RTX Co. (NYSE:RTX) Shares Sold by Broderick Brian C

Broderick Brian C decreased its position in shares of RTX Co. (NYSE:RTX) by 2.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 115,011 shares of the company’s stock after selling 2,743 shares during the quarter. RTX accounts for approximately 2.7% of Broderick Brian C’s portfolio, making the stock its 13th largest holding. Broderick Brian C’s holdings in RTX were worth $13,935,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Omnia Family Wealth LLC grew its position in shares of RTX by 9.1% during the 3rd quarter. Omnia Family Wealth LLC now owns 2,416 shares of the company’s stock valued at $293,000 after acquiring an additional 201 shares during the period. Lifeworks Advisors LLC purchased a new position in RTX during the third quarter worth approximately $358,000. Unionview LLC acquired a new stake in RTX in the third quarter valued at approximately $203,000. Metis Global Partners LLC increased its position in shares of RTX by 2.6% in the third quarter. Metis Global Partners LLC now owns 54,740 shares of the company’s stock valued at $6,632,000 after buying an additional 1,378 shares in the last quarter. Finally, Curi RMB Capital LLC raised its stake in shares of RTX by 2.2% during the 3rd quarter. Curi RMB Capital LLC now owns 100,682 shares of the company’s stock worth $12,199,000 after buying an additional 2,155 shares during the period. 86.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Melius Research boosted their price target on shares of RTX from $490.00 to $493.00 in a report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft raised shares of RTX from a “sell” rating to a “hold” rating and boosted their target price for the stock from $109.00 to $129.00 in a research note on Thursday, October 3rd. Wells Fargo & Company decreased their price target on shares of RTX from $491.00 to $467.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 24th. Alembic Global Advisors upgraded RTX from a “neutral” rating to an “overweight” rating and set a $134.00 price objective for the company in a research note on Tuesday, July 30th. Finally, Barclays raised their target price on RTX from $108.00 to $130.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 29th. Ten research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $177.27.

RTX Trading Down 3.9 %

Shares of RTX stock opened at $118.92 on Friday. RTX Co. has a twelve month low of $78.00 and a twelve month high of $128.70. The stock has a market cap of $158.28 billion, a price-to-earnings ratio of 33.98, a PEG ratio of 2.19 and a beta of 0.82. The company’s 50-day moving average price is $122.20 and its 200-day moving average price is $113.28. 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 (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. The company had revenue of $20.09 billion for the quarter, compared to analyst estimates of $19.84 billion. RTX had a net margin of 5.97% and a return on equity of 11.96%. RTX’s revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.25 EPS. As a group, equities analysts predict that RTX Co. will post 5.56 earnings per share for the current year.

RTX Dividend Announcement

The firm 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 is Friday, November 15th. This represents a $2.52 annualized dividend and a yield of 2.12%. RTX’s dividend payout ratio (DPR) is 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.