RTX Co. (NYSE:RTX) Shares Sold by Focused Investors LLC

Focused Investors LLC reduced its position in shares of RTX Co. (NYSE:RTX) by 1.8% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 789,350 shares of the company’s stock after selling 14,700 shares during the quarter. RTX comprises 2.9% of Focused Investors LLC’s portfolio, making the stock its 20th largest holding. Focused Investors LLC’s holdings in RTX were worth $95,638,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of RTX. Briaud Financial Planning Inc grew its holdings in RTX by 64.1% during the second quarter. Briaud Financial Planning Inc now owns 256 shares of the company’s stock worth $25,000 after acquiring an additional 100 shares during the period. Lynx Investment Advisory bought a new position in shares of RTX during the 2nd quarter valued at about $26,000. Mizuho Securities Co. Ltd. bought a new position in shares of RTX during the 2nd quarter valued at about $32,000. Fairfield Financial Advisors LTD bought a new stake in shares of RTX in the 2nd quarter worth approximately $41,000. Finally, Western Pacific Wealth Management LP acquired a new stake in RTX during the third quarter valued at approximately $41,000. 86.50% of the stock is currently owned by institutional investors and hedge funds.

RTX Stock Up 0.2 %

RTX stock opened at $118.53 on Friday. The firm’s 50 day moving average price is $122.20 and its two-hundred day moving average price is $113.47. The firm has a market cap of $157.77 billion, a PE ratio of 33.87, a P/E/G ratio of 2.10 and a beta of 0.82. RTX Co. has a twelve month low of $78.00 and a twelve month 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 announced its quarterly earnings data on Tuesday, October 22nd. The company reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.11. RTX had a return on equity of 11.96% and a net margin of 5.97%. The business had revenue of $20.09 billion during the quarter, compared to analyst estimates of $19.84 billion. During the same period last year, the company earned $1.25 earnings per share. RTX’s quarterly revenue was up 6.0% compared to the same quarter last year. On average, research analysts predict that RTX Co. will post 5.56 EPS for the current fiscal year.

RTX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Friday, November 15th will be given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 2.13%. The ex-dividend date is Friday, November 15th. RTX’s payout ratio is presently 72.00%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on RTX shares. The Goldman Sachs Group lifted their price target 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. Citigroup lifted their target price on RTX from $122.00 to $132.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Wells Fargo & Company reduced their target price on RTX from $491.00 to $467.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. Morgan Stanley lifted their price target on RTX from $120.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. upped their price objective on shares of RTX from $110.00 to $130.00 and gave the company an “overweight” rating in a research note on Monday, July 29th. Nine research 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. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target 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.