United Asset Strategies Inc. Sells 335 Shares of RTX Co. (NYSE:RTX)

United Asset Strategies Inc. cut its stake in shares of RTX Co. (NYSE:RTX) by 0.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,336 shares of the company’s stock after selling 335 shares during the period. United Asset Strategies Inc.’s holdings in RTX were worth $5,251,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. AustralianSuper Pty Ltd lifted its stake in RTX by 15.4% in the 3rd quarter. AustralianSuper Pty Ltd now owns 22,247 shares of the company’s stock worth $2,695,000 after purchasing an additional 2,975 shares in the last quarter. Sippican Capital Advisors increased its holdings in shares of RTX by 0.9% in the third quarter. Sippican Capital Advisors now owns 17,573 shares of the company’s stock worth $2,129,000 after purchasing an additional 155 shares during the period. Catalyst Financial Partners LLC raised its position in shares of RTX by 1.7% in the third quarter. Catalyst Financial Partners LLC now owns 11,172 shares of the company’s stock worth $1,354,000 after buying an additional 187 shares in the last quarter. Goldstone Financial Group LLC bought a new stake in RTX during the third quarter valued at $275,000. Finally, Fiducient Advisors LLC increased its stake in RTX by 1.0% in the 3rd quarter. Fiducient Advisors LLC now owns 24,304 shares of the company’s stock worth $2,945,000 after acquiring an additional 243 shares during the last quarter. 86.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Wells Fargo & Company cut their price objective on RTX from $491.00 to $467.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. TD Cowen upgraded shares of RTX to a “strong-buy” rating in a research report on Tuesday, October 8th. The Goldman Sachs Group upped their target price on shares of RTX from $94.00 to $104.00 and gave the stock a “neutral” rating in a research report on Monday, July 29th. UBS Group raised their price target on RTX from $126.00 to $133.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Finally, Melius Research upped their price objective on RTX from $490.00 to $493.00 in a report on Wednesday, July 24th. Ten investment 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. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $177.27.

RTX Trading Down 0.5 %

RTX stock traded down $0.57 during mid-day trading on Thursday, reaching $121.29. 771,967 shares of the company traded hands, compared to its average volume of 6,696,245. The firm’s 50 day moving average price is $122.07 and its 200 day moving average price is $111.82. RTX Co. has a 52-week low of $78.00 and a 52-week 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. The firm has a market capitalization of $161.44 billion, a price-to-earnings ratio of 47.65, a P/E/G ratio of 2.17 and a beta of 0.82.

RTX (NYSE:RTX) last announced its quarterly earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share (EPS) 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 company had revenue of $20.09 billion for the quarter, compared to analysts’ expectations of $19.84 billion. During the same quarter in the previous year, the company earned $1.25 earnings per share. RTX’s quarterly revenue was up 6.0% on a year-over-year basis. On average, analysts anticipate that RTX Co. will post 5.57 earnings per share for the current fiscal year.

RTX Announces Dividend

The company 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. 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 2.08%. RTX’s dividend payout ratio (DPR) is 98.82%.

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.