RTX Co. (NYSE:RTX) Shares Sold by Prudent Man Advisors LLC

Prudent Man Advisors LLC lowered its stake in shares of RTX Co. (NYSE:RTX) by 16.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,732 shares of the company’s stock after selling 1,779 shares during the quarter. Prudent Man Advisors LLC’s holdings in RTX were worth $1,058,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of RTX. TrinityPoint Wealth LLC raised its stake in RTX by 0.5% during the 3rd quarter. TrinityPoint Wealth LLC now owns 38,752 shares of the company’s stock worth $4,695,000 after acquiring an additional 186 shares in the last quarter. Essential Planning LLC. purchased a new position in shares of RTX during the third quarter worth about $216,000. Tower Bridge Advisors increased its position in shares of RTX by 0.8% during the third quarter. Tower Bridge Advisors now owns 104,542 shares of the company’s stock worth $12,666,000 after purchasing an additional 876 shares in the last quarter. Schear Investment Advisers LLC boosted its position in shares of RTX by 1.6% in the 3rd quarter. Schear Investment Advisers LLC now owns 5,826 shares of the company’s stock valued at $706,000 after purchasing an additional 89 shares during the period. Finally, Turtle Creek Wealth Advisors LLC grew its stake in RTX by 3.2% during the 3rd quarter. Turtle Creek Wealth Advisors LLC now owns 12,121 shares of the company’s stock worth $1,469,000 after buying an additional 373 shares during the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

RTX Stock Down 0.3 %

RTX opened at $118.53 on Monday. The business has a 50 day simple moving average of $122.20 and a 200-day simple moving average of $113.56. RTX Co. has a 12 month low of $78.00 and a 12 month high of $128.70. The stock has a market capitalization of $157.77 billion, a P/E ratio of 33.87, a P/E/G ratio of 2.10 and a beta of 0.82. 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 issued its earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share 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 for the quarter, compared to analyst estimates of $19.84 billion. During the same period in the prior year, the business posted $1.25 earnings per share. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, equities analysts anticipate that RTX Co. will post 5.56 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. 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 yield of 2.13%. RTX’s dividend payout ratio is presently 72.00%.

Wall Street Analysts Forecast Growth

RTX has been the subject of a number of research reports. The Goldman Sachs Group boosted their price objective on RTX from $94.00 to $104.00 and gave the company a “neutral” rating in a research note on Monday, July 29th. Bank of America upgraded shares of RTX from a “neutral” rating to a “buy” rating and increased their price target for the stock from $110.00 to $140.00 in a research note on Wednesday, July 31st. StockNews.com upgraded shares of RTX from a “hold” rating to a “buy” rating in a research note on Friday, September 6th. Citigroup upped their target price on shares of RTX from $122.00 to $132.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Finally, Wells Fargo & Company lowered their price target on RTX from $491.00 to $467.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. Nine investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, RTX presently has a consensus rating of “Hold” and an average target price of $177.27.

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.