RTX Co. (NYSE:RTX) Shares Sold by Great Valley Advisor Group Inc.

Great Valley Advisor Group Inc. lowered its stake in shares of RTX Co. (NYSE:RTX) by 34.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,844 shares of the company’s stock after selling 9,285 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in RTX were worth $2,162,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in RTX. Camden National Bank acquired a new position in RTX during the third quarter worth about $316,000. Stonebrook Private Inc. purchased a new position in RTX during the 3rd quarter valued at about $229,000. Financial Council LLC purchased a new position in RTX during the 3rd quarter valued at about $239,000. Nwam LLC acquired a new stake in shares of RTX during the 3rd quarter valued at about $1,633,000. Finally, Meridian Wealth Management LLC acquired a new stake in shares of RTX during the 3rd quarter valued at about $7,754,000. 86.50% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

RTX has been the topic of several recent analyst reports. StockNews.com raised RTX from a “hold” rating to a “buy” rating in a research report on Friday, September 6th. Barclays boosted their price objective on RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 29th. Royal Bank of Canada upped their price target on RTX from $115.00 to $130.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 23rd. UBS Group increased their target price on RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Finally, Morgan Stanley increased their price target on RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 23rd. Eight analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, RTX currently has a consensus rating of “Moderate Buy” and an average price target of $177.27.

RTX Stock Up 0.2 %

RTX opened at $120.77 on Monday. The company has a market cap of $160.75 billion, a P/E ratio of 34.51, a P/E/G ratio of 2.14 and a beta of 0.82. The business’s 50-day moving average price is $122.17 and its 200-day moving average price is $114.17. The company has a current ratio of 0.99, a quick ratio of 0.73 and a debt-to-equity ratio of 0.62. RTX Co. has a 12 month low of $79.13 and a 12 month high of $128.70.

RTX (NYSE:RTX) last posted its quarterly earnings data 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 return on equity of 11.96% and a net margin of 5.97%. The business had revenue of $20.09 billion for the quarter, compared to analysts’ expectations of $19.84 billion. During the same period in the previous year, the firm posted $1.25 EPS. The business’s revenue was up 6.0% on a year-over-year basis. On average, equities analysts expect that RTX Co. will post 5.56 EPS for the current year.

RTX Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.52 dividend on an annualized basis and a yield of 2.09%. RTX’s dividend payout ratio is presently 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.