RTX Co. (NYSE:RTX) Shares Sold by Tradewinds LLC.

Tradewinds LLC. lessened its stake in RTX Co. (NYSE:RTX) by 4.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,946 shares of the company’s stock after selling 254 shares during the quarter. Tradewinds LLC.’s holdings in RTX were worth $720,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. MidAtlantic Capital Management Inc. acquired a new stake in shares of RTX during the third quarter worth $29,000. Briaud Financial Planning Inc raised its stake in RTX by 64.1% during the 2nd quarter. Briaud Financial Planning Inc now owns 256 shares of the company’s stock valued at $25,000 after acquiring an additional 100 shares in the last quarter. Lynx Investment Advisory acquired a new position in RTX during the 2nd quarter worth $26,000. Mizuho Securities Co. Ltd. acquired a new position in shares of RTX during the second quarter valued at $32,000. Finally, Western Pacific Wealth Management LP bought a new stake in shares of RTX during the third quarter valued at about $41,000. Institutional investors own 86.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. TD Cowen upgraded shares of RTX to a “strong-buy” rating in a research report on Tuesday, October 8th. Barclays boosted their price target on shares of RTX from $108.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 29th. Bank of America upgraded shares of RTX from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $110.00 to $140.00 in a report on Wednesday, July 31st. Robert W. Baird lifted their price target on shares of RTX from $105.00 to $115.00 and gave the stock a “neutral” rating in a research report on Friday, July 26th. Finally, The Goldman Sachs Group increased their price objective on RTX from $94.00 to $104.00 and gave the company a “neutral” rating in a research report on Monday, July 29th. Nine equities research 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 company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $177.27.

RTX Stock Performance

Shares of RTX opened at $119.14 on Thursday. The company’s 50 day moving average price is $122.13 and its 200 day moving average price is $113.84. The company has a market capitalization of $158.58 billion, a PE ratio of 34.04, a PEG ratio of 2.11 and a beta of 0.82. 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 quick ratio of 0.73 and a current ratio of 0.99.

RTX (NYSE:RTX) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.11. The company had revenue of $20.09 billion during the quarter, compared to the consensus estimate of $19.84 billion. RTX had a return on equity of 11.96% and a net margin of 5.97%. The business’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period last year, the business earned $1.25 EPS. Research analysts expect that RTX Co. will post 5.56 EPS for the current fiscal year.

RTX Announces Dividend

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

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.