RTX Co. (NYSE:RTX) Shares Sold by Fortitude Family Office LLC

Fortitude Family Office LLC cut its holdings in shares of RTX Co. (NYSE:RTX) by 12.8% during the third quarter, HoldingsChannel.com reports. The firm owned 964 shares of the company’s stock after selling 141 shares during the period. Fortitude Family Office LLC’s holdings in RTX were worth $117,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in RTX. Briaud Financial Planning Inc raised its stake in RTX by 64.1% in the second quarter. Briaud Financial Planning Inc now owns 256 shares of the company’s stock valued at $25,000 after buying an additional 100 shares during the last quarter. Lynx Investment Advisory purchased a new position in shares of RTX in the 2nd quarter valued at approximately $26,000. Mizuho Securities Co. Ltd. acquired a new stake in RTX in the 2nd quarter worth approximately $32,000. Fairfield Financial Advisors LTD purchased a new stake in RTX during the 2nd quarter worth approximately $41,000. Finally, Stephens Consulting LLC increased its stake in RTX by 34.1% during the 2nd quarter. Stephens Consulting LLC now owns 448 shares of the company’s stock valued at $45,000 after purchasing an additional 114 shares in the last quarter. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Analyst Upgrades and Downgrades

RTX has been the topic of a number of research analyst reports. Royal Bank of Canada boosted their price objective on shares of RTX from $115.00 to $130.00 and gave the company a “sector perform” rating in a report on Wednesday, October 23rd. TD Cowen raised RTX to a “strong-buy” rating in a report on Tuesday, October 8th. Robert W. Baird lifted their target price on RTX from $105.00 to $115.00 and gave the stock a “neutral” rating in a report on Friday, July 26th. Susquehanna increased their price target on shares of RTX from $140.00 to $150.00 and gave the stock a “positive” rating in a report on Wednesday, October 23rd. Finally, UBS Group raised their price target on shares of RTX from $126.00 to $133.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Ten 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $177.27.

RTX Stock Down 2.1 %

RTX stock opened at $122.79 on Wednesday. RTX Co. has a one year low of $77.76 and a one year 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. The firm’s fifty day moving average is $121.98 and its 200 day moving average is $111.75. The firm has a market cap of $163.44 billion, a PE ratio of 48.15, 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 for the quarter, beating the consensus estimate of $1.34 by $0.11. The firm had revenue of $20.09 billion during the quarter, compared to analyst estimates of $19.84 billion. RTX had a return on equity of 11.96% and a net margin of 5.97%. RTX’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.25 EPS. On average, research analysts forecast that RTX Co. will post 5.57 EPS for the current year.

RTX Announces Dividend

The firm also recently announced 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. This represents a $2.52 annualized dividend and a dividend yield of 2.05%. The ex-dividend date of this dividend is Friday, November 15th. RTX’s payout ratio is 98.82%.

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.