revenue of $20.09 billion for the quarter, compared to analyst estimates of $19.84 billion. During the same quarter in the previous year, the business posted $1.25 EPS. The business’s quarterly revenue was up 6.0% on a year-over-year basis. Research analysts expect that RTX Co. will post 5.56 EPS for the current year.

RTX Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Friday, November 15th will be issued a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.52 annualized dividend and a dividend yield of 2.12%. RTX’s payout ratio is currently 72.00%.

About RTX

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.